Onto Innovation Inc. $ONTO Shares Newly Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. acquired a new stake in Onto Innovation Inc. (NYSE:ONTO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the semiconductor company’s stock, valued at approximately $1,539,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Andar Capital Management HK Ltd acquired a new stake in Onto Innovation during the second quarter worth approximately $69,000,000. BlackRock Inc. acquired a new stake in shares of Onto Innovation during the second quarter worth $2,083,436,000. Paradigm Capital Management Inc. NY purchased a new stake in shares of Onto Innovation in the second quarter valued at $416,839,000. Dimensional Fund Advisors LP grew its position in shares of Onto Innovation by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company’s stock valued at $138,898,000 after purchasing an additional 28,137 shares during the period. Finally, William Blair Investment Management LLC purchased a new stake in shares of Onto Innovation in the second quarter valued at $251,812,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

ONTO has been the subject of several analyst reports. Needham & Company LLC upped their target price on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Morgan Stanley decreased their price target on Onto Innovation from $383.00 to $360.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Onto Innovation in a research note on Monday, August 17th. They set a “buy” rating and a $400.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $380.00.

Insider Transactions at Onto Innovation

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the transaction, the director owned 2,684 shares in the company, valued at $811,373.20. This represents a 27.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the director owned 10,692 shares of the company’s stock, valued at approximately $3,207,600. This represents a 15.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Onto Innovation Price Performance

ONTO opened at $202.04 on Wednesday. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. Onto Innovation Inc. has a 52-week low of $118.97 and a 52-week high of $386.46. The company has a 50 day moving average of $260.92 and a two-hundred day moving average of $260.00. The company has a market cap of $9.91 billion, a P/E ratio of 34.61, a P/E/G ratio of 0.63 and a beta of 1.66.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.24. The company had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, analysts expect that Onto Innovation Inc. will post 8.04 earnings per share for the current year.

Onto Innovation Profile

Onto Innovation Inc (NYSE: ONTO) develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.

The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.