Onto Innovation Inc. $ONTO Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,910 shares of the semiconductor company’s stock after selling 3,610 shares during the quarter. Tidal Investments LLC owned 0.12% of Onto Innovation worth $22,673,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Baird Financial Group Inc. lifted its position in shares of Onto Innovation by 8.5% during the 2nd quarter. Baird Financial Group Inc. now owns 66,489 shares of the semiconductor company’s stock valued at $25,163,000 after acquiring an additional 5,227 shares during the period. Allworth Financial LP grew its holdings in Onto Innovation by 3.9% in the second quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 37 shares during the last quarter. Arizona State Retirement System increased its position in shares of Onto Innovation by 1.9% in the second quarter. Arizona State Retirement System now owns 13,726 shares of the semiconductor company’s stock valued at $5,195,000 after buying an additional 258 shares in the last quarter. Nykredit A S acquired a new position in shares of Onto Innovation during the 2nd quarter worth $692,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Onto Innovation during the 2nd quarter worth $263,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ONTO. Cantor Fitzgerald boosted their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. The Goldman Sachs Group assumed coverage on shares of Onto Innovation in a research report on Monday, August 17th. They set a “buy” rating and a $400.00 target price for the company. Morgan Stanley reduced their price target on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating on the stock in a report on Tuesday. Jefferies Financial Group raised their price objective on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Onto Innovation presently has an average rating of “Buy” and a consensus target price of $378.00.

Onto Innovation Price Performance

Onto Innovation stock opened at $269.44 on Friday. Onto Innovation Inc. has a 1 year low of $107.36 and a 1 year high of $386.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The firm has a 50 day moving average price of $287.85 and a 200 day moving average price of $269.89. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 101.29, a PEG ratio of 0.91 and a beta of 1.59.

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

Insiders Place Their Bets

In related news, Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction 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 transaction, the director owned 2,684 shares in the company, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Onto Innovation Company Profile

Onto Innovation Inc (NYSE:ONTO) develops process control, inspection, metrology and lithography systems used in the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and improve processes throughout wafer fabrication, packaging and other stages of production.

The company’s products include optical metrology systems, wafer and macro-defect inspection tools, three-dimensional metrology solutions, lithography systems and process-control software.