Polar Asset Management Partners Inc. Makes New $3.62 Million Investment in Onto Innovation Inc. $ONTO

Polar Asset Management Partners Inc. purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 9,566 shares of the semiconductor company’s stock, valued at approximately $3,620,000.

Several other institutional investors also recently modified their holdings of the stock. Fiduciary Financial Advisors bought a new stake in shares of Onto Innovation during the 2nd quarter worth $25,000. CoreCap Advisors LLC acquired a new stake in shares of Onto Innovation during the second quarter worth $38,000. Rakuten Securities Inc. purchased a new position in Onto Innovation in the 2nd quarter worth about $40,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Onto Innovation in the 2nd quarter worth about $42,000. Finally, Harbor Investment Advisory LLC acquired a new stake in Onto Innovation during the 2nd quarter worth about $47,000. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Up 3.3%

Shares of Onto Innovation stock opened at $292.38 on Wednesday. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 109.92, a P/E/G ratio of 0.94 and a beta of 1.59. The stock has a 50-day simple moving average of $303.38 and a 200-day simple moving average of $265.18. Onto Innovation Inc. has a 52-week low of $101.00 and a 52-week high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. The firm had revenue of $343.13 million for the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The firm’s revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities research analysts expect that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ONTO. B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. Freedom Capital raised shares of Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. The Goldman Sachs Group assumed coverage on shares of Onto Innovation in a report on Monday, August 17th. They set a “buy” rating and a $400.00 price target on the stock. Morgan Stanley restated an “overweight” rating and issued a $383.00 price target on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Cantor Fitzgerald raised their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Two research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $380.30.

Insider Buying and Selling

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the sale, the director directly owned 2,684 shares of the company’s stock, valued at $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Onto Innovation Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.