Freestone Grove Partners LP Takes Position in Onto Innovation Inc. $ONTO

Freestone Grove Partners LP bought a new stake in Onto Innovation Inc. (NYSE:ONTO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,492 shares of the semiconductor company’s stock, valued at approximately $7,377,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in Onto Innovation by 15.6% during the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock valued at $2,720,000 after purchasing an additional 1,793 shares in the last quarter. Entropy Technologies LP purchased a new stake in Onto Innovation in the 1st quarter worth approximately $2,877,000. BlackRock Inc. acquired a new stake in shares of Onto Innovation during the 2nd quarter valued at $2,083,436,000. Andar Capital Management HK Ltd acquired a new stake in shares of Onto Innovation during the 2nd quarter valued at $69,000,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Onto Innovation during the 4th quarter valued at $1,583,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Trading Down 7.4%

Onto Innovation stock opened at $270.85 on Friday. 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 quick ratio of 8.33 and a current ratio of 9.73. The firm has a market capitalization of $13.29 billion, a PE ratio of 101.82, a PEG ratio of 0.98 and a beta of 1.59. The business’s 50-day simple moving average is $300.77 and its 200-day simple moving average is $266.53.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating 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 firm had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period in the prior year, the firm earned $1.25 EPS. The business’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. Equities research analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ONTO shares. Jefferies Financial Group increased their price target 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. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Oppenheimer increased their target price on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, Morgan Stanley restated an “overweight” rating and set a $383.00 target price on shares of Onto Innovation in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation presently has an average rating of “Buy” and a consensus target price of $380.30.

Insiders Place Their Bets

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the sale, the director owned 2,684 shares in the company, valued at $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 Company 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.