Empowered Funds LLC Makes New $2.95 Million Investment in Onto Innovation Inc. $ONTO

Empowered Funds LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the second quarter, Holdings Channel.com reports. The fund bought 7,788 shares of the semiconductor company’s stock, valued at approximately $2,947,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers lifted 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 worth $2,720,000 after buying an additional 1,793 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Onto Innovation in the 1st quarter worth $2,877,000. BlackRock Inc. purchased a new position in shares of Onto Innovation during the 2nd quarter worth $2,083,436,000. Andar Capital Management HK Ltd purchased a new position in shares of Onto Innovation during the 2nd quarter worth $69,000,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Onto Innovation during the 4th quarter valued at about $1,583,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $350.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $380.30.

Insider Activity at Onto Innovation

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the transaction, the director 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 filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

More Onto Innovation News

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Analyst estimates increased: Zacks Research raised its “Strong Buy” outlook and lifted EPS forecasts across 2026–2028. Estimates now call for $7.88 in FY2026, $10.88 in FY2027 and $12.22 in FY2028, up from prior forecasts of $6.78, $8.71 and $9.44, respectively. The firm also increased its Q3 2026 estimate to $2.20 from $1.73. The revisions suggest stronger anticipated demand and earnings growth for Onto’s semiconductor-inspection business. MarketBeat Onto Innovation analyst estimates
• Neutral Sentiment: Insider stock sale: Director Lynch sold 1,000 shares for approximately $302,000 on August 21, representing about 27% of his directly held shares before the filing. The sale may raise caution about insider sentiment, although it does not establish that management expects weaker operating results. Onto Innovation director stock sale
• Negative Sentiment: Shareholder investigation announced: Levi & Korsinsky said it is investigating possible breaches of fiduciary duties by certain Onto Innovation officers and directors. The announcement does not allege that wrongdoing has been proven, but it creates legal and governance uncertainty and is the clearest near-term negative catalyst for the stock. Levi and Korsinsky Onto Innovation investigation

Onto Innovation Stock Performance

Shares of ONTO opened at $254.95 on Thursday. Onto Innovation Inc. has a 1 year low of $101.06 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 stock has a market capitalization of $12.51 billion, a PE ratio of 95.85, a PEG ratio of 0.84 and a beta of 1.59. The stock has a 50-day simple moving average of $296.63 and a 200-day simple moving average of $267.77.

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

About Onto Innovation

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.