Polar Asset Management Partners Inc. Acquires Shares of 9,566 Onto Innovation Inc. $ONTO

Polar Asset Management Partners Inc. purchased a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,566 shares of the semiconductor company’s stock, valued at approximately $3,620,000.

A number of other hedge funds have also bought and sold shares of ONTO. NewEdge Advisors LLC lifted its holdings in Onto Innovation by 312.5% during the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock worth $500,000 after buying an additional 3,122 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Onto Innovation by 76.4% during the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock worth $58,517,000 after purchasing an additional 208,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Onto Innovation by 8.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock worth $19,810,000 after purchasing an additional 13,175 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Onto Innovation by 6.3% in the second quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 238 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Onto Innovation by 182.4% during the second quarter. Russell Investments Group Ltd. now owns 6,631 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 4,283 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director owned 2,684 shares of the company’s stock, valued at $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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

NYSE ONTO opened at $292.38 on Wednesday. Onto Innovation Inc. has a 12 month low of $101.00 and a 12 month high of $386.46. The firm has a market capitalization of $14.35 billion, a PE ratio of 109.92, a P/E/G ratio of 0.94 and a beta of 1.59. The company’s 50 day simple moving average is $303.38 and its 200 day simple moving average is $265.18. 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 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 return on equity of 13.44% and a net margin of 11.84%.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 posted $1.25 earnings per share. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, equities research analysts forecast that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ONTO. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Morgan Stanley reiterated an “overweight” rating and set a $383.00 price target on shares of Onto Innovation in a research report on Friday, August 7th. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. The Goldman Sachs Group began coverage on Onto Innovation in a research report on Monday, August 17th. They set a “buy” rating and a $400.00 price objective for the company. Finally, Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $380.30.

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.