Sequoia Financial Advisors LLC Increases Position in Onto Innovation Inc. $ONTO

Sequoia Financial Advisors LLC boosted its position in Onto Innovation Inc. (NYSE:ONTO) by 14.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,878 shares of the semiconductor company’s stock after purchasing an additional 2,702 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Onto Innovation were worth $8,280,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Highland Investment Advisors LLC acquired a new position in Onto Innovation during the 2nd quarter valued at about $25,000. Fiduciary Financial Advisors purchased a new position in shares of Onto Innovation during the second quarter worth $25,000. CoreCap Advisors LLC acquired a new position in shares of Onto Innovation in the 2nd quarter valued at about $38,000. Rakuten Securities Inc. acquired a new position in Onto Innovation in the second quarter valued at approximately $40,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Onto Innovation in the 2nd quarter valued at $42,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ONTO shares. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Needham & Company LLC increased their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Oppenheimer raised their price objective on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $378.00.

Onto Innovation Price Performance

Shares of ONTO opened at $280.94 on Friday. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 105.62, a PEG ratio of 0.88 and a beta of 1.59. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $287.29 and its 200-day simple moving average is $269.97. Onto Innovation Inc. has a twelve month low of $107.55 and a twelve month high of $386.46.

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. Equities analysts forecast that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Insider Transactions at Onto Innovation

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director owned 2,684 shares in the company, valued at $811,373.20. This represents 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 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.