48,350 Onto Innovation Inc. $ONTO Shares Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. increased its stake in Onto Innovation Inc. (NYSE:ONTO) by 12.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 450,163 shares of the semiconductor company’s stock after buying an additional 48,350 shares during the period. Phoenix Financial Ltd.’s holdings in Onto Innovation were worth $138,569,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Onto Innovation in the second quarter valued at about $6,377,000. Ausbil Investment Management Ltd bought a new stake in shares of Onto Innovation in the 3rd quarter worth approximately $1,444,000. Cetera Investment Advisers lifted its stake in Onto Innovation by 15.6% in 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 during the last quarter. BOKF NA purchased a new position in Onto Innovation in the third quarter valued at approximately $1,758,000. Finally, Entropy Technologies LP purchased a new position in Onto Innovation in the first quarter valued at approximately $2,877,000. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Performance

Shares of NYSE ONTO traded down $6.13 during midday trading on Friday, hitting $203.54. The company’s stock had a trading volume of 806,947 shares, compared to its average volume of 1,211,282. The stock has a fifty day moving average price of $248.06 and a 200 day moving average price of $259.13. Onto Innovation Inc. has a one year low of $121.57 and a one year high of $386.46. The company has a current ratio of 6.78, a quick ratio of 8.33 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 66.95, a P/E/G ratio of 0.61 and a beta of 1.66.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Monday, November 9th. The semiconductor company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.14. The company had revenue of $409.75 million for the quarter, compared to analysts’ expectations of $392.06 million. Onto Innovation had a net margin of 11.53% and a return on equity of 17.18%. Onto Innovation’s revenue was up 87.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. On average, research analysts forecast that Onto Innovation Inc. will post 8.25 EPS for the current fiscal year.

Insider Buying and Selling

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the stock in a transaction 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 sale, 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the director owned 10,692 shares in the company, valued at approximately $3,207,600. This represents a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on ONTO shares. Morgan Stanley decreased their target price on Onto Innovation from $360.00 to $325.00 and set an “overweight” rating for the company in a research report on Tuesday, November 10th. Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Stifel Nicolaus dropped their price target on Onto Innovation from $350.00 to $305.00 and set a “buy” rating on the stock in a research report on Tuesday, November 10th. Jefferies Financial Group dropped their price target on Onto Innovation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, November 10th. Finally, Needham & Company LLC cut their price target on Onto Innovation from $360.00 to $285.00 and set a “buy” rating for the company in a research note on Tuesday, November 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $352.08.

Trending Headlines about Onto Innovation

Here are a few of the latest headlines about ONTO:

• Positive Sentiment: Onto raised its Q4 outlook, citing AI-driven packaging demand, record growth, increased adoption of its Dragonfly G5 system and a backlog exceeding $1.3 billion. Management also highlighted growth potential heading into 2027. Article: ONTO Raises Q4 Outlook as AI Packaging Demand Drives Record Growth
• Positive Sentiment: Evercore initiated coverage with a “Strong Buy” rating, adding an upbeat analyst view of the company’s prospects. Article: Onto Innovation Stock Rated Strong-Buy in New Coverage at Evercore
• Neutral Sentiment: RBC lowered its price target to $350 from $400 but maintained an Outperform rating, reflecting a more cautious valuation view without changing its positive rating. Article: RBC Cuts Price Target, Keeps Outperform Rating

Onto Innovation Company Profile

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects. The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.