Oppenheimer Asset Management Inc. Invests $570,000 in Onto Innovation Inc. $ONTO

Oppenheimer Asset Management Inc. purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,507 shares of the semiconductor company’s stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dockside LLC bought a new position in Onto Innovation in the 2nd quarter valued at approximately $1,823,000. Handelsbanken Fonder AB grew its stake in shares of Onto Innovation by 13.0% during the second quarter. Handelsbanken Fonder AB now owns 16,500 shares of the semiconductor company’s stock worth $6,244,000 after buying an additional 1,900 shares during the last quarter. Arista Wealth Management LLC bought a new stake in shares of Onto Innovation during the second quarter worth $378,000. Everhart Financial Group Inc. acquired a new position in shares of Onto Innovation during the second quarter worth $256,000. Finally, GAMMA Investing LLC increased its holdings in shares of Onto Innovation by 19.2% during the second quarter. GAMMA Investing LLC now owns 1,483 shares of the semiconductor company’s stock worth $561,000 after buying an additional 239 shares in the last quarter. 98.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Needham & Company LLC increased their target price on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Oppenheimer lifted their price target on Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. Finally, Cantor Fitzgerald boosted their price target on Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Onto Innovation presently has a consensus rating of “Buy” and a consensus price target of $380.30.

Onto Innovation Stock Up 6.1%

Shares of NYSE:ONTO opened at $351.91 on Tuesday. The firm has a market cap of $17.27 billion, a P/E ratio of 132.30, a P/E/G ratio of 1.11 and a beta of 1.59. Onto Innovation Inc. has a 12-month low of $101.00 and a 12-month high of $386.46. The business has a fifty day simple moving average of $304.23 and a 200 day simple moving average of $261.22. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. The firm 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 revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Onto Innovation 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.