Artemis Investment Management LLP Increases Holdings in Onto Innovation Inc. $ONTO

Artemis Investment Management LLP lifted its position in Onto Innovation Inc. (NYSE:ONTO) by 32.7% during the 3rd quarter, Holdings Channel reports. The firm owned 246,262 shares of the semiconductor company’s stock after buying an additional 60,648 shares during the quarter. Artemis Investment Management LLP’s holdings in Onto Innovation were worth $75,804,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Andar Capital Management HK Ltd acquired a new position in Onto Innovation during the 2nd quarter worth about $69,000,000. BlackRock Inc. bought a new stake in Onto Innovation in the second quarter valued at about $2,083,436,000. Franklin Resources Inc. raised its position in shares of Onto Innovation by 21.4% in the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock valued at $213,585,000 after acquiring an additional 238,500 shares during the period. Paradigm Capital Management Inc. NY acquired a new stake in Onto Innovation in the second quarter worth $416,839,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Onto Innovation by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company’s stock worth $138,898,000 after acquiring an additional 28,137 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

Shares of NYSE:ONTO traded down $12.22 during trading on Thursday, hitting $292.18. 290,806 shares of the company were exchanged, compared to its average volume of 1,044,102. The business’s 50 day moving average is $287.10 and its 200-day moving average is $280.96. Onto Innovation Inc. has a 1-year low of $118.97 and a 1-year high of $386.46. The company has a market capitalization of $14.34 billion, a P/E ratio of 110.02, a price-to-earnings-growth ratio of 1.03 and a beta of 1.58. 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 data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The company had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The firm’s revenue 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. Equities analysts forecast that Onto Innovation Inc. will post 8.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target 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. Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Needham & Company LLC increased their price target on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Evercore reissued an “outperform” rating and issued a $390.00 price objective on shares of Onto Innovation in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $380.00.

Insider Buying and Selling

In related news, Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction on Friday, August 21st. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the director directly owned 10,692 shares in the company, valued at $3,207,600. This represents a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Onto Innovation Company Profile

Onto Innovation Inc (NYSE: ONTO) develops process control, inspection, metrology and lithography solutions for the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and control production processes, identify defects and improve yields during the fabrication of integrated circuits and other electronic components.

The company’s product portfolio includes optical and materials metrology systems, wafer and macro-defect inspection equipment, lithography systems, software and data-analysis tools, and solutions for semiconductor packaging and related applications.