Polymer Capital Management HK LTD Acquires Shares of 11,400 Onto Innovation Inc. $ONTO

Polymer Capital Management HK LTD bought a new position in Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,400 shares of the semiconductor company’s stock, valued at approximately $4,314,000.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in Onto Innovation by 16.5% during the 1st quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 56 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Onto Innovation by 4.9% during the 1st quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock worth $281,000 after acquiring an additional 64 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Onto Innovation by 8.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock valued at $186,000 after acquiring an additional 92 shares during the last quarter. Finally, Millstone Evans Group LLC grew its holdings in shares of Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 99 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Trading Up 0.1%

Shares of ONTO opened at $293.68 on Monday. The company’s fifty day simple moving average is $304.92 and its 200-day simple moving average is $263.86. The company has a market cap of $14.41 billion, a P/E ratio of 110.41, a P/E/G ratio of 0.98 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. Onto Innovation Inc. has a twelve month low of $101.00 and a twelve month high of $386.46.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The firm had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. During the same period in the previous year, the company earned $1.25 EPS. 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, analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Onto Innovation in a research report on Monday, August 17th. They issued a “buy” rating and a $400.00 price target on the stock. Jefferies Financial Group lifted their price objective on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Morgan Stanley restated an “overweight” rating and issued a $383.00 target price on shares of Onto Innovation in a report on Friday, August 7th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Onto Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $350.00 price target for the company. Two investment 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target 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.