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Why Onto Innovation (ONTO) Stock Is Up Today

Investivoq PriceTracker

Onto Innovation (ONTO) is up 11.7% today. Here is some analysis on what might have caused this price movement. ([sec.gov](https://www.sec.gov/Archives/edgar/data/704532/000119312526453582/onto-ex99_1.htm))

Analysis: The rally appears tied to a strong third-quarter earnings report and upbeat guidance. Onto Innovation posted record revenue, beat the high end of its own non-GAAP guidance ranges, and signaled confidence that demand tied to AI, high-performance computing, advanced nodes, and advanced packaging remains durable. ([sec.gov](https://www.sec.gov/Archives/edgar/data/704532/000119312526453582/onto-ex99_1.htm))

Details:

  • Third-quarter revenue was about $409.7 million, up 87.8% from a year earlier, while non-GAAP diluted EPS rose to $2.44 from $0.92. ([sec.gov](https://www.sec.gov/Archives/edgar/data/704532/000119312526453582/onto-ex99_1.htm))
  • The company said revenue, operating margin, and earnings per share all finished above the high end of its previously announced non-GAAP guidance ranges. ([sec.gov](https://www.sec.gov/Archives/edgar/data/704532/000119312526453582/onto-ex99_1.htm))
  • Management highlighted record quarterly revenue in advanced nodes, advanced packaging, and specialty devices, and said backlog increased to more than $1.3 billion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/704532/000119312526453582/onto-ex99_1.htm))
  • For the fourth quarter, Onto Innovation guided for revenue of $430 million to $450 million and said it expects full-year 2026 revenue growth to exceed 45%, helping reinforce the bullish reaction. Analyst target changes after the release were mixed, but at least some firms lifted estimates and price targets following the results. ([sec.gov](https://www.sec.gov/Archives/edgar/data/704532/000119312526453582/onto-ex99_1.htm))

    • Sources:

    SEC, Google Finance, Investing.com

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $ONTO Insider Trading Activity

    ONTO Insider Trades

    $ONTO insiders have traded $ONTO stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $ONTO stock by insiders over the last 6 months:

    • DAVID BRIAN MILLER sold 2,000 shares for an estimated $600,000
    • SUSAN D LYNCH sold 1,000 shares for an estimated $302,300

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $ONTO Hedge Fund Activity

    We have seen 341 institutional investors add shares of $ONTO stock to their portfolio, and 334 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • ANDAR CAPITAL MANAGEMENT HK LTD removed 26,047,050 shares (-99.7%) from their portfolio in Q3 2026, for an estimated $8,017,802,931
    • NORDEA INVESTMENT MANAGEMENT AB added 755,954 shares (+979.4%) to their portfolio in Q3 2026, for an estimated $232,697,760
    • INVESCO LTD. added 719,083 shares (+113.6%) to their portfolio in Q2 2026, for an estimated $272,136,961
    • JANE STREET GROUP, LLC removed 601,373 shares (-99.5%) from their portfolio in Q2 2026, for an estimated $227,589,611
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 509,528 shares (+inf%) to their portfolio in Q2 2026, for an estimated $192,830,871
    • POLAR CAPITAL HOLDINGS PLC added 406,645 shares (+inf%) to their portfolio in Q2 2026, for an estimated $153,894,800
    • QUBE RESEARCH & TECHNOLOGIES LTD added 361,547 shares (+603.8%) to their portfolio in Q2 2026, for an estimated $136,827,462

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $ONTO Government Contracts

    We have seen $4,527,252 of award payments to $ONTO over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    • GEOPHYSICAL FIELD SYSTEMS TECHNOLOGY REFRESH: $673,266

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts endpoint.

    $ONTO Analyst Ratings

    Wall Street analysts have issued reports on $ONTO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Deutsche Bank issued a "Buy" rating on 06/05/2026

    To track analyst ratings and price targets for $ONTO, check out Investivoq's $ONTO forecast page.

    $ONTO Price Targets

    Multiple analysts have issued price targets for $ONTO recently. We have seen 4 analysts offer price targets for $ONTO in the last 6 months, with a median target of $390.0.

    Here are some recent targets:

    • C.J. Muse from Cantor Fitzgerald set a target price of $410.0 on 06/29/2026
    • Edward Yang from Oppenheimer set a target price of $450.0 on 06/22/2026
    • Nazerke Baimukan from Freedom Broker set a target price of $370.0 on 06/17/2026
    • Melissa Weathers from Deutsche Bank set a target price of $350.0 on 06/05/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.