Onto Innovation Slides as Chip-Equipment Selloff and Pre-Earnings Caution Weigh on Shares

Onto Innovation (ONTO) is down 9.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a broad selloff in semiconductor-equipment stocks rather than a new company-specific setback. This could also reflect investor caution ahead of Onto Innovation’s second-quarter results on August 6, 2026, especially after the sector was rattled by worries about rising Chinese competition and the durability of AI-related spending.

Details:

Onto Innovation has not published a new negative operating update tied to today’s drop, and its investor relations site currently points investors to its scheduled second-quarter 2026 earnings release on August 6, 2026.

In its May 5, 2026 first-quarter release, the company guided for second-quarter revenue of $320 million to $330 million and non-GAAP diluted EPS of $1.65 to $1.73, which means the market is now moving ahead of a closely watched report.

The company’s first-quarter release highlighted expansion closer to customers in Asia and also flagged trade, export-rule, and customer spending risks, leaving the shares sensitive when investors turn cautious on chip-capital-equipment demand.

Sector sentiment weakened sharply after a report that China had begun mass-producing domestic immersion DUV lithography tools, adding pressure across semiconductor-equipment names and likely spilling over into Onto Innovation.

Sources:

Onto Innovation, SEC, Reuters

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

EARLY ACCESS

Receive ONTO Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$ONTO Hedge Fund Activity

We have seen 321 institutional investors add shares of $ONTO stock to their portfolio, and 205 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

POINT72 ASSET MANAGEMENT, L.P. added 818,891 shares (+212.8%) to their portfolio in Q1 2026, for an estimated $167,929,977
FRANKLIN RESOURCES INC removed 773,798 shares (-57.2%) from their portfolio in Q1 2026, for an estimated $158,682,755
WELLINGTON MANAGEMENT GROUP LLP removed 674,656 shares (-55.4%) from their portfolio in Q1 2026, for an estimated $138,351,705
JANE STREET GROUP, LLC added 602,673 shares (+29909.3%) to their portfolio in Q1 2026, for an estimated $123,590,152
BLACKROCK, INC. added 602,439 shares (+12.2%) to their portfolio in Q1 2026, for an estimated $123,542,165
MILLENNIUM MANAGEMENT LLC removed 471,136 shares (-95.2%) from their portfolio in Q1 2026, for an estimated $96,615,859
FMR LLC added 377,622 shares (+83.7%) to their portfolio in Q1 2026, for an estimated $77,438,943

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

$ONTO Government Contracts

We have seen $2,860,911 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
SEISMIC EQUIPMENT: $310,216
SEISMIC EQUIPMENT: $241,990
SEISMIC EQUIPMENT: $197,349
SEISMIC EQUIPMENT: $192,392

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative 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 Quiver Quantitative's $ONTO forecast page.

$ONTO Price Targets

Multiple analysts have issued price targets for $ONTO recently. We have seen 9 analysts offer price targets for $ONTO in the last 6 months, with a median target of $350.0.

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
Charles Shi from Needham set a target price of $330.0 on 05/06/2026
Craig Ellis from B. Riley Securities set a target price of $330.0 on 04/17/2026
Mark Lipacis from Evercore ISI Group set a target price of $315.0 on 04/17/2026

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