BlackRock Inc. acquired 5,505,181 shares of Onto Innovation. This investment is valued at approximately $2.08 billion. The purchase gives BlackRock an 11.07% stake in the semiconductor equipment manufacturer. A regulatory filing disclosed the transaction on August 20, 2026.
Institutional investors now own 98.35% of the company. Onto Innovation reported second-quarter earnings of $1.93 per share. Revenue increased 35.3% year-over-year. Quarterly sales reached $343.13 million.
Analysts maintain a consensus Buy rating on the stock. Goldman Sachs recently initiated coverage with a $400 price target.