A director of Onto Innovation Inc. (NASDAQ: ONTO) sold 1,000 common shares on August 21, 2026, for a total of $302,300, according to a regulatory filing. The transaction was executed at $302.30 per share under a pre-arranged Rule 10b5-1 trading plan adopted on May 22, 2026. After the disposal, Susan D. Lynch retains 2,684 shares in the company.
The disposal follows a 169% increase in Onto Innovation’s stock over the past year, though shares retreated 7.6% in the week prior to the sale. The company reported second-quarter earnings of $1.93 per share, exceeding Wall Street expectations of $1.69, and revenue of $343.1 million, above analyst projections of $325.25 million. Revenue rose 18% sequentially and 35% year-over-year, setting a new company record.
Onto Innovation also raised its guidance for the second half of 2026. Analysts at Goldman Sachs initiated coverage with a buy rating and a $400 price target, citing artificial intelligence demand as a key driver for the company’s inspection and metrology equipment used in semiconductor manufacturing. InvestingPro analysis had previously flagged the stock as overvalued relative to its fair value estimate.
