Jupiter Topco LLC Invests $24.38 Million in Onto Innovation Inc. $ONTO

Jupiter Topco LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, Holdings Channel reports. The fund bought 64,399 shares of the semiconductor company’s stock, valued at approximately $24,380,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Investment Advisers increased its stake in Onto Innovation by 15.6% during the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock worth $2,720,000 after acquiring an additional 1,793 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Onto Innovation in the 1st quarter valued at $2,877,000. BlackRock Inc. acquired a new position in shares of Onto Innovation in the 2nd quarter valued at $2,083,436,000. Andar Capital Management HK Ltd purchased a new position in shares of Onto Innovation during the 2nd quarter worth $69,000,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Onto Innovation during the 4th quarter worth $1,583,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. The Goldman Sachs Group began coverage on Onto Innovation in a research note on Monday, August 17th. They set a “buy” rating and a $400.00 price target on the stock. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $380.30.

Onto Innovation Stock Down 7.4%

Shares of ONTO opened at $270.85 on Friday. The company’s 50-day simple moving average is $300.77 and its 200-day simple moving average is $266.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. The stock has a market capitalization of $13.29 billion, a PE ratio of 101.82, a P/E/G ratio of 0.98 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $1.25 earnings per share. The business’s quarterly revenue 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. Analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the sale, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Onto Innovation Profile

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.