Jump Financial LLC Trims Stake in Onto Innovation Inc. $ONTO

Key Points

• Jump Financial LLC reduced its stake in Onto Innovation Inc. by 47.8%, selling 11,795 shares to hold a total of 12,861 shares valued at $1,561,000.
• Onto Innovation reported $1.25 EPS for the last quarter, missing analysts' estimates, while revenue grew by 4.7% year-over-year to $253.60 million.
• A number of analysts decreased their price targets for Onto Innovation, with a consensus rating of "Moderate Buy" and an average target price of $137.86.

Jump Financial LLC lowered its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,861 shares of the semiconductor company's stock after selling 11,795 shares during the period. Jump Financial LLC's holdings in Onto Innovation were worth $1,561,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ONTO. MassMutual Private Wealth & Trust FSB increased its stake in shares of Onto Innovation by 177.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after buying an additional 151 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Onto Innovation during the first quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock valued at $30,000 after buying an additional 108 shares during the period. Larson Financial Group LLC increased its stake in shares of Onto Innovation by 3,700.0% during the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock valued at $32,000 after buying an additional 259 shares during the period. Finally, Berbice Capital Management LLC increased its stake in shares of Onto Innovation by 33.3% during the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock valued at $49,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Down 3.3%

Shares of Onto Innovation stock traded down $3.51 on Tuesday, reaching $102.50. 482,483 shares of the stock were exchanged, compared to its average volume of 1,239,766. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 0.71 and a beta of 1.58. The business has a 50 day moving average price of $101.83 and a two-hundred day moving average price of $113.00.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same period last year, the firm earned $1.32 EPS. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analyst Weigh In

ONTO has been the topic of a number of recent research reports. Oppenheimer dropped their price objective on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Jefferies Financial Group set a $110.00 price objective on Onto Innovation and gave the company a "hold" rating in a research report on Tuesday, May 20th. Needham & Company LLC dropped their price objective on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. B. Riley dropped their price objective on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, Cantor Fitzgerald dropped their price objective on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Onto Innovation has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

Onto Innovation Company Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.