Juncture Wealth Strategies LLC Trims Stock Position in Onto Innovation Inc. $ONTO

Key Points

• Juncture Wealth Strategies LLC reduced its stake in Onto Innovation Inc. by 36.4%, now holding 4,960 shares after selling 2,840 shares, valued at $501,000 at the end of the last quarter.
• Onto Innovation reported earnings per share of $1.25 for the previous quarter, slightly missing the consensus estimate of $1.27, while achieving revenue of $253.60 million, exceeding analyst expectations.
• Analysts maintain a consensus rating of "Moderate Buy" for Onto Innovation, with a price target of $137.86, despite some recent target revisions by various investment firms.

Juncture Wealth Strategies LLC decreased its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 36.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,960 shares of the semiconductor company's stock after selling 2,840 shares during the period. Juncture Wealth Strategies LLC's holdings in Onto Innovation were worth $501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new position in Onto Innovation in the first quarter valued at $217,000. GAMMA Investing LLC grew its position in shares of Onto Innovation by 75.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company's stock valued at $130,000 after purchasing an additional 458 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Onto Innovation in the first quarter valued at about $420,000. Oppenheimer Asset Management Inc. grew its position in shares of Onto Innovation by 16.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company's stock valued at $875,000 after purchasing an additional 1,013 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of Onto Innovation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company's stock valued at $701,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Trading Up 2.6%

ONTO opened at $111.10 on Monday. The firm has a market capitalization of $5.44 billion, a PE ratio of 27.50, a PEG ratio of 0.75 and a beta of 1.58. The firm's 50-day moving average price is $102.73 and its 200 day moving average price is $109.43. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group set a $110.00 target price on shares of Onto Innovation and gave the company a "hold" rating in a research report on Tuesday, May 20th. B. Riley dropped their target price on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Cantor Fitzgerald dropped their target price on shares of Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Finally, Benchmark dropped their target price on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

About Onto Innovation

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.

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