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

Key Points

• Jupiter Topco LLC acquired 64,399 shares of Onto Innovation worth approximately $24.38 million, representing about 0.13% of the company. Institutional investors collectively own 98.35% of Onto Innovation.
• Onto Innovation reported stronger-than-expected quarterly results, with EPS of $1.93 versus the $1.69 consensus estimate and revenue of $343.13 million, up 35.3% year over year. The company guided for third-quarter 2026 EPS of $2.18–$2.38.
• ONTO shares opened at $270.85, down 7.4%, despite analysts maintaining a generally bullish outlook. The stock has an average “Buy” rating and a consensus price target of $380.30, while a director recently sold 1,000 shares under a pre-arranged trading plan.

Jupiter Topco LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,399 shares of the semiconductor company's stock, valued at approximately $24,380,000. Jupiter Topco LLC owned about 0.13% of Onto Innovation at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fiduciary Financial Advisors bought a new stake in Onto Innovation during the 2nd quarter worth about $25,000. Root Financial Partners LLC boosted its stake in shares of Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company's stock worth $28,000 after buying an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 115 shares in the last quarter. Millstone Evans Group LLC grew its holdings in shares of Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 99 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Onto Innovation in the 2nd quarter valued at about $38,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Down 7.4%

Shares of ONTO stock opened at $270.85 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The firm's 50-day moving average is $300.77 and its 200-day moving average is $266.53. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 101.82, a PEG ratio of 0.98 and a beta of 1.59. Onto Innovation Inc. has a 52-week low of $101.00 and a 52-week high of $386.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period last year, the business posted $1.25 EPS. Onto Innovation's revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Sell-side analysts predict that Onto Innovation Inc. will post 7.88 EPS for the current year.

Insider Activity at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the transaction, the director directly owned 2,684 shares of the company's stock, valued at approximately $811,373.20. The trade was a 27.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.

Analysts Set New Price Targets

Several research firms recently issued reports on ONTO. Morgan Stanley reiterated an "overweight" rating and set a $383.00 target price on shares of Onto Innovation in a report on Friday, August 7th. Oppenheimer raised their price target on Onto Innovation from $370.00 to $450.00 and gave the company an "outperform" rating in a research note on Monday, June 22nd. Weiss Ratings raised Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 21st. B. Riley Financial reiterated a "buy" rating on shares of Onto Innovation in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Onto Innovation in a report on Friday, June 5th. They issued a "buy" rating and a $350.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Onto Innovation has an average rating of "Buy" and an average target price of $380.30.

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.

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