Onto Innovation Inc. $ONTO Stock Holdings Lowered by Junto Capital Management LP

Key Points

• Junto Capital Management cut its Onto Innovation stake by 72.6% in the second quarter, selling 154,727 shares and retaining 58,521 shares worth approximately $22.1 million. Institutional investors collectively own 98.35% of the company.
• Onto Innovation exceeded quarterly expectations, reporting $1.93 in EPS on $343.1 million in revenue, with revenue rising 35.3% year over year. The company issued third-quarter EPS guidance of $2.18–$2.38.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $378; several firms recently raised targets to $400.

Junto Capital Management LP lessened its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 72.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,521 shares of the semiconductor company's stock after selling 154,727 shares during the period. Junto Capital Management LP owned approximately 0.12% of Onto Innovation worth $22,147,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Highland Investment Advisors LLC bought a new position in Onto Innovation in the 2nd quarter worth about $25,000. Fiduciary Financial Advisors acquired a new stake in Onto Innovation in the 2nd quarter valued at approximately $25,000. CoreCap Advisors LLC bought a new stake in Onto Innovation during the 2nd quarter valued at $38,000. Rakuten Securities Inc. acquired a new position in shares of Onto Innovation during the second quarter valued at $40,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Onto Innovation during the second quarter valued at $42,000. 98.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Onto Innovation

In other news, Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction 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 transaction, the director directly owned 2,684 shares of the company's stock, valued at $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Onto Innovation Price Performance

Onto Innovation stock opened at $278.75 on Thursday. The company has a market capitalization of $13.68 billion, a PE ratio of 104.79, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The business has a 50 day simple moving average of $288.64 and a 200 day simple moving average of $269.51. Onto Innovation Inc. has a one year low of $104.64 and a one year high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.69 by $0.24. The business had revenue of $343.13 million for the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.Onto Innovation's revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, sell-side analysts forecast that Onto Innovation Inc. will post 8.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ONTO shares. B. Riley Financial restated a "buy" rating on shares of Onto Innovation in a research report on Friday, August 7th. Needham & Company LLC upped their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a research note on Friday, June 5th. They issued a "buy" rating and a $350.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Onto Innovation in a research note on Monday, August 17th. They set a "buy" rating and a $400.00 target price for the company. Finally, Jefferies Financial Group lifted their price target on Onto Innovation from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Onto Innovation has an average rating of "Buy" and an average price target of $378.00.

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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