JPMorgan Chase & Co. Sells 183,129 Shares of Onto Innovation Inc. $ONTO

JPMorgan Chase & Co. trimmed its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 34.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,134 shares of the semiconductor company’s stock after selling 183,129 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.70% of Onto Innovation worth $44,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Onto Innovation by 312.5% in the first quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock valued at $500,000 after buying an additional 3,122 shares during the period. Goldman Sachs Group Inc. boosted its position in Onto Innovation by 76.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock worth $58,517,000 after buying an additional 208,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Onto Innovation by 8.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock worth $19,810,000 after acquiring an additional 13,175 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Onto Innovation by 6.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,557 shares of the semiconductor company’s stock worth $1,267,000 after acquiring an additional 751 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Onto Innovation by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 238 shares during the period. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ONTO. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Stifel Nicolaus set a $220.00 price objective on Onto Innovation in a report on Friday, February 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Onto Innovation in a research report on Friday, February 20th. B. Riley Financial lifted their target price on Onto Innovation from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Stock Down 4.4%

Shares of NYSE ONTO opened at $200.32 on Friday. The company has a market capitalization of $9.96 billion, a PE ratio of 72.32, a P/E/G ratio of 1.04 and a beta of 1.47. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $232.49. The firm has a fifty day simple moving average of $207.61 and a 200 day simple moving average of $163.44.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The firm had revenue of $266.87 million for the quarter, compared to the consensus estimate of $265.78 million. During the same period last year, the company posted $1.51 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, equities analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

About Onto Innovation

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.