Q1 Earnings Estimate for Onto Innovation Issued By B. Riley

Onto Innovation Inc. (NYSE:ONTO) – Equities researchers at B. Riley decreased their Q1 2025 earnings per share (EPS) estimates for shares of Onto Innovation in a note issued to investors on Monday, April 21st. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $1.45 per share for the quarter, down from their previous estimate of $1.47. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%.

Several other equities analysts also recently issued reports on the company. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Oppenheimer decreased their price objective on shares of Onto Innovation from $240.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Stifel Nicolaus lowered their price objective on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group reduced their target price on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.13.

Onto Innovation Trading Up 1.8 %

NYSE:ONTO opened at $114.16 on Wednesday. The stock has a market capitalization of $5.58 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. Onto Innovation has a 1 year low of $98.21 and a 1 year high of $238.93. The firm has a 50 day moving average of $133.60 and a 200-day moving average of $167.77.

Hedge Funds Weigh In On Onto Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of ONTO. UMB Bank n.a. grew its stake in shares of Onto Innovation by 22.8% during the fourth quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 74 shares during the period. Bridge City Capital LLC boosted its holdings in Onto Innovation by 1.0% during the fourth quarter. Bridge City Capital LLC now owns 8,165 shares of the semiconductor company’s stock worth $1,361,000 after buying an additional 78 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Onto Innovation by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company’s stock worth $256,000 after buying an additional 81 shares during the period. Hunter Perkins Capital Management LLC grew its position in shares of Onto Innovation by 3.9% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company’s stock worth $403,000 after buying an additional 90 shares during the period. Finally, Northwest & Ethical Investments L.P. increased its stake in shares of Onto Innovation by 9.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 1,150 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 100 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

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.