Onto Innovation Inc. (NYSE:ONTO) Receives $148.57 Average PT from Brokerages

Onto Innovation Inc. (NYSE:ONTO) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $150.00.

Several research analysts have issued reports on the company. Evercore ISI boosted their target price on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and upped their price objective for the company from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Stifel Nicolaus lifted their target price on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 13th. B. Riley boosted their target price on shares of Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Oppenheimer raised their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th.

Institutional Trading of Onto Innovation

A number of large investors have recently modified their holdings of the company. Westside Investment Management Inc. increased its holdings in Onto Innovation by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Onto Innovation during the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 108 shares during the period. Larson Financial Group LLC raised its holdings in shares of Onto Innovation by 3,700.0% in the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 259 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Down 3.2%

ONTO stock opened at $131.47 on Friday. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $228.42. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The firm’s fifty day simple moving average is $125.94 and its two-hundred day simple moving average is $110.89.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $218.19 million during the quarter, compared to analyst estimates of $220.23 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business’s revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the business earned $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, equities research analysts expect that Onto Innovation will post 6.26 EPS for the current year.

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.