Onto Innovation (NYSE:ONTO) Announces Earnings Results

Onto Innovation (NYSE:ONTO) issued its quarterly earnings results on Thursday. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03, Zacks reports. The business had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. Onto Innovation updated its Q4 2025 guidance to 1.180-1.330 EPS.

Onto Innovation Stock Performance

NYSE:ONTO traded up $0.56 during trading hours on Friday, hitting $132.31. 1,092,628 shares of the company’s stock traded hands, compared to its average volume of 1,270,325. The stock’s fifty day moving average price is $125.94 and its two-hundred day moving average price is $110.89. The firm has a market cap of $6.48 billion, a P/E ratio of 32.61, a P/E/G ratio of 0.94 and a beta of 1.64. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $228.42.

Institutional Trading of Onto Innovation

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in Onto Innovation by 206.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 389 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Onto Innovation by 56.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 393 shares during the period. Teza Capital Management LLC bought a new stake in shares of Onto Innovation in the second quarter valued at approximately $371,000. Captrust Financial Advisors grew its stake in shares of Onto Innovation by 6.3% in the second quarter. Captrust Financial Advisors now owns 3,678 shares of the semiconductor company’s stock worth $371,000 after acquiring an additional 217 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Onto Innovation by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 238 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on ONTO shares. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Benchmark dropped their target price on Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, August 8th. B. Riley increased their price target on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Stifel Nicolaus lifted their price target on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, October 13th. Finally, Evercore ISI upped their price objective on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Onto Innovation Company Profile

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.