Zacks Research Boosts Earnings Estimates for Onto Innovation

Onto Innovation Inc. (NYSE:ONTO) – Investment analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for shares of Onto Innovation in a research report issued to clients and investors on Monday, May 25th. Zacks Research analyst Team now expects that the semiconductor company will earn $1.73 per share for the quarter, up from their prior estimate of $1.35. The consensus estimate for Onto Innovation’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Onto Innovation’s Q4 2026 earnings at $1.98 EPS, FY2026 earnings at $6.78 EPS, Q1 2027 earnings at $1.88 EPS, Q2 2027 earnings at $2.24 EPS, Q3 2027 earnings at $2.27 EPS, Q4 2027 earnings at $2.33 EPS and FY2027 earnings at $8.71 EPS.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The firm had revenue of $291.95 million for the quarter, compared to the consensus estimate of $292.00 million. Onto Innovation had a return on equity of 11.68% and a net margin of 10.32%.The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 EPS.

ONTO has been the topic of several other research reports. Cantor Fitzgerald upped their price target on Onto Innovation from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 6th. Evercore restated an “outperform” rating and issued a $315.00 price target on shares of Onto Innovation in a research note on Friday, April 17th. Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Jefferies Financial Group restated a “buy” rating and issued a $350.00 price target on shares of Onto Innovation in a research note on Wednesday, May 6th. Finally, Needham & Company LLC increased their target price on Onto Innovation from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $310.63.

Onto Innovation Stock Down 2.7%

Onto Innovation stock opened at $266.86 on Thursday. The company has a market capitalization of $13.27 billion, a P/E ratio of 124.70, a PEG ratio of 1.34 and a beta of 1.70. The stock’s 50 day moving average is $254.04 and its 200 day moving average is $206.23. Onto Innovation has a twelve month low of $89.40 and a twelve month high of $316.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. grew its position in Onto Innovation by 100.0% in the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 74 shares during the period. Transamerica Financial Advisors LLC raised its stake in shares of Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 115 shares in the last quarter. Millstone Evans Group LLC raised its stake in shares of Onto Innovation by 147.8% during the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 99 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Onto Innovation by 109.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

More Onto Innovation News

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Zacks Research boosted its FY2026 EPS estimate for Onto Innovation to $6.78 from $5.69, signaling stronger expected profitability over the next year.
• Positive Sentiment: The firm also raised FY2027 EPS to $8.71 from $6.95 and lifted quarterly estimates for Q1, Q2, Q3 and Q4 2027, suggesting continued earnings momentum. MarketBeat ONTO coverage
• Positive Sentiment: Separately, Zacks highlighted Onto Innovation’s forecast for more than 30% revenue growth in 2026, supported by AI-driven demand and new Dragonfly and Atlas systems, which could improve investor confidence in the growth story. Onto Innovation Forecasts 30% Revenue Growth for 2026: Can It Deliver?
• Neutral Sentiment: Some longer-range estimates were mixed, with Zacks trimming Q1 2028 EPS while raising FY2028 EPS to $9.40, indicating analysts remain constructive overall but still see some variability in the distant outlook.
• Neutral Sentiment: Additional coverage in tech-stock roundups and “strong buy” lists may be helping sentiment, but these items are less directly impactful than the earnings revisions.
• Negative Sentiment: One valuation-focused article said Onto Innovation looked overvalued after a recent rally, which could temper enthusiasm if investors become more sensitive to the stock’s rich valuation.

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.