Onto Innovation (NYSE:ONTO) Stock Price Up 7.5% – What’s Next?

Onto Innovation Inc. (NYSE:ONTO) shares shot up 7.5% during trading on Tuesday . The company traded as high as $311.11 and last traded at $313.2860. Approximately 85,643 shares were traded during trading, a decline of 92% from the average session volume of 1,083,103 shares. The stock had previously closed at $291.35.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 price target on the stock. B. Riley Financial restated a “buy” rating on shares of Onto Innovation in a research report on Friday. Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Needham & Company LLC upped their target price on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday. Finally, Oppenheimer lifted their price target on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $378.11.

Onto Innovation Trading Up 6.1%

The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 116.07, a P/E/G ratio of 1.26 and a beta of 1.59. The business has a 50-day simple moving average of $297.77 and a two-hundred day simple moving average of $256.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.24. The firm had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The business’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, research analysts forecast that Onto Innovation Inc. will post 7.13 EPS for the current year.

Institutional Investors Weigh In On Onto Innovation

A number of hedge funds and other institutional investors have recently modified their holdings of ONTO. CoreCap Advisors LLC acquired a new position in shares of Onto Innovation during the 2nd quarter worth approximately $38,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Onto Innovation during the 2nd quarter worth $42,000. Harbor Investment Advisory LLC acquired a new position in Onto Innovation during the second quarter worth about $47,000. Millstone Evans Group LLC lifted its stake in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 99 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings 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 worth $28,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

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.