Royal Bank Of Canada Issues Pessimistic Forecast for Onto Innovation (NYSE:ONTO) Stock Price

Onto Innovation (NYSE:ONTO) had its target price cut by stock analysts at Royal Bank Of Canada from $400.00 to $350.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Royal Bank Of Canada‘s target price would suggest a potential upside of 77.27% from the stock’s previous close.

ONTO has been the subject of a number of other research reports. The Goldman Sachs Group began coverage on Onto Innovation in a report on Monday, August 17th. They set a “buy” rating and a $400.00 target price for the company. Morgan Stanley cut their price target on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating on the stock in a report on Tuesday, September 8th. Stifel Nicolaus reduced their price objective on shares of Onto Innovation from $350.00 to $305.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC dropped their target price on shares of Onto Innovation from $360.00 to $285.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Zacks Research cut shares of Onto Innovation from a “strong-buy” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $362.27.

Onto Innovation Trading Up 1.7%

Shares of NYSE ONTO traded up $3.39 during trading hours on Tuesday, hitting $197.43. The company’s stock had a trading volume of 964,192 shares, compared to its average volume of 1,060,210. Onto Innovation has a 12 month low of $121.57 and a 12 month high of $386.46. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 74.45, a P/E/G ratio of 0.60 and a beta of 1.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The business has a 50-day simple moving average of $252.12 and a 200-day simple moving average of $259.19.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Monday, November 9th. The semiconductor company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.14. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The business had revenue of $409.75 million during the quarter, compared to analyst estimates of $392.08 million. During the same quarter in the prior year, the company posted $0.92 EPS. Onto Innovation’s quarterly revenue was up 87.8% compared to the same quarter last year. On average, analysts anticipate that Onto Innovation will post 8.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, Director David Miller sold 2,000 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the director owned 10,692 shares in the company, valued at approximately $3,207,600. This represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan Lynch sold 1,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the sale, the director owned 2,684 shares in the company, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Onto Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of ONTO. Brilliance Asset Management Ltd. purchased a new position in shares of Onto Innovation in the 3rd quarter worth approximately $698,000. HighTower Advisors LLC raised its holdings in Onto Innovation by 9.7% during the 3rd quarter. HighTower Advisors LLC now owns 4,470 shares of the semiconductor company’s stock valued at $1,376,000 after buying an additional 397 shares during the period. Morse Asset Management Inc lifted its position in Onto Innovation by 90.4% in the third quarter. Morse Asset Management Inc now owns 790 shares of the semiconductor company’s stock worth $243,000 after buying an additional 375 shares during the last quarter. Royce & Associates LP lifted its position in Onto Innovation by 6.0% in the third quarter. Royce & Associates LP now owns 303,255 shares of the semiconductor company’s stock worth $93,348,000 after buying an additional 17,168 shares during the last quarter. Finally, Phoenix Financial Ltd. boosted its stake in Onto Innovation by 12.0% during the third quarter. Phoenix Financial Ltd. now owns 450,163 shares of the semiconductor company’s stock worth $138,569,000 after buying an additional 48,350 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation News Summary

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

• Positive Sentiment: Q3 revenue reached a record $409.75 million, up 87.8% year over year, while EPS of $2.44 exceeded consensus estimates. The company said revenue, operating margin and EPS were above the high end of its prior guidance. Onto Innovation Reports 2026 Third Quarter Results
• Positive Sentiment: Q4 guidance calls for revenue of $430 million–$450 million and EPS of $2.59–$2.79, both above analyst forecasts. A backlog exceeding $1.3 billion and AI-related demand add support to the growth outlook. Onto Innovation outlines Q4 outlook and backlog
• Neutral Sentiment: B. Riley maintained its Buy rating but cut its price target to $285 from $340, reflecting a more cautious target despite continued positive analyst sentiment. B. Riley adjusts price target and maintains Buy rating
• Negative Sentiment: Coverage flags valuation and execution risks: sustaining rapid growth and converting the substantial backlog into results may be important to justify investor expectations. Zacks analysis of ONTO’s results and risks

About Onto Innovation

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects.

The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.

Onto Innovation was formed in 2019 through the merger of Nanometrics and Rudolph Technologies.