Q1 Earnings Estimate for Onto Innovation Issued By B. Riley

Onto Innovation Inc. (NYSE:ONTO) – Equities research analysts at B. Riley cut their Q1 2025 earnings per share estimates for shares of Onto Innovation in a research note issued on Monday, April 21st. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings per share of $1.45 for the quarter, down from their prior forecast of $1.47. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%.

ONTO has been the subject of several other research reports. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Oppenheimer cut their target price on shares of Onto Innovation from $240.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Stifel Nicolaus lowered their price objective on Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation currently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Onto Innovation Price Performance

Shares of ONTO stock opened at $120.03 on Wednesday. Onto Innovation has a 1-year low of $98.21 and a 1-year high of $238.93. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 0.89 and a beta of 1.46. The stock has a 50 day simple moving average of $132.46 and a 200-day simple moving average of $167.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Onto Innovation by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,166,137 shares of the semiconductor company’s stock valued at $861,040,000 after purchasing an additional 76,233 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Onto Innovation by 9.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,192,238 shares of the semiconductor company’s stock worth $365,380,000 after acquiring an additional 183,839 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Onto Innovation by 21.2% during the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company’s stock worth $258,883,000 after acquiring an additional 271,470 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Onto Innovation by 41.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company’s stock valued at $252,530,000 after acquiring an additional 444,860 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Onto Innovation by 33.9% in the fourth quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company’s stock valued at $234,344,000 after purchasing an additional 356,161 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

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.