Onto Innovation Inc. (NYSE:ONTO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Onto Innovation Inc. (NYSE:ONTO) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $165.00.

ONTO has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. B. Riley upped their price target on shares of Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Evercore ISI increased their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Stifel Nicolaus boosted their price objective on shares of Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, October 13th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price objective on shares of Onto Innovation in a report on Tuesday.

Hedge Funds Weigh In On Onto Innovation

Several hedge funds and other institutional investors have recently modified their holdings of ONTO. Wellington Management Group LLP grew its holdings in shares of Onto Innovation by 1,217.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after purchasing an additional 1,292,772 shares during the period. William Blair Investment Management LLC raised its holdings in Onto Innovation by 650.4% in the second quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock valued at $110,908,000 after buying an additional 952,419 shares during the period. Voya Investment Management LLC lifted its position in Onto Innovation by 4,494.6% during the third quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock valued at $111,974,000 after buying an additional 849,702 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Onto Innovation by 1,510.2% during the second quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock worth $90,956,000 after buying an additional 845,213 shares during the period. Finally, Norges Bank acquired a new stake in shares of Onto Innovation in the second quarter worth $71,961,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Stock Up 2.9%

Shares of Onto Innovation stock opened at $156.13 on Friday. Onto Innovation has a fifty-two week low of $85.88 and a fifty-two week high of $228.42. The business’s fifty day moving average is $140.21 and its two-hundred day moving average is $118.86. The firm has a market cap of $7.65 billion, a PE ratio of 44.10, a P/E/G ratio of 1.02 and a beta of 1.48.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The firm had revenue of $218.19 million during the quarter, compared to analyst estimates of $220.23 million. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Equities research analysts anticipate that Onto Innovation will post 6.26 EPS for the current year.

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.