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

Shares of Onto Innovation Inc. (NYSE:ONTO) have been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $171.25.

ONTO has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Evercore ISI upped their target price on shares of Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Needham & Company LLC increased their price target on shares of Onto Innovation from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 target price on shares of Onto Innovation in a report on Tuesday, December 16th.

Onto Innovation Price Performance

NYSE ONTO opened at $197.04 on Wednesday. The firm has a market capitalization of $9.66 billion, a P/E ratio of 55.66, a P/E/G ratio of 1.07 and a beta of 1.46. Onto Innovation has a 1-year low of $85.88 and a 1-year high of $228.42. The business’s 50-day simple moving average is $153.30 and its 200-day simple moving average is $128.04.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, topping 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 company had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. During the same quarter in the prior year, the business earned $1.34 earnings per share. The company’s 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. On average, equities research analysts expect that Onto Innovation will post 6.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Onto Innovation

Several large investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its holdings in shares of Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 99 shares during the period. Blue Trust Inc. lifted its holdings in Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 268 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in Onto Innovation in the third quarter worth about $37,000. Danske Bank A S acquired a new position in Onto Innovation in the third quarter valued at approximately $39,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Onto Innovation by 76.8% during the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 139 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

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.