Onto Innovation (NYSE:ONTO) Price Target Raised to $275.00

Onto Innovation (NYSE:ONTO) had its price target hoisted by Needham & Company LLC from $260.00 to $275.00 in a research note issued to investors on Friday,Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages have also recently commented on ONTO. Jefferies Financial Group lifted their price target on Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $170.00 to $275.00 in a research note on Monday, February 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, B. Riley Financial boosted their price objective on shares of Onto Innovation from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.50.

Onto Innovation Stock Down 4.4%

Onto Innovation stock opened at $215.44 on Friday. The firm has a fifty day simple moving average of $192.29 and a two-hundred day simple moving average of $150.27. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $232.49. The company has a market capitalization of $10.56 billion, a PE ratio of 77.78, a P/E/G ratio of 1.19 and a beta of 1.49.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The company had revenue of $266.87 million for the quarter, compared to the consensus estimate of $265.78 million. During the same period last year, the business posted $1.51 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, equities analysts expect that Onto Innovation will post 6.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently modified their holdings of ONTO. Wellington Management Group LLP increased its position in shares of Onto Innovation by 1,217.0% during the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after buying an additional 1,292,772 shares during the period. William Blair Investment Management LLC boosted its position in Onto Innovation by 80.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock valued at $256,083,000 after acquiring an additional 882,901 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Onto Innovation by 4,494.6% during the 3rd quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock worth $111,974,000 after acquiring an additional 849,702 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of Onto Innovation by 1,510.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock worth $90,956,000 after acquiring an additional 845,213 shares during the period. Finally, Norges Bank bought a new position in shares of Onto Innovation in the 2nd quarter worth approximately $71,961,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Onto Innovation

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

• Positive Sentiment: Company posted record 2025 revenue, completed the Semilab product‑line acquisition, shipped next‑gen Dragonfly systems and disclosed a major HBM agreement that management says is driving AI/inspection demand. Onto Innovation Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Analyst support: Needham raised its price target to $275 and kept a Buy rating, signaling continued bullish institutional views that could underpin shares over the medium term. Benzinga article
• Neutral Sentiment: Management guided Q1 FY2026 EPS to $1.260–1.360 and revenue to $275–285M, which sits slightly above consensus — that guidance implies margin recovery but leaves room for execution risk. Company press release / guidance
• Neutral Sentiment: Management projects >30% growth in advanced‑packaging sales in 2026 and cites a record backlog tied to AI demand — a positive long‑term growth signal but dependent on sustained end‑market strength. Advanced packaging growth article
• Negative Sentiment: Q4 EPS of $1.26 missed the consensus by $0.02 and fell from $1.51 a year ago — the modest miss and y/y earnings decline are the immediate catalyst for the share pullback. Zacks: ONTO misses Q4 estimates
• Negative Sentiment: Shares are trading with elevated volume into the print and remain at a premium valuation (high P/E), so even small earnings misses or execution risk can trigger outsized moves. Investing.com note

Onto Innovation Company Profile

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.