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

Shares of Onto Innovation Inc. (NYSE:ONTO) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $252.50.

Several equities research analysts recently issued reports on ONTO shares. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Oppenheimer reissued an “outperform” rating and issued a $265.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. Needham & Company LLC raised their target price on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Stifel Nicolaus set a $220.00 target price on Onto Innovation in a research report on Friday, February 20th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $300.00 price target on shares of Onto Innovation in a report on Friday, February 20th.

Onto Innovation Stock Down 0.1%

Shares of NYSE:ONTO opened at $204.12 on Monday. Onto Innovation has a 52-week low of $85.88 and a 52-week high of $232.49. The company has a 50 day moving average of $208.21 and a two-hundred day moving average of $167.66. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 73.69, a price-to-earnings-growth ratio of 1.06 and a beta of 1.47.

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

Hedge Funds Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP grew 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 worth $180,778,000 after buying an additional 1,292,772 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Onto Innovation by 80.3% in the third 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 boosted its stake in 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 valued at $111,974,000 after acquiring an additional 849,702 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in 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 valued at $90,956,000 after acquiring an additional 845,213 shares during the last quarter. Finally, Norges Bank acquired a new position in Onto Innovation during the 2nd quarter worth $71,961,000. 98.35% of the stock is currently owned by hedge funds and other 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.