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

Shares of Onto Innovation Inc. (NYSE:ONTO) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $252.50.

Several equities analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $170.00 to $275.00 in a report on Monday, February 16th. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Evercore reiterated an “outperform” rating and issued a $250.00 price target on shares of Onto Innovation in a research note on Thursday, February 19th. Finally, B. Riley Financial increased their price objective on shares of Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th.

Hedge Funds Weigh In On Onto Innovation

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of Onto Innovation by 20.6% during the 4th quarter. Parallel Advisors LLC now owns 339 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 58 shares in the last quarter. Root Financial Partners LLC increased its position in Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 74 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Onto Innovation by 1.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,974 shares of the semiconductor company’s stock worth $643,000 after purchasing an additional 75 shares during the last quarter. Amalgamated Bank raised its stake in Onto Innovation by 0.3% during the third quarter. Amalgamated Bank now owns 22,663 shares of the semiconductor company’s stock valued at $2,929,000 after purchasing an additional 79 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its position in Onto Innovation by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 18,880 shares of the semiconductor company’s stock valued at $2,440,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Performance

NYSE ONTO opened at $208.98 on Thursday. The business’s fifty day moving average is $201.89 and its 200 day moving average is $156.14. Onto Innovation has a fifty-two week low of $85.88 and a fifty-two week high of $232.49. The company has a market capitalization of $10.39 billion, a PE ratio of 75.44, a price-to-earnings-growth ratio of 1.09 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.02). Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The company had revenue of $266.87 million during the quarter, compared to the consensus estimate of $265.78 million. During the same period last year, the business earned $1.51 EPS. 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. On average, sell-side analysts forecast that Onto Innovation will post 6.26 EPS for the current year.

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.