Brokerages Set Onto Innovation Inc. (NYSE:ONTO) PT at $137.86

Shares of Onto Innovation Inc. (NYSE:ONTO) have earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $137.8571.

A number of research analysts have commented on the company. Wall Street Zen upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research note on Saturday, May 17th. Needham & Company LLC decreased their price target on Onto Innovation from $230.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the stock a “hold” rating in a report on Tuesday, May 20th. Oppenheimer cut their price target on Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Finally, Cantor Fitzgerald cut their price target on Onto Innovation from $110.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, June 24th.

Institutional Trading of Onto Innovation

Institutional investors and hedge funds have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in Onto Innovation by 177.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 151 shares during the period. Banque Cantonale Vaudoise bought a new stake in Onto Innovation in the first quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Onto Innovation by 79.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 108 shares during the period. Larson Financial Group LLC grew its position in Onto Innovation by 3,700.0% in the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 259 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in Onto Innovation in the fourth quarter valued at $38,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Down 0.4%

Shares of Onto Innovation stock opened at $105.4610 on Friday. The stock’s fifty day moving average is $100.22 and its 200-day moving average is $117.88. The firm has a market capitalization of $5.17 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $228.42.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business had revenue of $253.60 million for the quarter, compared to analysts’ expectations of $250.56 million. During the same quarter in the prior year, the firm posted $1.32 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Analysts expect that Onto Innovation will post 6.26 EPS for the current year.

Onto Innovation Company Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.