Brokerages Set Onto Innovation Inc. (NYSE:ONTO) PT at $146.43

Onto Innovation Inc. (NYSE:ONTO) has been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $146.4286.

Several analysts have recently weighed in on the stock. Cantor Fitzgerald dropped their price objective on shares of Onto Innovation from $110.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, June 24th. Benchmark dropped their price objective on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. B. Riley lowered their price target on shares of Onto Innovation from $160.00 to $145.00 and set a “buy” rating for the company in a report on Friday, August 8th. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and raised their price target for the company from $100.00 to $170.00 in a report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday.

Institutional Trading of Onto Innovation

Hedge funds and other institutional investors have recently modified their holdings of the stock. Concurrent Investment Advisors LLC acquired a new stake in shares of Onto Innovation in the first quarter valued at approximately $217,000. GAMMA Investing LLC increased its holdings in shares of Onto Innovation by 75.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 458 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Onto Innovation in the first quarter valued at approximately $420,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Onto Innovation by 16.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company’s stock valued at $875,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Onto Innovation by 63.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after acquiring an additional 9,324 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Trading Up 2.9%

NYSE ONTO opened at $139.08 on Monday. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 0.92 and a beta of 1.61. The company has a 50 day moving average of $113.83 and a 200-day moving average of $109.24. Onto Innovation has a 1-year low of $85.88 and a 1-year high of $228.42.

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