Analysts Set Onto Innovation Inc. (NYSE:ONTO) Target Price at $148.57

Onto Innovation Inc. (NYSE:ONTO) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $150.00.

A number of brokerages recently weighed in on ONTO. B. Riley boosted their price target on shares of Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Oppenheimer increased their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Stifel Nicolaus increased their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 13th. Evercore ISI restated an “outperform” rating and set a $160.00 target price on shares of Onto Innovation in a research report on Tuesday. Finally, Jefferies Financial Group upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating and upped their target price for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd.

Onto Innovation Trading Down 2.0%

Onto Innovation stock opened at $129.09 on Friday. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $228.42. The stock’s fifty day simple moving average is $124.94 and its 200-day simple moving average is $110.57. The firm has a market capitalization of $6.33 billion, a P/E ratio of 31.95, a P/E/G ratio of 0.94 and a beta of 1.61.

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 analysts’ consensus estimates of $1.27 by ($0.02). The company had revenue of $253.60 million for the quarter, compared to analysts’ expectations of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Sell-side analysts predict that Onto Innovation will post 6.26 earnings per share for the current year.

Institutional Trading of Onto Innovation

Several large investors have recently modified their holdings of ONTO. GAMMA Investing LLC grew its position 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 during the last quarter. Huntleigh Advisors Inc. grew its position in shares of Onto Innovation by 6.0% in the first quarter. Huntleigh Advisors Inc. now owns 5,279 shares of the semiconductor company’s stock valued at $641,000 after purchasing an additional 300 shares during the last quarter. VELA Investment Management LLC grew its position in shares of Onto Innovation by 102.5% in the first quarter. VELA Investment Management LLC now owns 9,408 shares of the semiconductor company’s stock valued at $1,142,000 after purchasing an additional 4,763 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Onto Innovation in the first quarter valued at approximately $217,000. Finally, Penserra Capital Management LLC grew its position in shares of Onto Innovation by 41.2% in the first quarter. Penserra Capital Management LLC now owns 115,417 shares of the semiconductor company’s stock valued at $14,004,000 after purchasing an additional 33,696 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

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.