FY2025 EPS Estimates for Onto Innovation Lifted by Analyst

Onto Innovation Inc. (NYSE:ONTO) – Investment analysts at Cantor Fitzgerald lifted their FY2025 earnings per share (EPS) estimates for shares of Onto Innovation in a report released on Tuesday, November 18th. Cantor Fitzgerald analyst M. Prisco now forecasts that the semiconductor company will earn $4.98 per share for the year, up from their previous forecast of $4.95. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The company had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. During the same period last year, the business posted $1.34 EPS. The company’s revenue was down 13.5% on a year-over-year basis. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS.

ONTO has been the subject of several other research reports. Jefferies Financial Group upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $170.00 in a research note on Tuesday, September 23rd. Evercore ISI raised their price objective on shares of Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Onto Innovation in a research report on Tuesday. Stifel Nicolaus raised their price target on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 13th. Finally, B. Riley lifted their price target on Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.25.

Onto Innovation Price Performance

NYSE:ONTO opened at $124.21 on Wednesday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The firm’s fifty day moving average price is $130.47 and its 200 day moving average price is $111.36. Onto Innovation has a 1-year low of $85.88 and a 1-year high of $228.42.

Institutional Investors Weigh In On Onto Innovation

Several institutional investors have recently modified their holdings of ONTO. Larson Financial Group LLC increased its stake in Onto Innovation by 3,700.0% in the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 259 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Onto Innovation by 14.6% in the first quarter. Victory Capital Management Inc. now owns 120,830 shares of the semiconductor company’s stock valued at $14,662,000 after purchasing an additional 15,437 shares during the last quarter. Jennison Associates LLC increased its position in shares of Onto Innovation by 2.9% in the first quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company’s stock valued at $381,000 after buying an additional 90 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Onto Innovation by 37.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 19,203 shares of the semiconductor company’s stock worth $2,330,000 after buying an additional 5,234 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Onto Innovation by 29.2% during the 1st quarter. Lindbrook Capital LLC now owns 1,508 shares of the semiconductor company’s stock worth $183,000 after buying an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

About Onto Innovation

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.