Onto Innovation Inc. (NYSE:ONTO) Receives $151.25 Average PT from Analysts

Shares of Onto Innovation Inc. (NYSE:ONTO) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $151.25.

A number of equities research analysts have commented on the company. Jefferies Financial Group upgraded Onto Innovation from a “hold” rating to a “buy” rating and lifted their target price for the company from $100.00 to $170.00 in a research report on Tuesday, September 23rd. B. Riley boosted their price objective on shares of Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Benchmark lowered their target price on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Oppenheimer lifted their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th.

Onto Innovation Price Performance

Shares of ONTO stock opened at $140.77 on Tuesday. The company has a market capitalization of $6.90 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The firm’s 50-day moving average is $133.12 and its two-hundred day moving average is $112.22. Onto Innovation has a 12 month low of $85.88 and a 12 month high of $228.42.

Onto Innovation (NYSE:ONTO) last posted its quarterly 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. The business had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Sell-side analysts forecast that Onto Innovation will post 6.26 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Onto Innovation in the 1st quarter valued at $2,815,000. HB Wealth Management LLC increased its stake in Onto Innovation by 45.7% during the first quarter. HB Wealth Management LLC now owns 1,899 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 596 shares during the period. FourThought Financial Partners LLC purchased a new stake in Onto Innovation during the first quarter worth about $201,000. LPL Financial LLC lifted its position in shares of Onto Innovation by 20.1% during the first quarter. LPL Financial LLC now owns 42,849 shares of the semiconductor company’s stock worth $4,989,000 after purchasing an additional 7,177 shares in the last quarter. Finally, First National Advisers LLC purchased a new position in shares of Onto Innovation in the first quarter valued at approximately $336,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

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.