Onto Innovation (NYSE:ONTO) Stock Price Target Lowered at Morgan Stanley

Onto Innovation (NYSE:ONTO) had its price target decreased by stock analysts at Morgan Stanley from $360.00 to $325.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Morgan Stanley‘s price target indicates a potential upside of 67.26% from the stock’s previous close.

ONTO has been the subject of several other research reports. Stifel Nicolaus lowered their price objective on Onto Innovation from $350.00 to $305.00 and set a “buy” rating for the company in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of Onto Innovation in a research report on Monday, August 17th. They issued a “buy” rating and a $400.00 target price on the stock. Jefferies Financial Group increased their price target on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research lowered shares of Onto Innovation from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Royal Bank Of Canada lowered their price target on shares of Onto Innovation from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Onto Innovation currently has an average rating of “Moderate Buy” and an average price target of $359.09.

Onto Innovation Stock Up 0.1%

Onto Innovation stock traded up $0.27 during trading hours on Tuesday, hitting $194.31. 1,143,681 shares of the stock traded hands, compared to its average volume of 1,061,347. The company has a market cap of $9.53 billion, a PE ratio of 73.06, a PEG ratio of 0.60 and a beta of 1.66. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $252.12 and its two-hundred day moving average price is $259.19. Onto Innovation has a one year low of $121.57 and a one year high of $386.46.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Monday, November 9th. The semiconductor company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.14. The company had revenue of $409.75 million for the quarter, compared to analyst estimates of $392.08 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The firm’s revenue was up 87.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. On average, research analysts forecast that Onto Innovation will post 8.04 EPS for the current year.

Insider Activity at Onto Innovation

In other Onto Innovation news, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director owned 10,692 shares in the company, valued at approximately $3,207,600. The trade was a 15.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan D. Lynch sold 1,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the sale, the director directly owned 2,684 shares in the company, valued at $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently modified their holdings of ONTO. Allworth Financial LP grew its holdings in shares of Onto Innovation by 3.9% in the second quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 37 shares in the last quarter. Everhart Financial Group Inc. raised its stake in Onto Innovation by 6.6% during the third quarter. Everhart Financial Group Inc. now owns 722 shares of the semiconductor company’s stock valued at $222,000 after purchasing an additional 45 shares in the last quarter. Parallel Advisors LLC raised its stake in Onto Innovation by 16.5% during the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 56 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Onto Innovation by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 64 shares during the last quarter. Finally, Highland Investment Advisors LLC bought a new position in Onto Innovation during the second quarter valued at $25,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation News Roundup

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Q3 revenue reached a record $409.75 million, up 87.8% year over year, while EPS of $2.44 exceeded consensus estimates. The company said revenue, operating margin and EPS were above the high end of its prior guidance. Onto Innovation Reports 2026 Third Quarter Results
• Positive Sentiment: Q4 guidance calls for revenue of $430 million–$450 million and EPS of $2.59–$2.79, both above analyst forecasts. A backlog exceeding $1.3 billion and AI-related demand add support to the growth outlook. Onto Innovation outlines Q4 outlook and backlog
• Neutral Sentiment: B. Riley maintained its Buy rating but cut its price target to $285 from $340, reflecting a more cautious target despite continued positive analyst sentiment. B. Riley adjusts price target and maintains Buy rating
• Negative Sentiment: Coverage flags valuation and execution risks: sustaining rapid growth and converting the substantial backlog into results may be important to justify investor expectations. Zacks analysis of ONTO’s results and risks

About Onto Innovation

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects. The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.