Onto Innovation (NYSE:ONTO) Stock Price Target Lowered at Freedom Broker

Onto Innovation (NYSE:ONTO) had its target price cut by stock analysts at Freedom Broker from $410.00 to $325.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Freedom Broker‘s price target suggests a potential upside of 50.43% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Morgan Stanley cut their target price on shares of Onto Innovation from $360.00 to $325.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore began coverage on shares of Onto Innovation in a research note on Tuesday. They set a “strong-buy” rating on the stock. B. Riley Financial lowered their price target on shares of Onto Innovation from $340.00 to $285.00 and set a “buy” rating for the company in a report on Monday. Finally, The Goldman Sachs Group started coverage on Onto Innovation in a research note on Monday, August 17th. They issued a “buy” rating and a $400.00 price target for the company. Two analysts have 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 MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $352.08.

Onto Innovation Price Performance

NYSE ONTO traded up $18.53 during trading on Wednesday, hitting $216.04. 1,023,862 shares of the company’s stock were exchanged, compared to its average volume of 1,064,962. 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 company has a market cap of $10.60 billion, a PE ratio of 71.14, a P/E/G ratio of 0.63 and a beta of 1.66. Onto Innovation has a fifty-two week low of $121.57 and a fifty-two week high of $386.46. The stock’s 50 day moving average price is $250.73 and its two-hundred day moving average price is $259.12.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Monday, November 9th. The semiconductor company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.14. Onto Innovation had a net margin of 11.53% and a return on equity of 17.03%. The company had revenue of $409.75 million for the quarter, compared to the consensus estimate of $392.08 million. During the same period last year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 87.8% compared to the same quarter last year. Research analysts expect that Onto Innovation will post 8.04 EPS for the current year.

Insider Activity

In related news, Director David Miller sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the director owned 10,692 shares in the company, valued at $3,207,600. This trade represents a 15.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in ONTO. Advisors Asset Management Inc. acquired a new position in Onto Innovation in the 3rd quarter valued at approximately $844,000. Private Advisor Group LLC lifted its holdings in shares of Onto Innovation by 87.8% during the third quarter. Private Advisor Group LLC now owns 1,632 shares of the semiconductor company’s stock worth $502,000 after purchasing an additional 763 shares during the period. Independent Advisor Alliance lifted its holdings in shares of Onto Innovation by 4.8% during the third quarter. Independent Advisor Alliance now owns 2,084 shares of the semiconductor company’s stock worth $613,000 after purchasing an additional 96 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Onto Innovation by 12.6% during the third quarter. Stephens Investment Management Group LLC now owns 208,900 shares of the semiconductor company’s stock worth $64,304,000 after purchasing an additional 23,423 shares during the period. Finally, Brilliance Asset Management Ltd. bought a new stake in shares of Onto Innovation in the third quarter worth $698,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Top Onto Innovation Stories

Investors following ONTO have been watching these stories:

• Positive Sentiment: Onto reported third-quarter EPS of $2.44, above the roughly $2.30 consensus, and revenue of $409.75 million versus expectations of about $392 million. Revenue rose 87.8% year over year, with the company citing record quarterly results. Onto Innovation Reports 2026 Third Quarter Results
• Positive Sentiment: Fourth-quarter guidance also exceeded consensus: Onto forecast revenue of $430 million–$450 million and EPS of $2.59–$2.79, compared with estimates of $409.5 million and $2.47. Its reported backlog of more than $1.3 billion adds visibility to demand. Onto Innovation outlines Q4 outlook and backlog
• Positive Sentiment: Evercore initiated coverage with a “strong buy” rating, adding another bullish analyst view. Evercore ratings

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.