Onto Innovation (NYSE:ONTO) Releases Earnings Results, Beats Estimates By $0.03 EPS

Onto Innovation (NYSE:ONTO) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03, Zacks reports. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%. Onto Innovation updated its Q4 2025 guidance to 1.180-1.330 EPS.

Onto Innovation Price Performance

ONTO stock traded down $4.29 during mid-day trading on Thursday, reaching $131.47. 1,718,022 shares of the company’s stock were exchanged, compared to its average volume of 1,271,398. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The stock’s 50 day moving average is $125.49 and its 200 day moving average is $110.74. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $228.42.

Hedge Funds Weigh In On Onto Innovation

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in Onto Innovation by 206.9% during the second quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 389 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Onto Innovation by 56.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 393 shares in the last quarter. Captrust Financial Advisors boosted its position in Onto Innovation by 6.3% during the second quarter. Captrust Financial Advisors now owns 3,678 shares of the semiconductor company’s stock worth $371,000 after purchasing an additional 217 shares in the last quarter. Teza Capital Management LLC purchased a new position in Onto Innovation during the second quarter worth approximately $371,000. Finally, Cetera Investment Advisers boosted its position in Onto Innovation by 6.3% during the second quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. B. Riley increased their price objective on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Oppenheimer upped their target price on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Jefferies Financial Group upgraded 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 note on Tuesday, September 23rd. Finally, Evercore ISI upped their target price on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

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.