Onto Innovation Inc. (NYSE:ONTO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Onto Innovation Inc. (NYSE:ONTO) have been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $300.6250.

A number of analysts have commented on ONTO shares. Evercore restated an “outperform” rating and set a $315.00 price target on shares of Onto Innovation in a research note on Friday, April 17th. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. B. Riley Financial boosted their price target on shares of Onto Innovation from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Needham & Company LLC upped their target price on shares of Onto Innovation from $275.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 target price on shares of Onto Innovation in a research note on Friday, February 20th.

Institutional Trading of Onto Innovation

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Onto Innovation by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock worth $732,342,000 after acquiring an additional 294,393 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Onto Innovation by 80.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock worth $256,083,000 after acquiring an additional 882,901 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Onto Innovation by 1,217.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after acquiring an additional 1,292,772 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Onto Innovation by 21.4% in the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock worth $213,585,000 after acquiring an additional 238,500 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Onto Innovation by 45.4% in the 4th quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock worth $178,024,000 after acquiring an additional 352,316 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Trading Up 3.7%

Shares of ONTO stock opened at $294.98 on Friday. The firm has a market capitalization of $14.67 billion, a PE ratio of 106.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.47. The firm has a fifty day simple moving average of $230.54 and a two-hundred day simple moving average of $188.68. Onto Innovation has a 12 month low of $85.88 and a 12 month high of $316.00.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). The business had revenue of $266.87 million for the quarter, compared to the consensus estimate of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.51 EPS. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, equities analysts predict that Onto Innovation will post 6.72 earnings per share for the current fiscal year.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.