Onto Innovation Inc. (NYSE:ONTO) Stock Has Consensus Price Target of $380.00

Shares of Onto Innovation Inc. (NYSE:ONTO) have received a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $380.00.

Several research firms recently weighed in on ONTO. The Goldman Sachs Group initiated coverage on Onto Innovation in a report on Monday, August 17th. They set a “buy” rating and a $400.00 price target on the stock. Evercore reaffirmed an “outperform” rating and set a $390.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Cantor Fitzgerald boosted their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th.

Onto Innovation Trading Down 0.3%

Shares of ONTO stock opened at $220.13 on Friday. Onto Innovation has a 1 year low of $118.97 and a 1 year high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The stock’s 50 day simple moving average is $285.01 and its two-hundred day simple moving average is $283.56. The company has a market cap of $10.80 billion, a PE ratio of 82.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.58.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.24. The business had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Research analysts predict that Onto Innovation will post 8.04 earnings per share for the current year.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the 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 sale, the director 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owned 10,692 shares in the company, valued at $3,207,600. This represents a 15.76% 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. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Onto Innovation

A number of large investors have recently bought and sold shares of the business. Allworth Financial LP increased its position in shares of Onto Innovation by 3.9% in the 2nd quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock valued at $374,000 after acquiring an additional 37 shares during the period. Everhart Financial Group Inc. lifted its position in Onto Innovation by 6.6% during the 3rd quarter. Everhart Financial Group Inc. now owns 722 shares of the semiconductor company’s stock worth $222,000 after acquiring an additional 45 shares during the period. Parallel Advisors LLC lifted its position in Onto Innovation by 16.5% during the 1st quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock worth $81,000 after acquiring an additional 56 shares during the period. Kestra Advisory Services LLC lifted its position in Onto Innovation by 4.9% during the 1st quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock worth $281,000 after acquiring an additional 64 shares during the period. Finally, Highland Investment Advisors LLC purchased a new stake in Onto Innovation during the 2nd quarter valued at about $25,000. Institutional investors own 98.35% of the company’s stock.

About Onto Innovation

Onto Innovation Inc (NYSE: ONTO) develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.

The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.