Onto Innovation Inc. (NYSE:ONTO) Receives $252.50 Consensus PT from Brokerages

Onto Innovation Inc. (NYSE:ONTO) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $252.50.

ONTO has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $170.00 to $275.00 in a report on Monday, February 16th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Needham & Company LLC upped their target price on shares of Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Oppenheimer reissued an “outperform” rating and issued a $265.00 target price on shares of Onto Innovation in a research note on Friday, February 20th.

Onto Innovation Stock Down 8.7%

Onto Innovation stock opened at $179.70 on Thursday. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 64.87, a PEG ratio of 0.94 and a beta of 1.47. The business has a 50-day simple moving average of $202.94 and a 200 day simple moving average of $157.26. Onto Innovation has a 52 week low of $85.88 and a 52 week high of $232.49.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The business had revenue of $266.87 million during the quarter, compared to analysts’ expectations of $265.78 million. During the same period in the previous year, the business earned $1.51 EPS. The business’s revenue was up 1.1% on a year-over-year basis. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, research analysts anticipate that Onto Innovation will post 6.26 earnings per share for the current year.

Hedge Funds Weigh In On Onto Innovation

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Onto Innovation by 312.5% in the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock worth $500,000 after buying an additional 3,122 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Onto Innovation by 76.4% during the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock worth $58,517,000 after acquiring an additional 208,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Onto Innovation by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock worth $19,810,000 after acquiring an additional 13,175 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Onto Innovation by 34.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 350 shares during the last quarter. Finally, South Dakota Investment Council purchased a new stake in shares of Onto Innovation in the 2nd quarter valued at $1,009,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Company Profile

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.