Onto Innovation Q2 EPS Forecast Lifted by Zacks Research

Onto Innovation Inc. (NYSE:ONTO) – Zacks Research boosted their Q2 2026 earnings per share (EPS) estimates for Onto Innovation in a report issued on Monday, May 25th. Zacks Research analyst Team now expects that the semiconductor company will post earnings per share of $1.65 for the quarter, up from their prior estimate of $1.46. The consensus estimate for Onto Innovation’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Onto Innovation’s Q1 2028 earnings at $1.99 EPS and FY2028 earnings at $9.40 EPS.

Several other equities research analysts have also recently issued reports on ONTO. Oppenheimer set a $370.00 price objective on shares of Onto Innovation in a research report on Wednesday, May 6th. Needham & Company LLC lifted their price target on shares of Onto Innovation from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Evercore reiterated an “outperform” rating and set a $315.00 price target on shares of Onto Innovation in a research report on Friday, April 17th. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price target on shares of Onto Innovation in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald lifted their price objective on shares of Onto Innovation from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of “Buy” and an average price target of $310.63.

Onto Innovation Trading Up 4.6%

Onto Innovation stock opened at $274.27 on Wednesday. Onto Innovation has a 12-month low of $89.40 and a 12-month high of $316.00. The stock has a market cap of $13.64 billion, a P/E ratio of 128.16, a PEG ratio of 1.28 and a beta of 1.70. The company has a 50-day moving average price of $252.60 and a 200 day moving average price of $205.27.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Onto Innovation had a return on equity of 11.68% and a net margin of 10.32%.The firm had revenue of $291.95 million for the quarter, compared to the consensus estimate of $292.00 million. During the same quarter last year, the business posted $1.51 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ONTO. Wellington Management Group LLP lifted its stake in Onto Innovation by 1,217.0% in the third 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 during the last quarter. William Blair Investment Management LLC lifted its stake in Onto Innovation by 80.3% in the third 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 during the last quarter. Norges Bank purchased a new position in Onto Innovation in the fourth quarter worth approximately $104,938,000. Jennison Associates LLC lifted its stake in Onto Innovation by 1,293.5% in the fourth quarter. Jennison Associates LLC now owns 680,822 shares of the semiconductor company’s stock worth $107,475,000 after acquiring an additional 631,965 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Onto Innovation by 315.8% in the fourth quarter. AQR Capital Management LLC now owns 615,651 shares of the semiconductor company’s stock worth $97,187,000 after acquiring an additional 467,587 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

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.