Onto Innovation FY2028 EPS Estimate Raised by Zacks Research

Onto Innovation Inc. (NYSE:ONTO) – Stock analysts at Zacks Research boosted their FY2028 EPS estimates for shares of Onto Innovation in a report released on Wednesday, July 15th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings of $9.44 per share for the year, up from their previous estimate of $9.40. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $7.14 per share.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results 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 net margin of 10.32% and a return on equity of 11.68%. The firm had revenue of $291.95 million during the quarter, compared to analysts’ expectations of $292.00 million. During the same quarter last year, the company earned $1.51 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year.

A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Evercore reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Onto Innovation in a research note on Friday, April 17th. Needham & Company LLC upped their price objective on shares of Onto Innovation from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald raised their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, Oppenheimer lifted their target price on shares of Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of “Buy” and an average price target of $339.60.

Onto Innovation Stock Performance

Shares of NYSE ONTO opened at $305.02 on Thursday. Onto Innovation has a 52-week low of $89.40 and a 52-week high of $386.46. The business has a fifty day moving average of $295.44 and a two-hundred day moving average of $245.67. The stock has a market cap of $15.17 billion, a PE ratio of 142.54, a PEG ratio of 1.30 and a beta of 1.55.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings 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 purchasing an additional 56 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Onto Innovation by 4.9% in the first quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 64 shares during the period. Root Financial Partners LLC lifted its holdings in Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the period. Smartleaf Asset Management LLC boosted its stake in Onto Innovation by 8.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock valued at $186,000 after acquiring an additional 92 shares during the last quarter. Finally, Millstone Evans Group LLC boosted its stake in Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

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.