Onto Innovation Inc. (NYSE:ONTO) Stock Rated “Buy” by Wall Street Analysts

Shares of Onto Innovation Inc. (NYSE:ONTO) have been given an average rating of “Buy” by the thirteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $378.00.

A number of equities research analysts recently weighed in on the company. Oppenheimer raised their price target on Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Jefferies Financial Group raised their target price on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Morgan Stanley cut their price target on Onto Innovation from $383.00 to $360.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. Needham & Company LLC boosted their target price on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Evercore restated an “outperform” rating and set a $390.00 target price on shares of Onto Innovation in a research report on Friday, August 7th.

Onto Innovation Trading Up 2.9%

Shares of ONTO opened at $287.82 on Monday. Onto Innovation has a 1 year low of $118.97 and a 1 year high of $386.46. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $280.47 and a 200-day simple moving average of $273.86. The stock has a market cap of $14.12 billion, a PE ratio of 108.20, a PEG ratio of 0.91 and a beta of 1.59.

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

Insider Buying and Selling at Onto Innovation

In other news, Director Susan Lynch sold 1,000 shares of the firm’s 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 transaction, the director directly owned 2,684 shares in the company, valued at $811,373.20. This trade represents a 27.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Onto Innovation

Several large investors have recently modified their holdings of ONTO. QRG Capital Management Inc. boosted its position in Onto Innovation by 21.9% during the 2nd quarter. QRG Capital Management Inc. now owns 1,202 shares of the semiconductor company’s stock worth $455,000 after acquiring an additional 216 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Onto Innovation by 14.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,878 shares of the semiconductor company’s stock worth $8,280,000 after buying an additional 2,702 shares during the period. Baird Financial Group Inc. increased its stake in Onto Innovation by 8.5% during the 2nd quarter. Baird Financial Group Inc. now owns 66,489 shares of the semiconductor company’s stock worth $25,163,000 after acquiring an additional 5,227 shares during the period. Allworth Financial LP lifted its holdings in shares of Onto Innovation by 3.9% during the 2nd quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 37 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Onto Innovation by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 13,726 shares of the semiconductor company’s stock valued at $5,195,000 after purchasing an additional 258 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

About Onto Innovation

Onto Innovation Inc (NYSE:ONTO) develops process control, inspection, metrology and lithography systems used in the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and improve processes throughout wafer fabrication, packaging and other stages of production.

The company’s products include optical metrology systems, wafer and macro-defect inspection tools, three-dimensional metrology solutions, lithography systems and process-control software.