Cantor Fitzgerald Predicts Onto Innovation FY2025 Earnings

Onto Innovation Inc. (NYSE:ONTOFree Report) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Onto Innovation in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst M. Prisco expects that the semiconductor company will post earnings of $6.55 per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $250.00 price objective on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $5.22 per share.

Several other analysts have also recently commented on ONTO. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, November 1st. Needham & Company LLC decreased their price target on shares of Onto Innovation from $245.00 to $230.00 and set a “buy” rating for the company in a report on Friday, November 1st. Jefferies Financial Group decreased their price target on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Oppenheimer reissued an “outperform” rating and issued a $275.00 price target on shares of Onto Innovation in a report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.75.

View Our Latest Stock Analysis on Onto Innovation

Onto Innovation Price Performance

ONTO stock opened at $224.76 on Wednesday. The company has a 50 day moving average price of $175.80 and a 200 day moving average price of $191.58. Onto Innovation has a fifty-two week low of $145.15 and a fifty-two week high of $238.93. The stock has a market capitalization of $11.10 billion, a PE ratio of 60.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29.

Onto Innovation (NYSE:ONTOGet Free Report) last posted its earnings results on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. The company had revenue of $252.20 million during the quarter, compared to analysts’ expectations of $250.85 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. Onto Innovation’s quarterly revenue was up 21.7% compared to the same quarter last year.

Institutional Investors Weigh In On Onto Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its stake in Onto Innovation by 304.9% in the second quarter. Millennium Management LLC now owns 447,844 shares of the semiconductor company’s stock valued at $98,329,000 after acquiring an additional 337,250 shares during the last quarter. Congress Asset Management Co. increased its stake in Onto Innovation by 38.1% in the third quarter. Congress Asset Management Co. now owns 1,072,796 shares of the semiconductor company’s stock valued at $222,670,000 after acquiring an additional 295,869 shares during the last quarter. Citigroup Inc. increased its stake in Onto Innovation by 811.7% in the third quarter. Citigroup Inc. now owns 319,116 shares of the semiconductor company’s stock valued at $66,236,000 after acquiring an additional 284,115 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Onto Innovation by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock valued at $416,863,000 after acquiring an additional 228,800 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Onto Innovation by 1,296.7% during the third quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock worth $45,079,000 after buying an additional 201,640 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the sale, the senior vice president now directly owns 15,223 shares in the company, valued at $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the sale, the chief executive officer now owns 215,492 shares of the company’s stock, valued at $43,139,343.48. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,827 shares of company stock worth $18,182,185. Insiders own 0.72% of the company’s stock.

About Onto Innovation

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Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.

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Earnings History and Estimates for Onto Innovation (NYSE:ONTO)

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