B. Riley Has Negative Outlook of Onto Innovation Q2 Earnings

Onto Innovation Inc. (NYSE:ONTO) – Analysts at B. Riley cut their Q2 2025 earnings per share estimates for Onto Innovation in a research note issued on Monday, April 21st. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $1.42 per share for the quarter, down from their prior estimate of $1.48. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share. B. Riley also issued estimates for Onto Innovation’s Q3 2025 earnings at $1.51 EPS, Q4 2025 earnings at $1.60 EPS, FY2025 earnings at $5.99 EPS, Q1 2026 earnings at $1.60 EPS, Q2 2026 earnings at $1.67 EPS, Q3 2026 earnings at $1.77 EPS, Q4 2026 earnings at $1.84 EPS, FY2026 earnings at $6.88 EPS and FY2027 earnings at $7.79 EPS.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%.

Several other equities analysts have also commented on ONTO. Jefferies Financial Group reduced their price target on Onto Innovation from $245.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Stifel Nicolaus reduced their target price on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Onto Innovation currently has an average rating of “Moderate Buy” and an average target price of $218.13.

Onto Innovation Price Performance

Shares of ONTO opened at $114.16 on Tuesday. Onto Innovation has a 12 month low of $98.21 and a 12 month high of $238.93. The stock’s 50-day moving average is $133.60 and its two-hundred day moving average is $167.77. The stock has a market cap of $5.58 billion, a PE ratio of 28.12, a P/E/G ratio of 0.89 and a beta of 1.46.

Hedge Funds Weigh In On Onto Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Onto Innovation during the 4th quarter worth $87,987,000. Artisan Partners Limited Partnership grew its position in shares of Onto Innovation by 41.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company’s stock worth $252,530,000 after acquiring an additional 444,860 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Onto Innovation by 72.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 870,250 shares of the semiconductor company’s stock worth $145,045,000 after acquiring an additional 364,853 shares during the period. Invesco Ltd. increased its holdings in shares of Onto Innovation by 33.9% in the 4th quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company’s stock worth $234,344,000 after acquiring an additional 356,161 shares during the period. Finally, Franklin Resources Inc. lifted its position in Onto Innovation by 21.2% in the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company’s stock valued at $258,883,000 after purchasing an additional 271,470 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Company Profile

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.