Q1 Earnings Estimate for Onto Innovation Issued By B. Riley

Onto Innovation Inc. (NYSE:ONTO) – Equities research analysts at B. Riley reduced their Q1 2025 earnings per share estimates for Onto Innovation in a report issued on Monday, April 21st. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $1.45 for the quarter, down from their previous estimate of $1.47. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share.

Several other equities research analysts have also commented on the stock. StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of Onto Innovation in a report on Friday, February 7th. Oppenheimer cut their price target on Onto Innovation from $240.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Stifel Nicolaus decreased their price objective on Onto Innovation from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $218.13.

Onto Innovation Trading Up 5.1 %

Shares of Onto Innovation stock opened at $120.03 on Wednesday. The stock’s fifty day moving average price is $132.46 and its 200-day moving average price is $167.44. The firm has a market cap of $5.86 billion, a P/E ratio of 29.56, a P/E/G ratio of 0.89 and a beta of 1.46. Onto Innovation has a 12 month low of $98.21 and a 12 month high of $238.93.

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

Institutional Trading of Onto Innovation

Several large investors have recently bought and sold shares of ONTO. Kestra Investment Management LLC purchased a new stake in Onto Innovation in the fourth quarter valued at approximately $26,000. Mather Group LLC. boosted its holdings in Onto Innovation by 209.4% in the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Onto Innovation by 177.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 151 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Onto Innovation during the 4th quarter valued at about $38,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Onto Innovation by 532.4% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 197 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

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.