B. Riley Has Negative Outlook of Onto Innovation Q3 Earnings

Onto Innovation Inc. (NYSE:ONTO) – B. Riley dropped their Q3 2025 earnings estimates for Onto Innovation in a report released on Thursday, July 24th. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $1.00 per share for the quarter, down from their previous estimate of $1.14. 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 FY2025 earnings at $5.20 EPS, Q3 2026 earnings at $1.48 EPS, Q4 2026 earnings at $1.51 EPS, FY2026 earnings at $5.90 EPS and FY2027 earnings at $6.62 EPS.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.47 by $0.04. The firm had revenue of $267.00 million during the quarter, compared to the consensus estimate of $267.03 million. Onto Innovation had a net margin of 21.36% and a return on equity of 14.85%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share.

Several other equities analysts also recently commented on the stock. Oppenheimer lowered their price objective on shares of Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Jefferies Financial Group set a $110.00 price target on shares of Onto Innovation and gave the stock a “hold” rating in a research note on Tuesday, May 20th. Needham & Company LLC decreased their price target on shares of Onto Innovation from $230.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Benchmark decreased their price target on shares of Onto Innovation from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, Cantor Fitzgerald decreased their price target on shares of Onto Innovation from $110.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.67.

Onto Innovation Trading Up 1.2%

Shares of NYSE:ONTO opened at $99.43 on Friday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 0.64 and a beta of 1.45. The company has a 50-day moving average price of $97.83 and a 200-day moving average price of $131.11. Onto Innovation has a 12 month low of $85.88 and a 12 month high of $228.42.

Institutional Investors Weigh In On Onto Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Onto Innovation by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,166,137 shares of the semiconductor company’s stock worth $861,040,000 after purchasing an additional 76,233 shares during the period. JPMorgan Chase & Co. grew its holdings in Onto Innovation by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,192,238 shares of the semiconductor company’s stock worth $365,380,000 after purchasing an additional 183,839 shares during the period. Franklin Resources Inc. grew its holdings in Onto Innovation by 21.2% in the fourth quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company’s stock worth $258,883,000 after purchasing an additional 271,470 shares during the period. Artisan Partners Limited Partnership grew its holdings in Onto Innovation by 41.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company’s stock worth $252,530,000 after purchasing an additional 444,860 shares during the period. Finally, Invesco Ltd. grew its holdings in Onto Innovation by 33.9% in the fourth quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company’s stock worth $234,344,000 after purchasing an additional 356,161 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

About Onto Innovation

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.