Onto Innovation (NYSE:ONTO) Receives Hold (C) Rating from Weiss Ratings

Onto Innovation (NYSE:ONTO)‘s stock had its “hold (c)” rating reissued by Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Several other analysts have also commented on ONTO. B. Riley raised their price objective on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 10th. Benchmark dropped their target price on Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $170.00 in a research note on Tuesday, September 23rd. Stifel Nicolaus raised their price objective on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 13th. Finally, Oppenheimer boosted their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.57.

Onto Innovation Price Performance

NYSE ONTO opened at $134.73 on Friday. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 0.92 and a beta of 1.61. The company has a fifty day moving average price of $121.32 and a 200-day moving average price of $110.11. Onto Innovation has a 1 year low of $85.88 and a 1 year high of $228.42.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. During the same quarter in the prior year, the business posted $1.32 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, research analysts anticipate that Onto Innovation will post 6.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Onto Innovation

Hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its position in Onto Innovation by 48.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company’s stock worth $156,700,000 after purchasing an additional 421,165 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Onto Innovation by 0.7% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock valued at $112,319,000 after acquiring an additional 7,900 shares during the period. William Blair Investment Management LLC grew its position in Onto Innovation by 650.4% during the 2nd quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock worth $110,908,000 after acquiring an additional 952,419 shares during the last quarter. Geneva Capital Management LLC lifted its stake in shares of Onto Innovation by 6.5% in the 2nd quarter. Geneva Capital Management LLC now owns 1,081,662 shares of the semiconductor company’s stock valued at $109,172,000 after purchasing an additional 66,339 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in Onto Innovation by 1,510.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock worth $90,956,000 after purchasing an additional 845,213 shares in the last quarter. Institutional investors and hedge funds 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.