Onto Innovation Inc. (NYSE:ONTO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Onto Innovation Inc. (NYSE:ONTO) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $165.00.

ONTO has been the topic of a number of research reports. Oppenheimer upped their price target on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 price target on shares of Onto Innovation in a research report on Tuesday. B. Riley boosted their price objective on shares of Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Onto Innovation in a research note on Tuesday, November 18th.

Onto Innovation Stock Performance

Onto Innovation stock opened at $156.13 on Friday. The company has a market cap of $7.65 billion, a P/E ratio of 44.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. Onto Innovation has a one year low of $85.88 and a one year high of $228.42. The business has a fifty day moving average of $140.21 and a two-hundred day moving average of $118.86.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The business’s revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Sell-side analysts predict that Onto Innovation will post 6.26 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in Onto Innovation by 1,217.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after buying an additional 1,292,772 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Onto Innovation by 650.4% in the second quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock valued at $110,908,000 after acquiring an additional 952,419 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Onto Innovation by 4,494.6% during the third quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock valued at $111,974,000 after acquiring an additional 849,702 shares during the last quarter. Qube Research & Technologies Ltd increased its position 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. Finally, Norges Bank acquired a new position in Onto Innovation in the 2nd quarter valued at about $71,961,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.