Onto Innovation (NYSE:ONTO) Price Target Raised to $180.00 at Stifel Nicolaus

Onto Innovation (NYSE:ONTO) had its price objective increased by Stifel Nicolaus from $126.00 to $180.00 in a research note published on Wednesday morning, Marketbeat reports. Stifel Nicolaus currently has a hold rating on the semiconductor company’s stock.

Other analysts have also recently issued reports about the company. B. Riley raised their price target on Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Needham & Company LLC increased their price objective on Onto Innovation from $150.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 target price on shares of Onto Innovation in a research note on Tuesday, December 16th. Evercore ISI upped their price target on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.75.

Onto Innovation Stock Performance

ONTO stock opened at $202.44 on Wednesday. The company’s 50 day moving average price is $154.64 and its 200 day moving average price is $128.56. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 57.19, a PEG ratio of 1.11 and a beta of 1.46. Onto Innovation has a fifty-two week low of $85.88 and a fifty-two week high of $228.42.

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

Institutional Investors Weigh In On Onto Innovation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Onto Innovation by 5.5% in the third quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock valued at $732,342,000 after acquiring an additional 294,393 shares during the period. William Blair Investment Management LLC raised its position in Onto Innovation by 80.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock valued at $256,083,000 after purchasing an additional 882,901 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 worth $180,778,000 after purchasing an additional 1,292,772 shares during the period. Franklin Resources Inc. grew its position in Onto Innovation by 65.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,114,501 shares of the semiconductor company’s stock worth $144,016,000 after purchasing an additional 440,035 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY grew its position in Onto Innovation by 0.7% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock worth $112,319,000 after purchasing an additional 7,900 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

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.