Onto Innovation (NYSE:ONTO) Shares Gap Up Following Analyst Upgrade

Onto Innovation Inc. (NYSE:ONTO)’s share price gapped up prior to trading on Thursday after B. Riley raised their price target on the stock from $180.00 to $240.00. The stock had previously closed at $202.21, but opened at $219.30. B. Riley currently has a buy rating on the stock. Onto Innovation shares last traded at $220.9320, with a volume of 197,937 shares trading hands.

A number of other research firms have also recently commented on ONTO. Needham & Company LLC boosted their price objective on Onto Innovation from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Evercore ISI boosted their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Finally, Oppenheimer boosted their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $186.25.

Institutional Trading of Onto Innovation

Several large investors have recently bought and sold shares of the business. Westside Investment Management Inc. increased its holdings in shares of Onto Innovation by 100.0% in the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 268 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of Onto Innovation during the 3rd quarter worth $37,000. Danske Bank A S purchased a new position in shares of Onto Innovation during the 3rd quarter worth $39,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Onto Innovation by 76.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Performance

The firm’s 50-day moving average price is $156.36 and its two-hundred day moving average price is $129.18. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 61.50, a PEG ratio of 1.12 and a beta of 1.46.

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

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.