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

Onto Innovation Inc. (NYSE:ONTO) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $252.50.

Several brokerages have recently issued reports on ONTO. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 price target on shares of Onto Innovation in a report on Friday, February 20th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Evercore reissued an “outperform” rating and issued a $250.00 target price on shares of Onto Innovation in a report on Thursday, February 19th. Needham & Company LLC boosted their price target on Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, B. Riley Financial increased their price objective on Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 20th.

Institutional Trading of Onto Innovation

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in shares of Onto Innovation by 31.2% during the 3rd quarter. Principal Financial Group Inc. now owns 145,532 shares of the semiconductor company’s stock valued at $18,806,000 after purchasing an additional 34,567 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Onto Innovation by 64.9% in the third quarter. New York State Common Retirement Fund now owns 117,232 shares of the semiconductor company’s stock worth $15,149,000 after buying an additional 46,118 shares during the last quarter. EFG Asset Management North America Corp. purchased a new position in shares of Onto Innovation in the third quarter worth approximately $1,549,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Onto Innovation by 36.6% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,176 shares of the semiconductor company’s stock valued at $6,613,000 after buying an additional 13,714 shares during the period. Finally, Liberty One Investment Management LLC purchased a new stake in Onto Innovation during the third quarter valued at approximately $1,408,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Trading Up 0.7%

Shares of NYSE:ONTO opened at $208.98 on Thursday. The stock has a fifty day simple moving average of $201.89 and a two-hundred day simple moving average of $156.14. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $232.49. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 75.44, a PEG ratio of 1.09 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). The company had revenue of $266.87 million for the quarter, compared to the consensus estimate of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. Onto Innovation’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, equities research analysts predict that Onto Innovation will post 6.26 EPS for the current year.

Onto Innovation Company Profile

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.