Zacks Research Forecasts Higher Earnings for Onto Innovation

Onto Innovation Inc. (NYSE:ONTO) – Stock analysts at Zacks Research upped their Q1 2026 EPS estimates for Onto Innovation in a report released on Thursday, March 12th. Zacks Research analyst Team now anticipates that the semiconductor company will earn $1.31 per share for the quarter, up from their previous estimate of $1.28. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share. Zacks Research also issued estimates for Onto Innovation’s Q2 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.35 EPS, Q4 2026 earnings at $1.57 EPS, FY2026 earnings at $5.69 EPS, Q1 2027 earnings at $1.56 EPS, Q3 2027 earnings at $1.75 EPS, FY2027 earnings at $6.95 EPS and FY2028 earnings at $9.05 EPS.

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

A number of other equities analysts have also weighed in on ONTO. Evercore reaffirmed an “outperform” rating and set a $250.00 target price on shares of Onto Innovation in a research report on Thursday, February 19th. B. Riley Financial lifted their price target on shares of Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Jefferies Financial Group restated a “buy” rating and set a $300.00 price target on shares of Onto Innovation in a research note on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. Finally, Needham & Company LLC lifted their price objective on shares of Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $189.67 on Friday. Onto Innovation has a 52 week low of $85.88 and a 52 week high of $232.49. The stock has a 50 day moving average price of $205.96 and a two-hundred day moving average price of $159.80. The stock has a market capitalization of $9.43 billion, a PE ratio of 68.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.47.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in Onto Innovation by 312.5% during the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock valued at $500,000 after acquiring an additional 3,122 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Onto Innovation by 76.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock worth $58,517,000 after acquiring an additional 208,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Onto Innovation by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock valued at $19,810,000 after purchasing an additional 13,175 shares during the last quarter. Aviva PLC raised its holdings in shares of Onto Innovation by 9.7% in the second quarter. Aviva PLC now owns 4,830 shares of the semiconductor company’s stock valued at $487,000 after purchasing an additional 428 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Onto Innovation during the second quarter valued at about $1,997,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation News Summary

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Zacks lifted several FY2026 quarterly and full‑year EPS estimates (Q1 2026 to Q4 2026 and FY2026 raised to $5.69 from $5.51), signaling stronger near‑term profitability than previously modeled. This boosts FY2026 consensus versus prior Zacks views and supports the stock’s rally. Zacks raises FY2026 estimates
• Positive Sentiment: Zacks increased FY2027 and 2027 quarterly forecasts (FY2027 to $6.95, Q1 and Q3 2027 nudged higher), implying sustained growth beyond FY2026 and improving medium‑term earnings power — a constructive sign for investors focused on multi‑year upside. Zacks lifts FY2027 outlook
• Positive Sentiment: Zacks published a FY2028 estimate of $9.05 EPS, extending a bullish forward view that supports longer‑term growth expectations and justifies premium valuation metrics (ONTO currently trades with a relatively high P/E and PEG near 1.0). The longer‑horizon upgrade can attract growth‑oriented funds. Zacks issues FY2028 estimate

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.