Onto Innovation Q2 EPS Forecast Increased by Zacks Research

Onto Innovation Inc. (NYSE:ONTO) – Investment analysts at Zacks Research raised their Q2 2027 earnings estimates for Onto Innovation in a research note issued on Thursday, March 12th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings of $1.87 per share for the quarter, up from their previous estimate of $1.59. Zacks Research 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 Q4 2027 earnings at $1.78 EPS.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The firm had revenue of $266.87 million for the quarter, compared to the consensus estimate of $265.78 million. During the same period last year, the company posted $1.51 EPS. The business’s 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.

Several other equities research analysts have also issued reports on the company. Evercore reissued an “outperform” rating and set a $250.00 price objective on shares of Onto Innovation in a research note on Thursday, February 19th. Jefferies Financial Group restated a “buy” rating and issued a $300.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a report on Thursday, January 22nd. Needham & Company LLC boosted their price objective on Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, B. Riley Financial boosted their price objective on Onto Innovation from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Stock Performance

Onto Innovation stock opened at $189.67 on Monday. Onto Innovation has a fifty-two week low of $85.88 and a fifty-two week high of $232.49. The stock has a market cap of $9.43 billion, a P/E ratio of 68.47, a PEG ratio of 0.99 and a beta of 1.47. The firm’s fifty day moving average price is $205.96 and its 200-day moving average price is $160.52.

Institutional Investors Weigh In On Onto Innovation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings in Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 115 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Onto Innovation by 2,061.5% during the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Onto Innovation during the third quarter worth about $37,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation News Roundup

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

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.