Onto Innovation (NYSE:ONTO) Price Target Raised to $310.00 at B. Riley Financial

Onto Innovation (NYSE:ONTO) had its price target increased by B. Riley Financial from $275.00 to $310.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the stock. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. Stifel Nicolaus set a $220.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. Cantor Fitzgerald upped their price objective on shares of Onto Innovation from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, April 6th. Needham & Company LLC boosted their target price 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.00.

Onto Innovation Trading Down 1.6%

Shares of NYSE ONTO opened at $252.92 on Monday. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $258.99. The stock has a market cap of $12.58 billion, a PE ratio of 91.31, a P/E/G ratio of 1.34 and a beta of 1.47. The company has a 50-day moving average of $211.26 and a 200 day moving average of $175.62.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (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 business had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. During the same period in the prior year, the company posted $1.51 EPS. The firm’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. On average, sell-side analysts forecast that Onto Innovation will post 6.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently bought and sold shares of ONTO. Wellington Management Group LLP boosted its holdings in Onto Innovation by 1,217.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after purchasing an additional 1,292,772 shares during the last quarter. William Blair Investment Management LLC boosted its holdings 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. Voya Investment Management LLC boosted its holdings in Onto Innovation by 4,494.6% in the 3rd quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock valued at $111,974,000 after purchasing an additional 849,702 shares during the last quarter. Norges Bank acquired a new position in shares of Onto Innovation in the 4th quarter worth approximately $104,938,000. Finally, Jennison Associates LLC lifted its holdings in shares of Onto Innovation by 1,293.5% in the 4th quarter. Jennison Associates LLC now owns 680,822 shares of the semiconductor company’s stock worth $107,475,000 after acquiring an additional 631,965 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

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.