Analysts Issue Forecasts for Onto Innovation FY2028 Earnings

Onto Innovation Inc. (NYSE:ONTO) – Zacks Research upped their FY2028 earnings per share (EPS) estimates for shares of Onto Innovation in a research note issued to investors on Wednesday, July 15th. Zacks Research analyst Team now forecasts that the semiconductor company will earn $9.44 per share for the year, up from their prior forecast of $9.40. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $7.14 per share.

Other analysts have also recently issued research reports about the stock. Morgan Stanley assumed coverage on shares of Onto Innovation in a research note on Sunday, June 14th. They set an “overweight” rating and a $371.00 price target for the company. Stifel Nicolaus set a $350.00 target price on shares of Onto Innovation and gave the company a “buy” rating in a report on Friday, April 17th. Evercore reiterated an “outperform” rating and set a $315.00 target price on shares of Onto Innovation in a research note on Friday, April 17th. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price objective on shares of Onto Innovation in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $339.60.

Onto Innovation Trading Down 0.9%

Shares of ONTO opened at $279.05 on Thursday. The company’s 50 day simple moving average is $295.47 and its 200-day simple moving average is $246.75. The firm has a market cap of $13.88 billion, a PE ratio of 130.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.55. Onto Innovation has a 12-month low of $89.40 and a 12-month high of $386.46.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. The company had revenue of $291.95 million for the quarter, compared to analyst estimates of $292.00 million. Onto Innovation had a return on equity of 11.68% and a net margin of 10.32%.The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 earnings per share.

Institutional Trading of Onto Innovation

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in Onto Innovation by 16.5% during the 1st quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 56 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Onto Innovation by 4.9% during the 1st quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 64 shares during the period. Root Financial Partners LLC raised its stake in shares of Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after buying an additional 74 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Onto Innovation by 8.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock worth $186,000 after buying an additional 92 shares in the last quarter. Finally, Millstone Evans Group LLC lifted its holdings in shares of Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

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.