Onto Innovation Q4 EPS Estimate Boosted by Zacks Research

Onto Innovation Inc. (NYSE:ONTO) – Equities research analysts at Zacks Research raised their Q4 2027 EPS estimates for Onto Innovation in a report issued on Monday, February 16th. Zacks Research analyst Team now expects that the semiconductor company will earn $2.06 per share for the quarter, up from their prior forecast of $2.05. 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.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group increased their price target on Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 15th. B. Riley Financial increased their price objective on shares of Onto Innovation from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Stifel Nicolaus boosted their target price on shares of Onto Innovation from $180.00 to $215.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $170.00 to $275.00 in a report on Monday. One research 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.com, the company has an average rating of “Moderate Buy” and an average price target of $211.25.

Onto Innovation Price Performance

Onto Innovation stock opened at $221.08 on Wednesday. Onto Innovation has a 1-year low of $85.88 and a 1-year high of $229.87. The business has a fifty day moving average price of $189.80 and a 200-day moving average price of $148.10. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 62.45, a PEG ratio of 1.22 and a beta of 1.50.

Institutional Investors Weigh In On Onto Innovation

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Onto Innovation by 5.5% in the third quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock valued at $732,342,000 after purchasing an additional 294,393 shares during the period. William Blair Investment Management LLC lifted its stake 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 buying an additional 882,901 shares in the last quarter. 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 worth $180,778,000 after buying an additional 1,292,772 shares during the last quarter. Franklin Resources Inc. increased its stake in Onto Innovation by 21.4% during the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock worth $213,585,000 after buying an additional 238,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Onto Innovation by 45.4% during the fourth quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock valued at $178,024,000 after acquiring an additional 352,316 shares during the last quarter. Hedge funds and other institutional investors 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.