Onto Innovation (NYSE:ONTO) Hits New 1-Year High Following Analyst Upgrade

Shares of Onto Innovation Inc. (NYSE:ONTO) reached a new 52-week high during mid-day trading on Friday after B. Riley Financial raised their price target on the stock from $240.00 to $275.00. B. Riley Financial currently has a buy rating on the stock. Onto Innovation traded as high as $232.49 and last traded at $217.6740, with a volume of 342774 shares trading hands. The stock had previously closed at $225.33.

Other analysts also recently issued research reports about the company. Stifel Nicolaus raised their price objective on Onto Innovation from $180.00 to $215.00 and gave the stock a “hold” rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Onto Innovation in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Finally, Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and raised their price objective 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 issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.50.

Key Onto Innovation News

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

• Positive Sentiment: Company posted record 2025 revenue, completed the Semilab product‑line acquisition, shipped next‑gen Dragonfly systems and disclosed a major HBM agreement that management says is driving AI/inspection demand. Onto Innovation Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Analyst support: Needham raised its price target to $275 and kept a Buy rating, signaling continued bullish institutional views that could underpin shares over the medium term. Benzinga article
• Neutral Sentiment: Management guided Q1 FY2026 EPS to $1.260–1.360 and revenue to $275–285M, which sits slightly above consensus — that guidance implies margin recovery but leaves room for execution risk. Company press release / guidance
• Neutral Sentiment: Management projects >30% growth in advanced‑packaging sales in 2026 and cites a record backlog tied to AI demand — a positive long‑term growth signal but dependent on sustained end‑market strength. Advanced packaging growth article
• Negative Sentiment: Q4 EPS of $1.26 missed the consensus by $0.02 and fell from $1.51 a year ago — the modest miss and y/y earnings decline are the immediate catalyst for the share pullback. Zacks: ONTO misses Q4 estimates
• Negative Sentiment: Shares are trading with elevated volume into the print and remain at a premium valuation (high P/E), so even small earnings misses or execution risk can trigger outsized moves. Investing.com note

Institutional Investors Weigh In On Onto Innovation

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Onto Innovation by 5.5% during the third quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock worth $732,342,000 after buying an additional 294,393 shares during the last quarter. William Blair Investment Management LLC grew its position in Onto Innovation by 80.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock worth $256,083,000 after acquiring an additional 882,901 shares during the last quarter. Wellington Management Group LLP grew its position in Onto Innovation by 1,217.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after acquiring an additional 1,292,772 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 valued at $213,585,000 after purchasing an additional 238,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Onto Innovation by 45.4% in the 4th quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock valued at $178,024,000 after purchasing an additional 352,316 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Price Performance

The business has a 50 day simple moving average of $192.29 and a 200 day simple moving average of $149.46. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 77.78, a price-to-earnings-growth ratio of 1.24 and a beta of 1.50.

Onto Innovation (NYSE:ONTO) last announced 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). The business had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.41%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, sell-side analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

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.