Onto Innovation Inc. (NYSE:ONTO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Onto Innovation Inc. (NYSE:ONTO) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $252.50.

Several research analysts recently weighed in on the company. Stifel Nicolaus set a $220.00 target price on Onto Innovation in a research report on Friday, February 20th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Cantor Fitzgerald upgraded Onto Innovation from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $170.00 to $275.00 in a research note on Monday, February 16th. Evercore restated an “outperform” rating and issued a $250.00 price objective on shares of Onto Innovation in a report on Thursday, February 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th.

Onto Innovation Stock Performance

Onto Innovation stock opened at $204.12 on Monday. Onto Innovation has a 1 year low of $85.88 and a 1 year high of $232.49. The firm has a 50 day moving average price of $208.21 and a 200 day moving average price of $167.66. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 73.69, a PEG ratio of 1.06 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last posted its quarterly 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 company had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 EPS. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Sell-side analysts predict that Onto Innovation will post 6.26 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in Onto Innovation by 31.2% in the third quarter. Principal Financial Group Inc. now owns 145,532 shares of the semiconductor company’s stock valued at $18,806,000 after purchasing an additional 34,567 shares during the period. EFG Asset Management North America Corp. acquired a new position in shares of Onto Innovation during the third quarter worth about $1,549,000. New York State Common Retirement Fund boosted its position in shares of Onto Innovation by 64.9% in the third quarter. New York State Common Retirement Fund now owns 117,232 shares of the semiconductor company’s stock worth $15,149,000 after buying an additional 46,118 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Onto Innovation by 36.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,176 shares of the semiconductor company’s stock valued at $6,613,000 after buying an additional 13,714 shares in the last quarter. Finally, Liberty One Investment Management LLC acquired a new stake in shares of Onto Innovation in the third quarter valued at about $1,408,000. 98.35% of the stock is owned by institutional investors and hedge funds.

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.