Onto Innovation (NYSE:ONTO) Price Target Raised to $300.00 at Cantor Fitzgerald

Onto Innovation (NYSE:ONTO) had its price target raised by Cantor Fitzgerald from $275.00 to $300.00 in a report published on Monday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC increased their price target on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. B. Riley Financial increased their price target on Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 price target on shares of Onto Innovation in a report on Friday, February 20th. 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, Evercore restated an “outperform” rating and issued a $250.00 price objective on shares of Onto Innovation in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $255.63.

Onto Innovation Stock Up 2.5%

Shares of ONTO stock opened at $220.89 on Monday. Onto Innovation has a 12 month low of $85.88 and a 12 month high of $232.49. The business’s 50 day moving average is $207.71 and its two-hundred day moving average is $171.62. The company has a market cap of $10.98 billion, a PE ratio of 79.74, a price-to-earnings-growth ratio of 1.12 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 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 company had revenue of $266.87 million for the quarter, compared to analyst estimates of $265.78 million. During the same quarter last year, the business earned $1.51 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, equities analysts expect that Onto Innovation will post 6.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ONTO. Vanguard Group Inc. lifted its holdings in shares of Onto Innovation by 5.5% during the third quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock valued at $732,342,000 after acquiring an additional 294,393 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Onto Innovation by 80.3% during the third quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock valued at $256,083,000 after acquiring an additional 882,901 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Onto Innovation by 1,217.0% during the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after acquiring an additional 1,292,772 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Onto Innovation by 21.4% during the fourth quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock valued at $213,585,000 after acquiring an additional 238,500 shares during the period. Finally, Geode Capital Management LLC lifted 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 period. 98.35% of the stock is owned by institutional investors.

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.