B. Riley Has Pessimistic View of Onto Innovation Q3 Earnings

Key Points

• B. Riley has revised its Q3 2025 earnings per share estimate for Onto Innovation down to $0.85, reflecting a significant drop from the previous estimate of $1.00.
• Onto Innovation's recent earnings report showed a missing estimate for EPS at $1.25, compared to the consensus of $1.27, with revenue increasing by 4.7% year-over-year.
• Despite the recent downgrades, Onto Innovation maintains a current average rating of "Moderate Buy" among analysts, with a consensus target price of $137.86.

Onto Innovation Inc. (NYSE:ONTO - Free Report) - Equities research analysts at B. Riley dropped their Q3 2025 earnings per share estimates for Onto Innovation in a research report issued on Thursday, August 7th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $0.85 per share for the quarter, down from their prior forecast of $1.00. B. Riley currently has a "Buy" rating and a $145.00 target price on the stock. The consensus estimate for Onto Innovation's current full-year earnings is $6.26 per share. B. Riley also issued estimates for Onto Innovation's FY2025 earnings at $4.82 EPS, Q2 2026 earnings at $1.34 EPS, Q3 2026 earnings at $1.39 EPS, Q4 2026 earnings at $1.41 EPS, FY2026 earnings at $5.42 EPS and FY2027 earnings at $6.20 EPS.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.02). Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. During the same period in the prior year, the company posted $1.32 EPS. The firm's revenue was up 4.7% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. Needham & Company LLC lowered their target price on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the company a "hold" rating in a report on Tuesday, May 20th. Cantor Fitzgerald lowered their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Stifel Nicolaus lowered their target price on Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Oppenheimer lowered their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Onto Innovation currently has an average rating of "Moderate Buy" and a consensus target price of $137.86.

Onto Innovation Stock Performance

ONTO stock opened at $103.07 on Monday. Onto Innovation has a fifty-two week low of $85.88 and a fifty-two week high of $228.42. The business's 50-day moving average is $98.30 and its two-hundred day moving average is $122.40. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 0.69 and a beta of 1.44.

Institutional Trading of Onto Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB grew its position in shares of Onto Innovation by 177.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Onto Innovation during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 108 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Onto Innovation by 3,700.0% during the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 259 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Onto Innovation during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 98.35% of the company's stock.

About Onto Innovation

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.

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