Cantor Fitzgerald Predicts Onto Innovation FY2026 Earnings

Onto Innovation Inc. (NYSE:ONTO - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for Onto Innovation in a report released on Monday, June 9th. Cantor Fitzgerald analyst M. Prisco forecasts that the semiconductor company will earn $6.30 per share for the year. Cantor Fitzgerald has a "Neutral" rating and a $135.00 price target on the stock. The consensus estimate for Onto Innovation's current full-year earnings is $6.26 per share.

Other analysts have also issued research reports about the company. Oppenheimer decreased their price objective on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Wall Street Zen upgraded Onto Innovation from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Stifel Nicolaus reduced their target price on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Needham & Company LLC reduced their price target on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Benchmark decreased their price objective on shares of Onto Innovation from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Onto Innovation presently has a consensus rating of "Moderate Buy" and an average target price of $167.86.

Onto Innovation Trading Up 1.9%

Shares of ONTO stock traded up $1.85 during trading hours on Tuesday, hitting $101.31. The company's stock had a trading volume of 1,091,300 shares, compared to its average volume of 949,564. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $238.93. The business has a fifty day moving average of $108.82 and a 200-day moving average of $147.45. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 0.89 and a beta of 1.45.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.04. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. The firm had revenue of $267.00 million during the quarter, compared to analysts' expectations of $267.03 million. Onto Innovation's revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share.

Hedge Funds Weigh In On Onto Innovation

Hedge funds have recently added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new position in shares of Onto Innovation in the 4th quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Onto Innovation by 177.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 151 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Onto Innovation in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings 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 valued at $30,000 after purchasing an additional 108 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings 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 valued at $32,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

Onto Innovation Company Profile

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.