Onto Innovation Inc. (NYSE:ONTO) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts maintain a bullish outlook: Onto Innovation has a consensus “Buy” rating from 13 brokerages, with an average 12-month price target of $380.30. Recent firms, including Jefferies and Goldman Sachs, set targets as high as $400.
• Quarterly results exceeded expectations: The company reported adjusted EPS of $1.93 versus the $1.69 consensus and revenue of $343.13 million versus estimates of $325.29 million. Revenue increased 35.3% year over year, and management issued third-quarter 2026 EPS guidance of $2.18–$2.38.
• Shares remain richly valued: ONTO opened at $291.69, with a market capitalization of $14.31 billion and a P/E ratio of 109.66. Institutional investors own 98.35% of the stock, while insider ownership is 0.51%.

Shares of Onto Innovation Inc. (NYSE:ONTO - Get Free Report) have earned a consensus recommendation of "Buy" from the thirteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $380.30.

Several equities research analysts recently weighed in on ONTO shares. Jefferies Financial Group lifted their price objective on Onto Innovation from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Wall Street Zen raised shares of Onto Innovation from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Morgan Stanley reiterated an "overweight" rating and set a $383.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Zacks Research upgraded shares of Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group began coverage on Onto Innovation in a research report on Monday, August 17th. They issued a "buy" rating and a $400.00 price target for the company.

Onto Innovation Price Performance

Shares of ONTO opened at $291.69 on Thursday. The business's fifty day moving average is $302.83 and its 200 day moving average is $265.91. Onto Innovation has a 12-month low of $101.00 and a 12-month high of $386.46. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. The stock has a market cap of $14.31 billion, a P/E ratio of 109.66, a P/E/G ratio of 0.97 and a beta of 1.59.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.24. The firm had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The company's revenue for the quarter was up 35.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Sell-side analysts anticipate that Onto Innovation will post 7.88 earnings per share for the current fiscal year.

Insider Transactions at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the transaction, the director directly owned 2,684 shares of the company's stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Institutional Trading of Onto Innovation

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Onto Innovation during the 2nd quarter valued at approximately $6,377,000. California State Teachers Retirement System grew its position in shares of Onto Innovation by 38,382.2% in the 2nd quarter. California State Teachers Retirement System now owns 21,848,297 shares of the semiconductor company's stock worth $8,268,488,000 after buying an additional 21,791,522 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of Onto Innovation in the 2nd quarter worth approximately $278,000. HB Wealth Management LLC grew its position in shares of Onto Innovation by 4.7% in the 2nd quarter. HB Wealth Management LLC now owns 2,698 shares of the semiconductor company's stock worth $1,021,000 after buying an additional 122 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new position in shares of Onto Innovation during the second quarter valued at approximately $204,000. Institutional investors own 98.35% of the company's stock.

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.

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