Onto Innovation Inc. (NYSE:ONTO) Stock Has Average Target Price of $380.00 According to Brokerages

Key Points

• Analysts remain bullish: Fourteen firms give Onto Innovation an average “Buy” rating, with an average 12-month price target of $380.
• Strong quarterly performance: The company reported $1.93 in EPS versus the $1.69 consensus estimate, while revenue rose 35.3% year over year to $343.13 million.
• Shares have pulled back: ONTO opened at $231.84, down 4.0%, well below its 52-week high of $386.46. Institutional investors own 98.35% of the stock, while insiders own 0.51% and two directors recently sold shares under pre-arranged trading plans.

Shares of Onto Innovation Inc. (NYSE:ONTO - Get Free Report) have received an average rating of "Buy" from the fourteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $380.00.

A number of equities research analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of Onto Innovation from $383.00 to $360.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 8th. Zacks Research raised shares of Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. B. Riley Financial reissued a "buy" rating on shares of Onto Innovation in a research report on Friday, August 7th. Cantor Fitzgerald upped their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the company an "overweight" rating in a report on Monday, June 29th. Finally, Evercore reiterated an "outperform" rating and set a $390.00 price target on shares of Onto Innovation in a report on Friday, August 7th.

Insider Buying and Selling

In other news, Director Susan Lynch sold 1,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director directly owned 2,684 shares in the company, valued at $811,373.20. The trade was a 27.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the director directly owned 10,692 shares of the company's stock, valued at $3,207,600. This represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ONTO. BlackRock Inc. purchased a new position in Onto Innovation in the second quarter worth about $2,083,436,000. Paradigm Capital Management Inc. NY bought a new position in shares of Onto Innovation during the 2nd quarter valued at about $416,839,000. William Blair Investment Management LLC purchased a new position in Onto Innovation during the 2nd quarter valued at approximately $251,812,000. Bank of New York Mellon Corp purchased a new position in shares of Onto Innovation in the second quarter valued at $162,052,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Onto Innovation by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company's stock worth $138,898,000 after buying an additional 28,137 shares in the last quarter. 98.35% of the stock is owned by institutional investors.

Onto Innovation Trading Down 4.0%

Shares of NYSE:ONTO opened at $231.84 on Friday. The company has a market capitalization of $11.38 billion, a P/E ratio of 87.16, a P/E/G ratio of 0.79 and a beta of 1.58. Onto Innovation has a 1 year low of $118.97 and a 1 year high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The business's 50 day simple moving average is $286.76 and its 200 day simple moving average is $283.34.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.24. The firm had revenue of $343.13 million during the quarter, compared to analysts' expectations of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The company's quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, research analysts anticipate that Onto Innovation will post 8.04 EPS for the current fiscal year.

Onto Innovation Company Profile

Onto Innovation Inc NYSE: ONTO develops process control, inspection, metrology and lithography solutions for the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and control production processes, identify defects and improve yields during the fabrication of integrated circuits and other electronic components.

The company's product portfolio includes optical and materials metrology systems, wafer and macro-defect inspection equipment, lithography systems, software and data-analysis tools, and solutions for semiconductor packaging and related applications.

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