Onto Innovation Inc. (NYSE:ONTO) Stock Has Consensus Target Price of $377.73

Key Points

• Analysts remain broadly bullish: Onto Innovation has a consensus “Buy” rating among 14 analysts, with an average 12-month price target of $377.73.
• Results and outlook showed strong demand: Q3 revenue rose about 88% year over year to roughly $410 million, and adjusted EPS of $2.44 beat expectations. The company forecast Q4 revenue of $430 million to $450 million and reported backlog above $1.3 billion.
• Price targets are mixed: Goldman Sachs initiated coverage with a $400 target, while B. Riley lowered its target to $285 from $340 but kept a Buy rating.

Onto Innovation Inc. (NYSE:ONTO - Get Free Report) has earned an average rating of "Buy" from the fourteen analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $377.73.

A number of brokerages have issued reports on ONTO. The Goldman Sachs Group initiated coverage on Onto Innovation in a research report on Monday, August 17th. They issued a "buy" rating and a $400.00 target price on the stock. Weiss Ratings upgraded Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Morgan Stanley decreased their price target on shares of Onto Innovation from $383.00 to $360.00 and set an "overweight" rating for the company in a research report on Tuesday, September 8th. B. Riley Financial dropped their price target on shares of Onto Innovation from $340.00 to $285.00 and set a "buy" rating for the company in a research note on Monday. Finally, Evercore restated an "outperform" rating and issued a $390.00 price target on shares of Onto Innovation in a research note on Friday, August 7th.

Key Stories Impacting Onto Innovation

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Onto reported record Q3 2026 revenue of about $410 million, up 88% year over year and 19% sequentially. Adjusted EPS was $2.44, ahead of analyst expectations, and revenue, operating margin, and EPS all exceeded the high end of company guidance. Onto Innovation Q3 results
• Positive Sentiment: The company forecast Q4 revenue of $430 million to $450 million, with reported backlog above $1.3 billion—signals of continued demand and revenue visibility. Q4 outlook and backlog
• Negative Sentiment: B. Riley cut its price target to $285 from $340, indicating a more cautious valuation view, though it maintained a Buy rating. B. Riley price-target update

Onto Innovation Stock Up 12.0%

Shares of Onto Innovation stock opened at $194.15 on Tuesday. The business has a 50-day moving average of $252.12 and a 200-day moving average of $259.19. 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 company has a market capitalization of $9.53 billion, a PE ratio of 72.99, a P/E/G ratio of 0.60 and a beta of 1.66. Onto Innovation has a 1-year low of $121.57 and a 1-year high of $386.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings results on Monday, November 9th. The semiconductor company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.30 by $0.14. The business had revenue of $409.75 million for the quarter, compared to analysts' expectations of $392.08 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The company's revenue was up 87.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, equities analysts forecast that Onto Innovation will post 8.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Onto Innovation news, Director David Miller sold 2,000 shares of the firm's stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director directly owned 10,692 shares of the company's stock, valued at $3,207,600. This trade represents a 15.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan Lynch sold 1,000 shares of the business'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 completion of the sale, the director directly owned 2,684 shares of the company's stock, valued at $811,373.20. The trade was a 27.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company's stock.

Hedge Funds Weigh In On Onto Innovation

A number of hedge funds have recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new stake in Onto Innovation during the second quarter valued at approximately $25,000. Highland Investment Advisors LLC acquired a new position in shares of Onto Innovation in the 2nd quarter worth approximately $25,000. Provenance Wealth Advisors LLC acquired a new position in shares of Onto Innovation in the 3rd quarter worth approximately $26,000. CoreCap Advisors LLC bought a new stake in shares of Onto Innovation in the 2nd quarter valued at approximately $38,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Onto Innovation in the 2nd quarter valued at approximately $40,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Company Profile

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects.

The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.

Onto Innovation was formed in 2019 through the merger of Nanometrics and Rudolph Technologies.

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