FY2025 EPS Estimate for Onto Innovation Lowered by Analyst

Key Points

• Analysts at Cantor Fitzgerald have lowered their FY2025 earnings estimate for Onto Innovation to $4.92 per share, down from $5.10, maintaining a "Neutral" rating with a $90.00 price target.
• Onto Innovation's recent quarterly earnings revealed a miss with $1.25 EPS compared to the consensus estimate of $1.27, but the company reported revenue growth of 4.7% year-over-year.
• Institutional investors hold a significant stake in Onto Innovation, with 98.35% of the company’s stock owned by hedge funds and institutional traders.

Onto Innovation Inc. (NYSE:ONTO - Free Report) - Stock analysts at Cantor Fitzgerald reduced their FY2025 earnings estimates for Onto Innovation in a research report issued on Friday, August 8th. Cantor Fitzgerald analyst M. Prisco now forecasts that the semiconductor company will post earnings of $4.92 per share for the year, down from their prior forecast of $5.10. Cantor Fitzgerald has a "Neutral" rating and a $90.00 price target on the stock. The consensus estimate for Onto Innovation's current full-year earnings is $6.26 per share.

Several other research firms have also commented on ONTO. Jefferies Financial Group set a $110.00 price objective on Onto Innovation and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Oppenheimer decreased their target price on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Benchmark dropped their price target on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday. Stifel Nicolaus cut their price objective on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Wall Street Zen upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $137.86.

Onto Innovation Stock Up 11.2%

Onto Innovation stock opened at $103.07 on Monday. The business's 50-day moving average price is $98.30 and its 200 day moving average price is $122.40. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. Onto Innovation has a 52 week low of $85.88 and a 52 week high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $253.60 million for the quarter, compared to analysts' expectations of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS.

Institutional Investors Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summitry LLC boosted its holdings in Onto Innovation by 29.0% in the 2nd quarter. Summitry LLC now owns 3,100 shares of the semiconductor company's stock worth $313,000 after buying an additional 696 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Onto Innovation in the second quarter valued at approximately $881,000. Cetera Investment Advisers boosted its stake in shares of Onto Innovation by 6.3% in the second quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company's stock worth $405,000 after acquiring an additional 238 shares during the last quarter. Value Holdings Management CO. LLC increased its position in shares of Onto Innovation by 9.3% during the second quarter. Value Holdings Management CO. LLC now owns 152,375 shares of the semiconductor company's stock worth $15,380,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Onto Innovation by 6.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,557 shares of the semiconductor company's stock worth $1,267,000 after purchasing an additional 751 shares in the last quarter. 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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