Onto Innovation FY2025 EPS Forecast Cut by Cantor Fitzgerald

Onto Innovation Inc. (NYSE:ONTO - Free Report) - Equities researchers at Cantor Fitzgerald decreased their FY2025 earnings per share (EPS) estimates for shares of Onto Innovation in a note issued to investors on Monday, May 12th. Cantor Fitzgerald analyst M. Prisco now anticipates that the semiconductor company will earn $5.10 per share for the year, down from their previous estimate of $6.40. Cantor Fitzgerald currently has a "Neutral" rating and a $135.00 target price on the stock. The consensus estimate for Onto Innovation's current full-year earnings is $6.26 per share.

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

Other equities analysts have also issued reports about the stock. Oppenheimer reduced their target price on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus dropped their price objective on Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Benchmark dropped their price target on shares of Onto Innovation from $230.00 to $190.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Needham & Company LLC lowered their target price on shares of Onto Innovation from $230.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Jefferies Financial Group decreased their price objective on Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $177.14.

Onto Innovation Stock Up 6.1%

Shares of NYSE:ONTO opened at $99.19 on Wednesday. The firm has a market cap of $4.84 billion, a P/E ratio of 24.43, a P/E/G ratio of 0.89 and a beta of 1.55. Onto Innovation has a 12 month low of $85.88 and a 12 month high of $238.93. The company's 50-day moving average price is $122.48 and its two-hundred day moving average price is $158.30.

Institutional Trading of Onto Innovation

Several hedge funds have recently added to or reduced their stakes in ONTO. Norges Bank acquired a new position in shares of Onto Innovation in the 4th quarter valued at approximately $87,987,000. Artisan Partners Limited Partnership lifted its holdings in shares of Onto Innovation by 41.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company's stock valued at $252,530,000 after purchasing an additional 444,860 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Onto Innovation by 48.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company's stock worth $156,700,000 after buying an additional 421,165 shares in the last quarter. Invesco Ltd. raised its position in Onto Innovation by 33.9% in the 4th quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company's stock valued at $234,344,000 after buying an additional 356,161 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Onto Innovation by 21.2% during the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company's stock worth $258,883,000 after acquiring an additional 271,470 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.