Brokerages Set Onto Innovation Inc. (NYSE:ONTO) PT at $203.75

Shares of Onto Innovation Inc. (NYSE:ONTO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $177.14.

Several research firms recently commented on ONTO. StockNews.com downgraded Onto Innovation from a "hold" rating to a "sell" rating in a research note on Friday, May 9th. Jefferies Financial Group cut their price target 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. Oppenheimer dropped their price objective on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Cantor Fitzgerald reiterated a "neutral" rating and set a $135.00 target price (down previously from $250.00) on shares of Onto Innovation in a research report on Monday, May 5th. Finally, Needham & Company LLC lowered their price target on shares of Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 9th.

Onto Innovation Trading Up 3.0%

Shares of ONTO stock traded up $2.98 during trading on Friday, hitting $102.17. The company's stock had a trading volume of 706,649 shares, compared to its average volume of 880,588. The company has a market cap of $4.99 billion, a PE ratio of 25.07, a P/E/G ratio of 0.89 and a beta of 1.55. The business has a fifty day moving average of $122.48 and a 200-day moving average of $158.30. Onto Innovation has a 52 week low of $85.88 and a 52 week high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.04. The company had revenue of $267.00 million for the quarter, compared to analysts' expectations of $267.03 million. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. The business's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. As a group, research analysts predict that Onto Innovation will post 6.26 EPS for the current year.

Institutional Trading of Onto Innovation

Institutional investors have recently made changes to their positions in the stock. Kestra Investment Management LLC bought a new position in shares of Onto Innovation in the 4th quarter worth about $26,000. Mather Group LLC. raised its stake in shares of Onto Innovation by 209.4% in the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 111 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Onto Innovation by 177.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after buying an additional 151 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in Onto Innovation in the first quarter worth about $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Onto Innovation by 79.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors 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.