Onto Innovation Inc. (NYSE:ONTO) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Onto Innovation Inc. (NYSE: ONTO) has received a consensus rating of "Moderate Buy" from seven research firms, with an average price target of $137.86.
• Several analysts, including Needham and Oppenheimer, have recently lowered their price targets, reflecting reduced expectations for the company's stock performance, with targets now ranging from $90.00 to $150.00.
• Institutional investors hold a significant portion of the company's stock, owning 98.35%, indicating strong backing from large investment firms.

Onto Innovation Inc. (NYSE:ONTO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $137.8571.

Several analysts have issued reports on ONTO shares. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Cantor Fitzgerald dropped their price target on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the company a "hold" rating in a research note on Tuesday, May 20th. Oppenheimer decreased their price objective on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, Needham & Company LLC dropped their target price on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, May 9th.

Institutional Trading of Onto Innovation

Institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in Onto Innovation by 177.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Onto Innovation during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 108 shares in the last quarter. Larson Financial Group LLC lifted its stake in Onto Innovation by 3,700.0% in the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 259 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Onto Innovation in the 4th quarter valued at about $38,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Trading Down 1.1%

Shares of NYSE ONTO traded down $1.1410 during mid-day trading on Friday, reaching $107.5190. 1,026,495 shares of the company's stock were exchanged, compared to its average volume of 1,264,438. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 0.72 and a beta of 1.44. The business has a fifty day simple moving average of $99.86 and a 200 day simple moving average of $118.69. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.02). The business had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Equities research analysts predict that Onto Innovation will post 6.26 earnings per share for the current fiscal year.

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.