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

Key Points

• Onto Innovation Inc. (NYSE:ONTO) has received a consensus rating of “Moderate Buy” from analysts, with an average price target of $137.86 over the next year.
• The company reported $1.25 EPS for the last quarter, slightly missing estimates, but had a 4.7% year-over-year revenue increase to $253.60 million.
• A significant majority, 98.35%, of Onto Innovation's stock is owned by hedge funds and institutional investors, indicating strong institutional support.

Onto Innovation Inc. (NYSE:ONTO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $137.8571.

ONTO has been the subject of several recent analyst reports. Benchmark decreased their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Jefferies Financial Group set a $110.00 price objective on Onto Innovation and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Cantor Fitzgerald decreased their price objective on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Finally, B. Riley dropped their target price on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, August 8th.

Institutional Investors Weigh In On Onto Innovation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise purchased a new position in shares of Onto Innovation during the 1st quarter valued at $29,000. MassMutual Private Wealth & Trust FSB boosted its position 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 valued at $29,000 after purchasing an additional 151 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position 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 valued at $30,000 after purchasing an additional 108 shares during the last quarter. Larson Financial Group LLC grew its stake in Onto Innovation by 3,700.0% in the first 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 in the last quarter. Finally, Berbice Capital Management LLC increased its position in Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Price Performance

NYSE ONTO traded up $4.30 on Thursday, hitting $120.67. 2,451,295 shares of the company were exchanged, compared to its average volume of 980,817. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $228.42. The firm has a market capitalization of $5.91 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 0.79 and a beta of 1.58. The company's 50 day moving average price is $103.42 and its 200-day moving average price is $109.31.

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

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.