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.

Shares of Onto Innovation Inc. (NYSE:ONTO - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $137.8571.

A number of research analysts have recently issued reports on the company. Benchmark reduced their price objective on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Cantor Fitzgerald decreased their price objective on shares of Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Jefferies Financial Group set a $110.00 price objective on shares of Onto Innovation and gave the company a "hold" rating in a research note on Tuesday, May 20th. B. Riley dropped their target price on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th.

Hedge Funds Weigh In On Onto Innovation

Several hedge funds have recently made changes to their positions in ONTO. Banque Cantonale Vaudoise bought a new position in Onto Innovation in the first quarter worth about $29,000. MassMutual Private Wealth & Trust FSB boosted its position in Onto Innovation by 177.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings 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 worth $30,000 after acquiring an additional 108 shares during the period. Larson Financial Group LLC grew its holdings in shares of Onto Innovation by 3,700.0% during the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 259 shares during the period. Finally, Berbice Capital Management LLC raised its position in shares of 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 acquiring an additional 100 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Stock Up 1.9%

Shares of ONTO stock opened at $106.14 on Thursday. The business has a 50-day moving average price of $102.41 and a two-hundred day moving average price of $110.61. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $228.42. The firm has a market cap of $5.20 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 0.71 and a beta of 1.58.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced 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 firm 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 period in the prior year, the business posted $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, research analysts expect that Onto Innovation will post 6.26 EPS 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.

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