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

Key Points

• Onto Innovation Inc. has received a consensus rating of "Moderate Buy" from eight brokerages, with an average price objective of approximately $146.43 for the next year.
• Institutional ownership in Onto Innovation is strong, with 98.35% of the stock held by institutional investors and hedge funds, demonstrating significant investor confidence.
• The semiconductor company recently reported earnings of $1.25 per share, slightly missing analysts' expectations, but noted a 4.7% year-over-year revenue increase to $253.60 million in the last quarter.

Shares of Onto Innovation Inc. (NYSE:ONTO - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $146.4286.

ONTO has been the topic of a number of recent research reports. 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 research report 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 for the company in a research note on Tuesday, June 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of Onto Innovation in a research note on Saturday, September 27th. Benchmark decreased their target price on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, Jefferies Financial Group raised shares of Onto Innovation from a "hold" rating to a "buy" rating and upped their price target for the company from $100.00 to $170.00 in a report on Tuesday, September 23rd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Onto Innovation by 75.0% during the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company's stock worth $130,000 after purchasing an additional 458 shares during the period. SG Americas Securities LLC grew its position in Onto Innovation by 2,012.3% during the first quarter. SG Americas Securities LLC now owns 55,448 shares of the semiconductor company's stock valued at $6,728,000 after buying an additional 52,823 shares during the period. Handelsbanken Fonder AB grew its position in Onto Innovation by 22.1% during the first quarter. Handelsbanken Fonder AB now owns 16,000 shares of the semiconductor company's stock valued at $1,941,000 after buying an additional 2,900 shares during the period. Greenwood Capital Associates LLC increased its holdings in Onto Innovation by 92.7% in the first quarter. Greenwood Capital Associates LLC now owns 3,070 shares of the semiconductor company's stock valued at $373,000 after buying an additional 1,477 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of Onto Innovation by 15.8% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 162,653 shares of the semiconductor company's stock worth $19,736,000 after acquiring an additional 22,198 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Trading Up 3.1%

NYSE:ONTO opened at $144.10 on Monday. The company has a market capitalization of $7.06 billion, a P/E ratio of 35.67, a PEG ratio of 0.97 and a beta of 1.61. Onto Innovation has a 12 month low of $85.88 and a 12 month high of $228.42. The firm has a fifty day simple moving average of $111.53 and a 200-day simple moving average of $108.78.

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