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B. Riley Lowers Onto Innovation (NYSE:ONTO) Price Target to $145.00

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Key Points

  • B. Riley has reduced the price target for Onto Innovation from $160.00 to $145.00, while maintaining a "buy" rating on the stock, signaling a potential upside of 41.22%.
  • Onto Innovation reported an earnings per share (EPS) of $1.25 for the last quarter, missing consensus estimates of $1.27, despite a 4.7% increase in revenue year-over-year.
  • Research analysts currently have a consensus rating of "Moderate Buy" for Onto Innovation, with a consensus price target of $142.14, reflecting a varied outlook from different analytical firms.
  • Want stock alerts on Onto Innovation? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Onto Innovation (NYSE:ONTO - Free Report) had its price target decreased by B. Riley from $160.00 to $145.00 in a research report report published on Friday,Benzinga reports. B. Riley currently has a buy rating on the semiconductor company's stock. B. Riley also issued estimates for Onto Innovation's Q3 2025 earnings at $0.85 EPS, FY2025 earnings at $4.82 EPS, Q2 2026 earnings at $1.34 EPS, Q3 2026 earnings at $1.39 EPS, Q4 2026 earnings at $1.41 EPS, FY2026 earnings at $5.42 EPS and FY2027 earnings at $6.20 EPS.

A number of other research analysts have also issued reports on ONTO. Needham & Company LLC lowered 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. Oppenheimer lowered their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the stock a "hold" rating in a report on Tuesday, May 20th. Benchmark dropped their price target on Onto Innovation from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Stifel Nicolaus dropped their price target on Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $137.86.

Check Out Our Latest Stock Report on Onto Innovation

Onto Innovation Stock Up 11.2%

ONTO stock traded up $10.39 during mid-day trading on Friday, reaching $103.07. The company had a trading volume of 3,811,045 shares, compared to its average volume of 1,366,213. The stock has a market capitalization of $5.05 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.69 and a beta of 1.44. Onto Innovation has a one year low of $85.88 and a one year high of $228.42. The stock's 50-day simple moving average is $98.30 and its two-hundred day simple moving average is $122.40.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued 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 net margin of 19.29% and a return on equity of 14.38%. Onto Innovation's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. On average, research analysts forecast that Onto Innovation will post 6.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Onto Innovation

Institutional investors have recently bought and sold shares of the stock. Summitry LLC boosted its position in Onto Innovation by 29.0% during the 2nd quarter. Summitry LLC now owns 3,100 shares of the semiconductor company's stock worth $313,000 after acquiring an additional 696 shares during the period. Intech Investment Management LLC acquired a new stake in Onto Innovation during the 2nd quarter worth about $881,000. Cetera Investment Advisers boosted its position in Onto Innovation by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company's stock worth $405,000 after acquiring an additional 238 shares during the period. Value Holdings Management CO. LLC boosted its position in Onto Innovation by 9.3% during the 2nd quarter. Value Holdings Management CO. LLC now owns 152,375 shares of the semiconductor company's stock worth $15,380,000 after acquiring an additional 13,000 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Onto Innovation by 6.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,557 shares of the semiconductor company's stock worth $1,267,000 after acquiring an additional 751 shares during the period. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Company Profile

(Get Free Report)

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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