Onto Innovation (NYSE:ONTO) Reaches New 12-Month High - Time to Buy?

Key Points

• Shares hit a new 52-week high, last trading around $236.77 (up roughly 7% from the prior close of $219.11) as volume picked up during mid-day trading.
• Analyst sentiment is positive with a consensus rating of “Moderate Buy” and an average price target of $255.63; several firms (including Cantor Fitzgerald and Jefferies) have raised targets to $300.
• Recent fundamentals show a slight EPS miss—$1.26 vs. $1.28 expected—while revenue was roughly in line at $266.87M; the stock trades at a high valuation (P/E ~84.85) and the company guided Q1 2026 EPS to 1.260–1.360.

Shares of Onto Innovation Inc. (NYSE:ONTO - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $235.00 and last traded at $236.7660, with a volume of 8134 shares changing hands. The stock had previously closed at $219.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ONTO shares. Cantor Fitzgerald boosted their price target on Onto Innovation from $275.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Evercore reaffirmed an "outperform" rating and issued a $250.00 target price on shares of Onto Innovation in a research report on Thursday, February 19th. Stifel Nicolaus set a $220.00 price target on Onto Innovation in a report on Friday, February 20th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $300.00 price target on shares of Onto Innovation in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $255.63.

Onto Innovation Stock Up 7.0%

The company has a 50 day simple moving average of $207.93 and a 200-day simple moving average of $172.31. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 84.85, a PEG ratio of 1.12 and a beta of 1.47.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The firm had revenue of $266.87 million for the quarter, compared to analyst estimates of $265.78 million. During the same quarter in the previous year, the company earned $1.51 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, equities research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Institutional Trading of Onto Innovation

Institutional investors and hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in Onto Innovation by 100.0% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company's stock valued at $27,000 after buying an additional 99 shares in the last quarter. Root Financial Partners LLC raised its stake in Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company's stock valued at $28,000 after buying an additional 74 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company's stock valued at $28,000 after buying an additional 115 shares in the last quarter. Blue Trust Inc. raised its position in shares of Onto Innovation by 2,061.5% during the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 268 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Onto Innovation during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 98.35% of the company's stock.

About Onto Innovation

Onto Innovation NYSE: ONTO is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company's solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.

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