Onto Innovation (ONTO) Expected to Announce Quarterly Earnings on Thursday

Key Points

• Onto Innovation is set to release its Q2 2025 earnings on August 7th, with analysts predicting earnings of $1.27 per share and revenue of $250.56 million.
• The company outperformed analysts in its last earnings report, posting $1.51 EPS and a revenue of $267 million, indicating a 16.5% year-over-year increase.
• Analysts have set a consensus rating of "Moderate Buy" for Onto Innovation, with an average target price of $141.67.

Onto Innovation (NYSE:ONTO - Get Free Report) will likely be posting its Q2 2025 quarterly earnings results after the market closes on Thursday, August 7th. Analysts expect Onto Innovation to post earnings of $1.27 per share and revenue of $250.56 million for the quarter. Onto Innovation has set its Q2 2025 guidance at 1.210-1.350 EPS.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04. Onto Innovation had a net margin of 21.36% and a return on equity of 14.85%. The business had revenue of $267.00 million during the quarter, compared to analysts' expectations of $267.03 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. The firm's revenue was up 16.5% on a year-over-year basis. On average, analysts expect Onto Innovation to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Onto Innovation Stock Down 0.5%

ONTO traded down $0.48 during trading hours on Friday, hitting $94.27. 1,402,756 shares of the company's stock were exchanged, compared to its average volume of 972,521. Onto Innovation has a 1-year low of $85.88 and a 1-year high of $228.42. The stock's 50-day moving average is $98.12 and its two-hundred day moving average is $127.85. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 0.62 and a beta of 1.45.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ONTO shares. Stifel Nicolaus dropped their price objective on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Cantor Fitzgerald dropped 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. Needham & Company LLC dropped their price objective on shares of Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Oppenheimer dropped their price objective on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $141.67.

Institutional Investors Weigh In On Onto Innovation

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in Onto Innovation by 76.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company's stock worth $58,517,000 after purchasing an additional 208,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Onto Innovation by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company's stock valued at $19,810,000 after acquiring an additional 13,175 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Onto Innovation by 312.5% in the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company's stock valued at $500,000 after acquiring an additional 3,122 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

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.