Analysts Issue Forecasts for Onto Innovation Q4 Earnings

Onto Innovation Inc. (NYSE:ONTO - Free Report) - Stock analysts at Zacks Research increased their Q4 2026 earnings estimates for Onto Innovation in a research note issued on Tuesday, July 8th. Zacks Research analyst R. Department now forecasts that the semiconductor company will earn $1.56 per share for the quarter, up from their previous estimate of $1.55. The consensus estimate for Onto Innovation's current full-year earnings is $6.26 per share.

Several other brokerages also recently commented on ONTO. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Cantor Fitzgerald lowered their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Needham & Company LLC cut their target price 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. Finally, Stifel Nicolaus cut their target price 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $141.67.

Onto Innovation Stock Down 1.0%

Shares of ONTO stock traded down $1.02 during trading hours on Friday, reaching $101.85. The company's stock had a trading volume of 665,065 shares, compared to its average volume of 980,823. The firm's 50 day simple moving average is $100.26 and its 200-day simple moving average is $136.92. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 0.67 and a beta of 1.45. Onto Innovation has a fifty-two week low of $85.88 and a fifty-two week high of $238.93.

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

Institutional Trading of Onto Innovation

Institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB increased its holdings in Onto Innovation by 177.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 151 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Onto Innovation during the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock worth $30,000 after buying an additional 108 shares during the period. Larson Financial Group LLC increased its position in shares of Onto Innovation by 3,700.0% during the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock worth $32,000 after buying an additional 259 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Onto Innovation during the fourth quarter worth $38,000. 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.