B. Riley Predicts Onto Innovation's Q1 Earnings (NYSE:ONTO)

Onto Innovation Inc. (NYSE:ONTO - Free Report) - Investment analysts at B. Riley reduced their Q1 2025 earnings per share estimates for shares of Onto Innovation in a research note issued on Monday, April 21st. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings per share of $1.45 for the quarter, down from their previous estimate of $1.47. The consensus estimate for Onto Innovation's current full-year earnings is $6.26 per share.

Other equities research analysts have also recently issued research reports about the stock. Oppenheimer cut their price objective on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Stifel Nicolaus cut 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. StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Jefferies Financial Group lowered their price target on Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Friday, March 28th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $218.13.

Onto Innovation Stock Down 3.2 %

Shares of NYSE:ONTO traded down $3.96 during midday trading on Wednesday, reaching $121.63. The company's stock had a trading volume of 210,429 shares, compared to its average volume of 798,045. The firm has a 50 day moving average of $130.48 and a 200-day moving average of $165.69. The firm has a market capitalization of $5.94 billion, a P/E ratio of 29.92, a PEG ratio of 0.89 and a beta of 1.46. Onto Innovation has a 12-month low of $98.21 and a 12-month high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%.

Institutional Investors Weigh In On Onto Innovation

Institutional investors have recently modified their holdings of the business. Peregrine Capital Management LLC lifted its stake in Onto Innovation by 3.4% during the 1st quarter. Peregrine Capital Management LLC now owns 42,433 shares of the semiconductor company's stock valued at $5,149,000 after acquiring an additional 1,389 shares during the period. Taylor Frigon Capital Management LLC raised its holdings in shares of Onto Innovation by 44.5% during the first quarter. Taylor Frigon Capital Management LLC now owns 16,709 shares of the semiconductor company's stock valued at $2,027,000 after purchasing an additional 5,143 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Onto Innovation by 8.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,294 shares of the semiconductor company's stock valued at $8,581,000 after purchasing an additional 5,372 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Onto Innovation by 6.5% in the first quarter. Sequoia Financial Advisors LLC now owns 14,938 shares of the semiconductor company's stock worth $1,813,000 after purchasing an additional 918 shares during the last quarter. Finally, Moran Wealth Management LLC bought a new stake in Onto Innovation in the 1st quarter worth approximately $2,136,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

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.