Weiss Ratings Reaffirms "Hold (C)" Rating for Onto Innovation (NYSE:ONTO)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Onto Innovation (NYSE: ONTO), indicating a cautious outlook on the stock.
• Analysts have mixed views, with B. Riley and Benchmark setting price targets of $145.00 and $160.00 respectively, while Jefferies upgraded the stock to a "Buy" rating with a target of $170.00.
• Onto Innovation's latest quarterly earnings showed earnings per share (EPS) of $1.25, which missed the consensus estimate, but revenue was up 4.7% year-over-year.

Onto Innovation (NYSE:ONTO - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently issued reports on ONTO. B. Riley cut their price target on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Cantor Fitzgerald lowered their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Benchmark lowered their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, Jefferies Financial Group upgraded Onto Innovation from a "hold" rating to a "buy" rating and lifted their price target for the company from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $146.43.

Onto Innovation Stock Down 1.2%

Shares of NYSE:ONTO opened at $137.42 on Wednesday. Onto Innovation has a 52-week low of $85.88 and a 52-week high of $228.42. The stock's fifty day simple moving average is $113.83 and its 200-day simple moving average is $109.24. The company has a market capitalization of $6.73 billion, a P/E ratio of 34.02, a P/E/G ratio of 0.92 and a beta of 1.61.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.02). Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. During the same quarter in the prior year, the company earned $1.32 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, sell-side analysts anticipate that Onto Innovation will post 6.26 earnings per share for the current year.

Institutional Trading of Onto Innovation

A number of institutional investors have recently bought and sold shares of ONTO. Banque Cantonale Vaudoise bought a new position in Onto Innovation during the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 108 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Onto Innovation by 3,700.0% during the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 259 shares in the last quarter. Berbice Capital Management LLC boosted its holdings in Onto Innovation by 33.3% during the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Onto Innovation by 3,690.9% during the first quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 406 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

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.

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