Onto Innovation Inc. (NYSE:ONTO) Receives $171.25 Consensus Price Target from Brokerages

Onto Innovation Inc. (NYSE:ONTO) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $186.25.

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 price target on shares of Onto Innovation in a report on Tuesday, December 16th. Jefferies Financial Group raised their price target on Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Oppenheimer raised their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Stifel Nicolaus increased their price objective on shares of Onto Innovation from $126.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in shares of Onto Innovation by 312.5% during the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock valued at $500,000 after purchasing an additional 3,122 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Onto Innovation by 76.4% in the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock worth $58,517,000 after buying an additional 208,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Onto Innovation by 8.8% in the first 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 buying an additional 13,175 shares in the last quarter. Strs Ohio acquired a new stake in shares of Onto Innovation during the 1st quarter valued at $590,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Onto Innovation by 63.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after acquiring an additional 9,324 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Price Performance

NYSE:ONTO opened at $220.44 on Wednesday. The firm has a market capitalization of $10.80 billion, a P/E ratio of 62.27, a P/E/G ratio of 1.21 and a beta of 1.46. The business has a 50 day simple moving average of $157.98 and a 200 day simple moving average of $130.01. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $228.42.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The company had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Research analysts anticipate that Onto Innovation will post 6.26 EPS for the current fiscal year.

Onto Innovation Company Profile

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.