Onto Innovation Inc. (NYSE:ONTO) Receives Average Recommendation of “Buy” from Brokerages

Onto Innovation Inc. (NYSE:ONTO) has been assigned an average recommendation of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $344.60.

ONTO has been the topic of several analyst reports. Morgan Stanley started coverage on Onto Innovation in a research report on Sunday, June 14th. They issued an “overweight” rating and a $371.00 target price on the stock. Oppenheimer lifted their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Cantor Fitzgerald boosted their target price on shares of Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Onto Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $350.00 price target on the stock. Finally, Stifel Nicolaus set a $350.00 price target on Onto Innovation and gave the company a “buy” rating in a report on Friday, April 17th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC grew its position in Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 115 shares during the last quarter. Millstone Evans Group LLC increased its stake in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 99 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Onto Innovation during the second quarter valued at approximately $38,000. Finally, CIBC Private Wealth Group LLC raised its stake in Onto Innovation by 109.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation News Roundup

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Onto Innovation reported record second-quarter revenue of approximately $343.1 million, up 35.3% year over year and above the $325.3 million analyst consensus. Adjusted EPS of $1.93 exceeded estimates of $1.69, while EPS increased from $1.25 a year earlier. Onto Innovation Reports 2026 Second Quarter Results
• Positive Sentiment: Profitability and cash generation improved sharply: gross profit rose 50.1% to $183.3 million, operating profit nearly doubled to $63.6 million, net income increased 77.2% to $60.1 million, and operating cash flow reached $61.5 million. Onto Innovation Q2 2026 Earnings
• Positive Sentiment: Management issued well-above-consensus third-quarter guidance: EPS of $2.18-$2.38 versus the $1.93 estimate and revenue of $380 million-$400 million versus the $351.8 million consensus. Onto Innovation Earnings Call
• Positive Sentiment: The company cited strong artificial-intelligence-related semiconductor demand and a backlog exceeding $1 billion, supporting visibility into future orders. Onto Innovation Reports 2026 Second Quarter Results
• Neutral Sentiment: Analyst price targets remain broadly bullish, with a reported six-month median of $350 and several targets ranging from $370 to $450, although these targets may already reflect the company’s strong growth outlook. Onto Innovation Analyst Ratings
• Negative Sentiment: Despite the results and guidance, ONTO traded lower during the session. With shares valued at roughly 126 times earnings and having recently reached substantially higher levels, investors may be taking profits or demanding further upside surprises before bidding the stock higher.

Onto Innovation Trading Down 2.0%

NYSE:ONTO opened at $270.41 on Friday. The firm has a market capitalization of $13.45 billion, a PE ratio of 126.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.59. The stock has a 50 day moving average of $296.05 and a 200-day moving average of $255.68. Onto Innovation has a 52 week low of $91.61 and a 52 week high of $386.46.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. Onto Innovation had a return on equity of 11.68% and a net margin of 10.32%.The business’s quarterly revenue was up 35.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, analysts predict that Onto Innovation will post 7.14 EPS for the current fiscal year.

About Onto Innovation

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.