Onto Innovation (NYSE:ONTO) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Onto Innovation (NYSE:ONTO) had its price target lifted by investment analysts at Needham & Company LLC from $150.00 to $200.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 12.14% from the stock’s previous close.

Several other brokerages have also recently commented on ONTO. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price objective on shares of Onto Innovation in a research note on Tuesday, December 16th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. B. Riley lifted their target price on shares of Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Evercore ISI boosted their target price on shares of Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Stifel Nicolaus increased their price target on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and an average price target of $171.25.

Onto Innovation Trading Up 7.5%

NYSE ONTO opened at $178.35 on Tuesday. The firm’s fifty day simple moving average is $146.71 and its two-hundred day simple moving average is $124.18. The firm has a market capitalization of $8.74 billion, a P/E ratio of 50.38, a P/E/G ratio of 0.93 and a beta of 1.46. 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 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 return on equity of 13.11% and a net margin of 17.46%.The company had revenue of $218.19 million for the quarter, compared to analyst estimates of $220.23 million. During the same period in the prior year, the company posted $1.34 EPS. The firm’s quarterly revenue 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. As a group, sell-side analysts predict that Onto Innovation will post 6.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ONTO. Westside Investment Management Inc. boosted its position in shares of Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. raised its position in Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 268 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in Onto Innovation in the 3rd quarter valued at $37,000. Danske Bank A S acquired a new stake in Onto Innovation during the 3rd quarter worth $39,000. Finally, Farther Finance Advisors LLC grew its position in Onto Innovation by 76.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 139 shares during the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

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.