Onto Innovation (NYSE:ONTO) Given New $275.00 Price Target at Needham & Company LLC

Onto Innovation (NYSE:ONTO) had its price objective upped by Needham & Company LLC from $260.00 to $275.00 in a research report report published on Friday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus upped their price target on Onto Innovation from $180.00 to $215.00 and gave the stock a “hold” rating in a report on Wednesday. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. B. Riley Financial lifted their price target on shares of Onto Innovation from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Cantor Fitzgerald upgraded shares of Onto Innovation from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $170.00 to $275.00 in a report on Monday. Finally, Jefferies Financial Group increased their price objective on shares of Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $252.50.

Onto Innovation Trading Down 4.4%

Onto Innovation stock opened at $215.44 on Friday. The company has a 50-day moving average price of $192.29 and a 200 day moving average price of $149.46. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $232.49. The stock has a market cap of $10.56 billion, a P/E ratio of 77.78, a PEG ratio of 1.24 and a beta of 1.50.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.41%. The business had revenue of $266.87 million during the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter in the prior year, the firm earned $1.51 EPS. Onto Innovation’s revenue for the quarter was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, analysts forecast that Onto Innovation will post 6.26 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of Onto Innovation by 312.5% in the first quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock valued at $500,000 after acquiring an additional 3,122 shares during the period. Goldman Sachs Group Inc. raised its position in Onto Innovation by 76.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after purchasing an additional 208,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Onto Innovation by 8.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock worth $19,810,000 after purchasing an additional 13,175 shares during the period. CWM LLC grew its position in Onto Innovation by 231.7% during the 2nd quarter. CWM LLC now owns 3,334 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 2,329 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Onto Innovation during the 2nd quarter worth $555,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

More Onto Innovation News

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

• Positive Sentiment: Company posted record 2025 revenue, completed the Semilab product‑line acquisition, shipped next‑gen Dragonfly systems and disclosed a major HBM agreement that management says is driving AI/inspection demand. Onto Innovation Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Analyst support: Needham raised its price target to $275 and kept a Buy rating, signaling continued bullish institutional views that could underpin shares over the medium term. Benzinga article
• Neutral Sentiment: Management guided Q1 FY2026 EPS to $1.260–1.360 and revenue to $275–285M, which sits slightly above consensus — that guidance implies margin recovery but leaves room for execution risk. Company press release / guidance
• Neutral Sentiment: Management projects >30% growth in advanced‑packaging sales in 2026 and cites a record backlog tied to AI demand — a positive long‑term growth signal but dependent on sustained end‑market strength. Advanced packaging growth article
• Negative Sentiment: Q4 EPS of $1.26 missed the consensus by $0.02 and fell from $1.51 a year ago — the modest miss and y/y earnings decline are the immediate catalyst for the share pullback. Zacks: ONTO misses Q4 estimates
• Negative Sentiment: Shares are trading with elevated volume into the print and remain at a premium valuation (high P/E), so even small earnings misses or execution risk can trigger outsized moves. Investing.com note

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.