Brokerages Set Onto Innovation Inc. (NYSE:ONTO) PT at $378.00

Shares of Onto Innovation Inc. (NYSE:ONTO) have received an average recommendation of “Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $378.00.

A number of research firms have weighed in on ONTO. Cantor Fitzgerald boosted their target price on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Jefferies Financial Group boosted their price objective on Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Needham & Company LLC raised their target price on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 7th. Oppenheimer lifted their price target on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th.

Insider Activity

In other news, Director Susan Lynch sold 1,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Onto Innovation

Several large investors have recently added to or reduced their stakes in ONTO. Fiduciary Financial Advisors bought a new stake in Onto Innovation during the second quarter valued at about $25,000. Highland Investment Advisors LLC purchased a new position in shares of Onto Innovation in the second quarter valued at $25,000. Root Financial Partners LLC lifted its position in Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 74 shares during the last quarter. Millstone Evans Group LLC grew its position in Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 99 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of Onto Innovation in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Trading Down 0.4%

Shares of ONTO stock opened at $282.68 on Monday. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 106.27, a PEG ratio of 0.93 and a beta of 1.59. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $280.35 and a 200 day moving average price of $273.06. Onto Innovation has a twelve month low of $118.97 and a twelve month high of $386.46.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period in the previous year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Research analysts forecast that Onto Innovation will post 8.04 earnings per share for the current fiscal year.

Onto Innovation Company Profile

Onto Innovation Inc (NYSE:ONTO) develops process control, inspection, metrology and lithography systems used in the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and improve processes throughout wafer fabrication, packaging and other stages of production.

The company’s products include optical metrology systems, wafer and macro-defect inspection tools, three-dimensional metrology solutions, lithography systems and process-control software.