FY2025 EPS Estimate for Onto Innovation Lifted by Analyst

Onto Innovation Inc. (NYSE:ONTO) – Investment analysts at Cantor Fitzgerald boosted their FY2025 earnings estimates for shares of Onto Innovation in a research report issued to clients and investors on Tuesday, November 18th. Cantor Fitzgerald analyst M. Prisco now expects that the semiconductor company will post earnings of $4.98 per share for the year, up from their prior estimate of $4.95. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share.

Several other equities research analysts also recently issued reports on the company. Oppenheimer boosted their price objective on Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Stifel Nicolaus increased their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 13th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Onto Innovation in a research note on Tuesday. Benchmark cut their target price on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and raised their price target for the company from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus price target of $151.25.

Onto Innovation Stock Down 2.4%

ONTO opened at $124.21 on Wednesday. Onto Innovation has a 52 week low of $85.88 and a 52 week high of $228.42. The business has a fifty day simple moving average of $130.47 and a 200-day simple moving average of $111.36. The firm has a market cap of $6.09 billion, a P/E ratio of 30.75, a P/E/G ratio of 0.94 and a beta of 1.64.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its stake in 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 buying an additional 9,324 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of Onto Innovation in the second quarter valued at approximately $2,920,000. Nicholas Company Inc. grew its position in shares of Onto Innovation by 31.9% during the second quarter. Nicholas Company Inc. now owns 38,816 shares of the semiconductor company’s stock worth $3,918,000 after acquiring an additional 9,385 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Onto Innovation in the 2nd quarter valued at $1,997,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Onto Innovation in the 1st quarter valued at $818,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

About Onto Innovation

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.