Onto Innovation Inc. (NYSE:ONTO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Onto Innovation Inc. (NYSE:ONTO) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $151.25.

ONTO has been the topic of several research reports. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. 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. Evercore ISI raised their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. B. Riley upped their price objective on Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Onto Innovation in a research note on Tuesday, November 18th.

Onto Innovation Stock Performance

Onto Innovation stock opened at $139.50 on Tuesday. The company has a market capitalization of $6.84 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. Onto Innovation has a fifty-two week low of $85.88 and a fifty-two week high of $228.42. The firm has a 50 day moving average price of $133.46 and a 200 day moving average price of $112.63.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data 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 14.38% and a net margin of 19.29%.The firm had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. During the same quarter in the previous year, the business earned $1.34 EPS. The company’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, equities research analysts forecast that Onto Innovation will post 6.26 earnings per share for the current year.

Hedge Funds Weigh In On Onto Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Onto Innovation during the first quarter worth approximately $2,815,000. HB Wealth Management LLC grew its holdings in Onto Innovation by 45.7% during the 1st quarter. HB Wealth Management LLC now owns 1,899 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 596 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Onto Innovation in the 1st quarter valued at approximately $201,000. LPL Financial LLC raised its holdings in shares of Onto Innovation by 20.1% in the 1st quarter. LPL Financial LLC now owns 42,849 shares of the semiconductor company’s stock valued at $4,989,000 after purchasing an additional 7,177 shares in the last quarter. Finally, First National Advisers LLC acquired a new stake in shares of Onto Innovation in the 1st quarter valued at $336,000. 98.35% of the stock is owned by institutional investors and hedge funds.

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.