Onto Innovation (NYSE:ONTO) Stock Price Target Cut by Morgan Stanley

Onto Innovation (NYSE:ONTO) had its price objective dropped by stock analysts at Morgan Stanley from $360.00 to $325.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Morgan Stanley‘s price target points to a potential upside of 67.26% from the company’s current price.

Several other equities analysts have also commented on ONTO. Jefferies Financial Group increased their price objective on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Zacks Research cut shares of Onto Innovation from a “strong-buy” rating to a “hold” rating in a research report on Friday. B. Riley Financial reduced their target price on shares of Onto Innovation from $340.00 to $285.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus reduced their target price on shares of Onto Innovation from $350.00 to $305.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Royal Bank Of Canada decreased their target price on shares of Onto Innovation from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.09.

Onto Innovation Price Performance

Shares of Onto Innovation stock traded up $0.27 on Tuesday, hitting $194.31. 1,143,681 shares of the company traded hands, compared to its average volume of 1,061,347. Onto Innovation has a 12-month low of $121.57 and a 12-month high of $386.46. 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 company has a market cap of $9.53 billion, a P/E ratio of 73.06, a P/E/G ratio of 0.60 and a beta of 1.66. The firm’s 50-day simple moving average is $252.12 and its 200 day simple moving average is $259.19.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Monday, November 9th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.14. The company had revenue of $409.75 million during the quarter, compared to analyst estimates of $392.08 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The firm’s quarterly revenue was up 87.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. Analysts expect that Onto Innovation will post 8.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Susan D. Lynch sold 1,000 shares of the 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 sale, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 10,692 shares in the company, valued at $3,207,600. The trade was a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ONTO. Highland Investment Advisors LLC purchased a new position in shares of Onto Innovation during the second quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new stake in Onto Innovation in the second quarter worth $25,000. Provenance Wealth Advisors LLC bought a new stake in Onto Innovation in the third quarter valued at $26,000. CoreCap Advisors LLC bought a new stake in Onto Innovation in the second quarter valued at $38,000. Finally, Rakuten Securities Inc. purchased a new position in Onto Innovation during the 2nd quarter valued at $40,000. Institutional investors own 98.35% of the company’s stock.

Onto Innovation News Summary

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

• Positive Sentiment: Q3 revenue reached a record $409.75 million, up 87.8% year over year, while EPS of $2.44 exceeded consensus estimates. The company said revenue, operating margin and EPS were above the high end of its prior guidance. Onto Innovation Reports 2026 Third Quarter Results
• Positive Sentiment: Q4 guidance calls for revenue of $430 million–$450 million and EPS of $2.59–$2.79, both above analyst forecasts. A backlog exceeding $1.3 billion and AI-related demand add support to the growth outlook. Onto Innovation outlines Q4 outlook and backlog
• Neutral Sentiment: B. Riley maintained its Buy rating but cut its price target to $285 from $340, reflecting a more cautious target despite continued positive analyst sentiment. B. Riley adjusts price target and maintains Buy rating
• Negative Sentiment: Coverage flags valuation and execution risks: sustaining rapid growth and converting the substantial backlog into results may be important to justify investor expectations. Zacks analysis of ONTO’s results and risks

Onto Innovation Company Profile

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects. The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.