Onto Innovation (NYSE:ONTO) Stock Price Up 6.7% – Here’s What Happened

Onto Innovation Inc. (NYSE:ONTO) traded up 6.7% during trading on Monday . The company traded as high as $353.84 and last traded at $353.83. 739,316 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 1,088,478 shares. The stock had previously closed at $331.71.

Wall Street Analyst Weigh In

Several research firms have issued reports on ONTO. Needham & Company LLC upped their price objective on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Freedom Capital upgraded Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Evercore restated an “outperform” rating and set a $390.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Cantor Fitzgerald lifted their target price on shares of Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Onto Innovation has an average rating of “Buy” and a consensus price target of $380.30.

Onto Innovation Trading Down 10.5%

The company has a 50 day simple moving average of $305.03 and a 200 day simple moving average of $261.93. 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 stock has a market capitalization of $15.42 billion, a PE ratio of 118.13, a P/E/G ratio of 1.11 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Fiduciary Financial Advisors purchased a new stake in Onto Innovation in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC lifted its holdings in shares of Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 115 shares in the last quarter. Millstone Evans Group LLC grew its holdings in Onto Innovation by 147.8% during 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 during the period. Finally, CoreCap Advisors LLC acquired a new position in Onto Innovation during the second quarter worth $38,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Company Profile

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.