Zacks Research Raises Earnings Estimates for Onto Innovation

Onto Innovation Inc. (NYSE:ONTO) – Research analysts at Zacks Research upped their Q4 2027 earnings per share estimates for shares of Onto Innovation in a research note issued on Monday, February 16th. Zacks Research analyst Team now forecasts that the semiconductor company will earn $2.06 per share for the quarter, up from their previous estimate of $2.05. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share.

Several other research analysts also recently commented on the company. Evercore lifted their target price on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Needham & Company LLC upped their price objective on shares of Onto Innovation from $200.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Stifel Nicolaus increased their price objective on shares of Onto Innovation from $126.00 to $180.00 and gave the company a “hold” rating in a research report on Wednesday, January 14th. Jefferies Financial Group lifted their target price on shares of Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and an average price target of $206.88.

Onto Innovation Stock Up 1.5%

Shares of NYSE ONTO opened at $220.44 on Wednesday. The business’s 50 day moving average price is $188.75 and its two-hundred day moving average price is $147.59. The company has a market cap of $10.80 billion, a PE ratio of 62.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.50. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $229.87.

Institutional Investors Weigh In On Onto Innovation

A number of large investors have recently bought and sold shares of the company. Westside Investment Management Inc. increased its holdings in shares of Onto Innovation by 100.0% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Root Financial Partners LLC increased its holdings in Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 74 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in 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 purchasing an additional 115 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Onto Innovation by 2,061.5% during the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 268 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Onto Innovation during the third quarter worth about $37,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

About Onto Innovation

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.