Onto Innovation Inc. (NYSE:ONTO) Stock Now Rated “Buy” by Wall Street Brokerages

Shares of Onto Innovation Inc. (NYSE:ONTO) have been given an average recommendation of “Buy” by the fourteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $380.00.

Several research firms recently commented on ONTO. Needham & Company LLC lifted their price target on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. B. Riley Financial restated a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group increased their price target on Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, August 7th.

Onto Innovation Stock Down 10.7%

Shares of ONTO stock opened at $198.42 on Friday. Onto Innovation has a 12 month low of $118.97 and a 12 month high of $386.46. The stock has a market cap of $9.74 billion, a P/E ratio of 40.17, a P/E/G ratio of 0.73 and a beta of 1.58. 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 50 day simple moving average of $276.61 and a two-hundred day simple moving average of $283.69.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. During the same quarter last year, the company posted $1.25 EPS. The company’s revenue was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, research analysts expect that Onto Innovation will post 8.04 earnings per share for the current year.

Insider Activity

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the firm’s 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 transaction, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 business’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director owned 10,692 shares of the company’s stock, valued at approximately $3,207,600. This represents a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Onto Innovation

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its stake in Onto Innovation by 3.9% in the 2nd quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 37 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in shares of Onto Innovation by 6.6% in the third quarter. Everhart Financial Group Inc. now owns 722 shares of the semiconductor company’s stock worth $222,000 after acquiring an additional 45 shares during the last quarter. Parallel Advisors LLC lifted its position in Onto Innovation by 16.5% during the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock worth $81,000 after buying an additional 56 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Onto Innovation by 4.9% in the 1st quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 64 shares during the last quarter. Finally, Highland Investment Advisors LLC purchased a new stake in Onto Innovation in the 2nd quarter valued at about $25,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Company Profile

Onto Innovation Inc (NYSE: ONTO) develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.

The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.