Onto Innovation Inc. (NYSE:ONTO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Onto Innovation Inc. (NYSE:ONTO) have received a consensus rating of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $380.30.

A number of brokerages have issued reports on ONTO. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Cantor Fitzgerald raised their price target on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Evercore restated an “outperform” rating and set a $390.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Finally, Needham & Company LLC increased their target price on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 7th.

Insider Activity at Onto Innovation

In other news, Director Susan D. Lynch sold 1,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the transaction, the director directly owned 2,684 shares in the company, valued at $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ONTO. Andar Capital Management HK Ltd bought a new position in Onto Innovation during the 2nd quarter valued at $69,000,000. California State Teachers Retirement System boosted its stake in Onto Innovation by 38,382.2% during the second quarter. California State Teachers Retirement System now owns 21,848,297 shares of the semiconductor company’s stock valued at $8,268,488,000 after buying an additional 21,791,522 shares in the last quarter. BlackRock Inc. acquired a new position in Onto Innovation during the second quarter worth about $2,083,436,000. Wellington Management Group LLP raised its position in Onto Innovation by 1,217.0% in the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after acquiring an additional 1,292,772 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Onto Innovation by 21.4% in the fourth quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock worth $213,585,000 after acquiring an additional 238,500 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Price Performance

Shares of NYSE:ONTO opened at $266.67 on Thursday. The firm’s 50 day moving average is $299.13 and its two-hundred day moving average is $267.25. The firm has a market capitalization of $13.09 billion, a P/E ratio of 100.25, a PEG ratio of 0.90 and a beta of 1.59. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. Onto Innovation has a 52 week low of $101.00 and a 52 week high of $386.46.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts anticipate that Onto Innovation will post 7.88 earnings per share for the current year.

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.