Onto Innovation (NYSE:ONTO) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Onto Innovation (NYSE:ONTO) announced its earnings results on Thursday. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03, Zacks reports. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business had revenue of $218.19 million during the quarter, compared to analyst estimates of $220.23 million. Onto Innovation updated its Q4 2025 guidance to 1.180-1.330 EPS.

Onto Innovation Stock Down 3.2%

ONTO stock traded down $4.29 during mid-day trading on Thursday, reaching $131.47. 1,737,432 shares of the company traded hands, compared to its average volume of 1,271,406. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 0.94 and a beta of 1.64. Onto Innovation has a fifty-two week low of $85.88 and a fifty-two week high of $228.42. The firm’s 50 day moving average price is $125.49 and its 200 day moving average price is $110.74.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ONTO shares. Benchmark decreased their price target on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Stifel Nicolaus increased their price target on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 13th. B. Riley increased their price target on Onto Innovation from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Oppenheimer raised their target price on Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.00.

Hedge Funds Weigh In On Onto Innovation

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in shares of Onto Innovation by 206.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock worth $58,000 after buying an additional 389 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Onto Innovation by 56.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the semiconductor company’s stock worth $108,000 after buying an additional 393 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Onto Innovation by 6.3% during the 2nd quarter. Captrust Financial Advisors now owns 3,678 shares of the semiconductor company’s stock worth $371,000 after buying an additional 217 shares in the last quarter. Teza Capital Management LLC bought a new position in shares of Onto Innovation during the 2nd quarter worth approximately $371,000. Finally, Cetera Investment Advisers lifted its position in shares of Onto Innovation by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock worth $405,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Company Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.