Onto Innovation (NYSE:ONTO) Price Target Raised to $200.00

Onto Innovation (NYSE:ONTO) had its price objective increased by stock analysts at Needham & Company LLC from $150.00 to $200.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target indicates a potential upside of 12.14% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Oppenheimer lifted their price target on Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 target price on shares of Onto Innovation in a research note on Tuesday, December 16th. Jefferies Financial Group boosted their price objective 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. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.25.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $178.35 on Tuesday. The company has a 50-day moving average price of $146.71 and a 200-day moving average price of $124.18. The stock has a market capitalization of $8.74 billion, a P/E ratio of 50.38, a P/E/G ratio of 0.93 and a beta of 1.46. Onto Innovation has a 1 year low of $85.88 and a 1 year high of $228.42.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The firm had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. During the same period in the previous year, the firm earned $1.34 EPS. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, equities research analysts anticipate that Onto Innovation will post 6.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Onto Innovation

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Onto Innovation by 1,217.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after purchasing an additional 1,292,772 shares during the last quarter. William Blair Investment Management LLC boosted its position in Onto Innovation by 650.4% in the 2nd quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock valued at $110,908,000 after buying an additional 952,419 shares during the period. Voya Investment Management LLC increased its holdings in Onto Innovation by 4,494.6% during the 3rd quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock worth $111,974,000 after purchasing an additional 849,702 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Onto Innovation by 1,510.2% during the second quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock valued at $90,956,000 after buying an additional 845,213 shares during the period. Finally, Norges Bank purchased a new position in Onto Innovation during the 2nd quarter valued at about $71,961,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

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.