Onto Innovation’s (ONTO) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Onto Innovation (NYSE:ONTO) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $150.00 price objective on the semiconductor company’s stock.

ONTO has been the subject of a number of other research reports. Benchmark cut their price objective on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. Oppenheimer raised their target price on Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Evercore ISI lifted their price target on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $170.00 in a report on Tuesday, September 23rd. Finally, Stifel Nicolaus increased their price target on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.25.

Onto Innovation Stock Performance

Shares of ONTO opened at $125.20 on Tuesday. Onto Innovation has a one year low of $85.88 and a one year high of $228.42. The stock has a 50-day moving average of $131.31 and a two-hundred day moving average of $111.59. The stock has a market cap of $6.14 billion, a P/E ratio of 30.99, a P/E/G ratio of 0.94 and a beta of 1.64.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Analysts predict that Onto Innovation will post 6.26 EPS for the current fiscal year.

Institutional Trading of Onto Innovation

Institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. raised its position in Onto Innovation by 100.0% in the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Onto Innovation in the first quarter valued at approximately $29,000. Larson Financial Group LLC increased its holdings in Onto Innovation by 3,700.0% in the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 259 shares during the last quarter. Blue Trust Inc. lifted its stake in Onto Innovation by 2,061.5% during the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Onto Innovation during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors 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.