Onto Innovation (NYSE:ONTO) Price Target Raised to $320.00
by Doug Wharley · The Cerbat GemOnto Innovation (NYSE:ONTO – Free Report) had its price objective lifted by Needham & Company LLC from $275.00 to $320.00 in a research report sent to investors on Monday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.
Several other research firms also recently weighed in on ONTO. B. Riley Financial raised their price target on shares of Onto Innovation from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Evercore reissued an “outperform” rating and issued a $315.00 price target on shares of Onto Innovation in a research note on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Finally, Oppenheimer lifted their target price on shares of Onto Innovation from $265.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $300.63.
Check Out Our Latest Stock Report on Onto Innovation
Onto Innovation Trading Up 2.6%
NYSE:ONTO opened at $297.55 on Monday. The company’s 50-day moving average price is $221.65 and its 200-day moving average price is $182.44. The company has a market cap of $14.80 billion, a P/E ratio of 107.42, a P/E/G ratio of 1.46 and a beta of 1.47. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $301.00.
Onto Innovation (NYSE:ONTO – Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). The business had revenue of $266.87 million during the quarter, compared to analysts’ expectations of $265.78 million. Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, analysts expect that Onto Innovation will post 6.61 earnings per share for the current year.
Hedge Funds Weigh In On Onto Innovation
A number of institutional investors have recently bought and sold shares of ONTO. Westside Investment Management Inc. increased its position in shares of Onto Innovation by 100.0% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 99 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 115 shares during the last quarter. Blue Trust Inc. increased its position in shares of Onto Innovation by 2,061.5% during the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 268 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Onto Innovation during the third quarter valued at about $37,000. 98.35% of the stock is owned by hedge funds and other institutional investors.
About Onto Innovation
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.