Onto Innovation (NYSE:ONTO) Stock Rating Raised to “Moderate Buy” at Royal Bank Of Canada

by · The Markets Daily

Onto Innovation (NYSE:ONTO – Get Free Report) was upgraded by equities research analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued to clients and investors on Friday, Zacks reports.

Other research analysts also recently issued reports about the stock. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Onto Innovation in a research note on Friday, June 5th. They set a “buy” rating and a $350.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Onto Innovation in a report on Monday, August 17th. They issued a “buy” rating and a $400.00 price objective on the stock. Oppenheimer upped their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $380.00.

Check Out Our Latest Report on ONTO

Onto Innovation Stock Performance

Shares of NYSE:ONTO opened at $327.49 on Friday. The business’s 50-day simple moving average is $282.63 and its 200 day simple moving average is $278.00. The company has a market cap of $16.07 billion, a P/E ratio of 123.12, a PEG ratio of 1.03 and a beta of 1.58. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. Onto Innovation has a one year low of $118.97 and a one year high of $386.46.

Onto Innovation (NYSE:ONTO – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The firm had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. During the same quarter in the prior year, the business earned $1.25 EPS. Onto Innovation’s quarterly revenue was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, sell-side analysts forecast that Onto Innovation will post 8.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction 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 sale, the director owned 2,684 shares in the company, valued at approximately $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director directly owned 10,692 shares in the company, valued at $3,207,600. This represents a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Onto Innovation

Institutional investors have recently modified their holdings of the stock. Fiduciary Financial Advisors bought a new position in shares of Onto Innovation during the second quarter worth about $25,000. Highland Investment Advisors LLC bought a new stake in Onto Innovation in the second quarter valued at about $25,000. Root Financial Partners LLC increased its holdings in Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. Millstone Evans Group LLC raised its stake in Onto Innovation by 147.8% during the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 99 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in Onto Innovation during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

About Onto Innovation

(Get Free Report)

Onto Innovation Inc (NYSE: ONTO) develops process control, inspection, metrology and lithography solutions for the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and control production processes, identify defects and improve yields during the fabrication of integrated circuits and other electronic components.

The company’s product portfolio includes optical and materials metrology systems, wafer and macro-defect inspection equipment, lithography systems, software and data-analysis tools, and solutions for semiconductor packaging and related applications.

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