B. Riley Has Negative Outlook of Onto Innovation Q2 Earnings

Onto Innovation Inc. (NYSE:ONTO) – Stock analysts at B. Riley decreased their Q2 2025 earnings estimates for shares of Onto Innovation in a research report issued to clients and investors on Thursday, May 8th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $1.28 for the quarter, down from their prior estimate of $1.42. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share. B. Riley also issued estimates for Onto Innovation’s Q1 2026 earnings at $1.42 EPS, Q2 2026 earnings at $1.47 EPS, Q3 2026 earnings at $1.54 EPS and Q4 2026 earnings at $1.61 EPS.

Several other research firms have also commented on ONTO. Oppenheimer decreased their price target on shares of Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Needham & Company LLC decreased their price target on shares of Onto Innovation from $230.00 to $150.00 and set a “buy” rating for the company in a report on Friday, May 9th. Benchmark decreased their price target on shares of Onto Innovation from $230.00 to $190.00 and set a “buy” rating for the company in a report on Friday, May 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $135.00 price target (down from $250.00) on shares of Onto Innovation in a report on Monday, May 5th. Finally, Jefferies Financial Group decreased their price target on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.14.

Onto Innovation Price Performance

Shares of ONTO stock opened at $99.19 on Monday. The firm has a market cap of $4.84 billion, a P/E ratio of 24.43, a P/E/G ratio of 0.89 and a beta of 1.55. Onto Innovation has a 1-year low of $85.88 and a 1-year high of $238.93. The firm has a fifty day moving average of $122.48 and a two-hundred day moving average of $158.30.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.04. The company had revenue of $267.00 million during the quarter, compared to analyst estimates of $267.03 million. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $1.18 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ONTO. Barclays PLC boosted its stake in Onto Innovation by 1,296.7% during the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock valued at $45,079,000 after purchasing an additional 201,640 shares during the period. JPMorgan Chase & Co. boosted its stake in Onto Innovation by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock valued at $416,863,000 after purchasing an additional 228,800 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Onto Innovation during the 4th quarter valued at about $2,894,000. Assenagon Asset Management S.A. boosted its stake in Onto Innovation by 8.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 159,346 shares of the semiconductor company’s stock valued at $26,558,000 after purchasing an additional 12,798 shares during the period. Finally, Argent Capital Management LLC bought a new stake in shares of Onto Innovation during the 4th quarter worth about $437,000. 98.35% of the stock is owned by institutional investors and hedge funds.

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.