Onto Innovation (NYSE:ONTO) Price Target Raised to $320.00 at Needham & Company LLC

Onto Innovation (NYSE:ONTO) had its price objective raised by analysts at Needham & Company LLC from $275.00 to $320.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target points to a potential upside of 10.26% from the stock’s current price.

ONTO has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price target on shares of Onto Innovation in a research note on Friday, February 20th. Oppenheimer boosted their price objective on shares of Onto Innovation from $265.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, B. Riley Financial upped their target price on shares of Onto Innovation from $275.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $300.63.

Onto Innovation Stock Down 0.2%

Shares of Onto Innovation stock opened at $290.24 on Monday. Onto Innovation has a 52-week low of $85.88 and a 52-week high of $294.04. The company has a 50 day moving average of $217.08 and a 200 day moving average of $179.51. The company has a market capitalization of $14.44 billion, a P/E ratio of 104.78, a P/E/G ratio of 1.50 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The firm had revenue of $266.87 million during the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter in the prior year, the firm earned $1.51 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, research analysts anticipate that Onto Innovation will post 6.26 earnings per share for the current fiscal year.

Institutional Trading of Onto Innovation

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Onto Innovation by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock worth $732,342,000 after purchasing an additional 294,393 shares during the period. William Blair Investment Management LLC boosted its stake in Onto Innovation by 80.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock worth $256,083,000 after purchasing an additional 882,901 shares during the period. Wellington Management Group LLP boosted its stake in 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 worth $180,778,000 after purchasing an additional 1,292,772 shares during the period. Franklin Resources Inc. boosted its stake in Onto Innovation by 21.4% during the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock worth $213,585,000 after purchasing an additional 238,500 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Onto Innovation by 45.4% during the 4th quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock worth $178,024,000 after purchasing an additional 352,316 shares during the period. Institutional investors and hedge funds 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.