Onto Innovation (NYSE:ONTO) Reaches New 52-Week High – Time to Buy?

Posted by Geri Gentry on Jun 30th, 2026

Onto Innovation Inc. (NYSE:ONTO – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $355.00 and last traded at $356.9890, with a volume of 14295 shares trading hands. The stock had previously closed at $351.45.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley assumed coverage on Onto Innovation in a research report on Sunday, June 14th. They issued an “overweight” rating and a $371.00 target price on the stock. Cantor Fitzgerald lifted their price target on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a report on Monday. 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. Stifel Nicolaus set a $350.00 price objective on Onto Innovation and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Weiss Ratings raised shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation presently has an average rating of “Moderate Buy” and an average price target of $339.60.

Read Our Latest Research Report on Onto Innovation

Onto Innovation Trading Up 6.3%

The stock has a fifty day simple moving average of $290.29 and a 200-day simple moving average of $232.35. The stock has a market cap of $18.59 billion, a price-to-earnings ratio of 174.83, a price-to-earnings-growth ratio of 1.32 and a beta of 1.63.

Onto Innovation (NYSE:ONTO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Onto Innovation had a return on equity of 11.68% and a net margin of 10.32%.The company had revenue of $291.95 million during the quarter, compared to analyst estimates of $292.00 million. During the same period in the previous year, the company earned $1.51 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts forecast that Onto Innovation Inc. will post 7.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Onto Innovation

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in Onto Innovation by 1,217.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after purchasing an additional 1,292,772 shares during the period. Franklin Resources Inc. increased its holdings in shares of 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. Geode Capital Management LLC raised its position in shares of Onto Innovation by 45.4% during the fourth quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock valued at $178,024,000 after buying an additional 352,316 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in Onto Innovation by 1.2% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,125,838 shares of the semiconductor company’s stock valued at $177,725,000 after acquiring an additional 12,999 shares during the period. Finally, Geneva Capital Management LLC raised its holdings in Onto Innovation by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,084,447 shares of the semiconductor company’s stock valued at $140,132,000 after acquiring an additional 2,785 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

About Onto Innovation

(Get Free Report)

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.