Onto Innovation (NYSE:ONTO) Trading 7.5% Higher – Here’s Why

Posted by Brenda Bartman on Aug 13th, 2026

Shares of Onto Innovation Inc. (NYSE:ONTO – Get Free Report) were up 7.5% during trading on Tuesday . The company traded as high as $311.11 and last traded at $313.2860. 85,643 shares traded hands during trading, a decline of 92% from the average daily volume of 1,083,103 shares. The stock had previously closed at $291.35.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ONTO shares. Stifel Nicolaus set a $350.00 price target on shares of Onto Innovation and gave the company a “buy” rating in a research note on Friday, April 17th. Oppenheimer lifted their price target 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. Jefferies Financial Group upped their price objective on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings lowered Onto Innovation from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Finally, Freedom Capital upgraded Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of “Buy” and an average target price of $378.11.

Get Our Latest Analysis on Onto Innovation

Onto Innovation Price Performance

The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 126.36, a PEG ratio of 1.07 and a beta of 1.59. The stock’s 50-day simple moving average is $299.71 and its 200 day simple moving average is $258.43.

Onto Innovation (NYSE:ONTO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities research analysts anticipate that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ONTO. Parallel Advisors LLC grew its holdings in shares of Onto Innovation by 16.5% in the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 56 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Onto Innovation by 4.9% in the 1st quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 64 shares during the period. Root Financial Partners LLC boosted its position in Onto Innovation by 71.2% in the 4th 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 period. Smartleaf Asset Management LLC grew its stake in shares of Onto Innovation by 8.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock worth $186,000 after acquiring an additional 92 shares in the last quarter. Finally, Millstone Evans Group LLC grew its stake in shares of Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 99 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.