Onto Innovation (NYSE:ONTO – Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.590-2.790 for the period, compared to the consensus earnings per share estimate of 2.470. The company issued revenue guidance of $430.0 million-$450.0 million, compared to the consensus revenue estimate of $409.5 million.
Onto Innovation Stock Up 12.0%
Shares of Onto Innovation stock opened at $194.15 on Tuesday. Onto Innovation has a 1 year low of $121.57 and a 1 year high of $386.46. The business has a 50-day moving average of $252.12 and a two-hundred day moving average of $259.19. The company has a market capitalization of $9.53 billion, a P/E ratio of 72.99, a price-to-earnings-growth ratio of 0.60 and a beta of 1.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.
Onto Innovation (NYSE:ONTO – Get Free Report) last released its quarterly earnings results on Monday, November 9th. The semiconductor company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.14. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The company had revenue of $409.75 million for the quarter, compared to analyst estimates of $392.08 million. During the same quarter last year, the firm posted $0.92 earnings per share. Onto Innovation’s revenue was up 87.8% compared to the same quarter last year. As a group, equities analysts predict that Onto Innovation will post 8.04 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently issued reports on ONTO. Royal Bank Of Canada started coverage on Onto Innovation in a research note on Friday, October 2nd. They set an “outperform” rating and a $400.00 target price for the company. B. Riley Financial dropped their target price on shares of Onto Innovation from $340.00 to $285.00 and set a “buy” rating on the stock in a report on Monday. Zacks Research lowered shares of Onto Innovation from a “strong-buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group upped their price target on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Morgan Stanley reduced their price target on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating for the company in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $370.91.
Get Our Latest Stock Analysis on ONTO
Insider Transactions at Onto Innovation
In related news, Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $302.30, for a total value of $302,300.00. Following the sale, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 10,692 shares in the company, valued at approximately $3,207,600. This represents a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.
Key Headlines Impacting Onto Innovation
Here are the key news stories impacting Onto Innovation this week:
- Positive Sentiment: Q3 revenue reached a record $409.8 million, up 87.8% year over year, while EPS of $2.44 topped analyst estimates of about $2.30. Revenue, operating margin and EPS also exceeded the high end of the company’s prior guidance. Onto Innovation Reports 2026 Third Quarter Results
- Positive Sentiment: Management forecast Q4 revenue of $430 million to $450 million, and the company’s backlog exceeded $1.3 billion—signals of continued demand and revenue visibility. Onto Innovation outlines Q4 outlook and backlog
- Negative Sentiment: B. Riley lowered its price target to $285 from $340, indicating a more cautious valuation view, but kept its Buy rating. B. Riley adjusts price target and maintains Buy rating
Onto Innovation Company Profile
Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects.
The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.
Onto Innovation was formed in 2019 through the merger of Nanometrics and Rudolph Technologies.
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