Onto Innovation (NYSE:ONTO) Stock Gets Price Target Cut from B. Riley Financial

Posted by Brenda Bartman on Nov 12th, 2026

Onto Innovation (NYSE:ONTO – Free Report) had its target price reduced by B. Riley Financial from $340.00 to $285.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently commented on the company. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Jefferies Financial Group boosted their price objective on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, August 7th. 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. Finally, The Goldman Sachs Group began coverage on shares of Onto Innovation in a report on Monday, August 17th. They issued a “buy” rating and a $400.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $352.08.

Get Our Latest Report on ONTO

Onto Innovation Stock Performance

Shares of NYSE ONTO opened at $215.19 on Monday. The company’s fifty day moving average price is $249.92 and its 200 day moving average price is $259.13. Onto Innovation has a 1 year low of $121.57 and a 1 year high of $386.46. The company has a market capitalization of $10.56 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 0.63 and a beta of 1.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 8.33 and a current ratio of 6.78.

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, beating the consensus estimate of $2.30 by $0.14. Onto Innovation had a net margin of 11.53% and a return on equity of 17.18%. The company had revenue of $409.75 million for the quarter, compared to analyst estimates of $392.06 million. During the same quarter last year, the business earned $0.92 earnings per share. The firm’s revenue was up 87.8% on a year-over-year basis. On average, research analysts predict that Onto Innovation will post 8.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director owned 10,692 shares in the company, valued at approximately $3,207,600. This trade represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan D. 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 transaction, the director owned 2,684 shares in the company, valued at approximately $811,373.20. The trade was a 27.14% 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 owned by corporate insiders.

Institutional Trading of Onto Innovation

Several large investors have recently added to or reduced their stakes in ONTO. BlackRock Inc. acquired a new stake in shares of Onto Innovation in the 2nd quarter worth $2,083,436,000. Paradigm Capital Management Inc. NY acquired a new position in shares of Onto Innovation during the 2nd quarter valued at about $416,839,000. William Blair Investment Management LLC acquired a new position in shares of Onto Innovation during the 2nd quarter valued at about $251,812,000. Bank of New York Mellon Corp purchased a new stake in shares of Onto Innovation in the second quarter valued at about $162,052,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Onto Innovation by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company’s stock valued at $138,898,000 after purchasing an additional 28,137 shares during the period. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Onto Innovation

These are some of the ONTO stories that stood out recently:

Positive Sentiment: Q3 results beat expectations: Onto reported revenue of about $409.8 million, up 88% year over year, and EPS of $2.44, topping analyst estimates of $392.1 million and $2.30, respectively. Article: Onto Innovation posts record Q3 revenue
Positive Sentiment: Q4 outlook exceeded consensus: The company forecast revenue of $430 million–$450 million and EPS of $2.59–$2.79, above analyst estimates of $409.5 million and $2.47. Its backlog also topped $1.3 billion, supporting demand visibility. Article: Onto Innovation Q4 outlook and backlog
Neutral Sentiment: Price targets were reduced, but ratings stayed positive: Freedom Broker cut its target to $325 from $410; Jefferies and RBC lowered theirs to $350 from $400; Morgan Stanley reduced its target to $325 from $360. Each retained a bullish rating, indicating continued optimism but more cautious valuation assumptions. Article: Freedom Broker rating

Onto Innovation Company Profile

(Get Free Report)

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.