Onto Innovation Inc. (NYSE:ONTO – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $320.60.
Several research firms recently issued reports on ONTO. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price objective on shares of Onto Innovation in a report on Wednesday, May 6th. Zacks Research downgraded Onto Innovation from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Oppenheimer reaffirmed an “outperform” rating on shares of Onto Innovation in a research report on Monday, June 1st. Cantor Fitzgerald lifted their price target on Onto Innovation from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 6th. Finally, Stifel Nicolaus set a $350.00 price target on Onto Innovation and gave the stock a “buy” rating in a research report on Friday, April 17th.
Get Our Latest Stock Report on Onto Innovation
Onto Innovation Trading Down 0.1%
Onto Innovation (NYSE:ONTO – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $291.95 million during the quarter, compared to the consensus estimate of $292.00 million. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. Onto Innovation’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS. Equities research analysts forecast that Onto Innovation will post 7.14 EPS for the current fiscal year.
Institutional Investors Weigh In On Onto Innovation
Hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC lifted 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 valued at $34,000 after buying an additional 99 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 115 shares during the period. Root Financial Partners LLC lifted its stake in shares of Onto Innovation by 71.2% in the fourth 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. CIBC Private Wealth Group LLC lifted its stake in shares of Onto Innovation by 109.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 128 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Onto Innovation in the fourth quarter valued at about $39,000. Institutional investors own 98.35% of the company’s stock.
About Onto Innovation
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.
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