Onto Innovation Inc. (NYSE:ONTO – Get Free Report) has been given a consensus rating of “Buy” by the fourteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $380.00.
A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Onto Innovation in a report on Tuesday. Needham & Company LLC raised their price objective on shares of Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. The Goldman Sachs Group assumed coverage on shares of Onto Innovation in a research note on Monday, August 17th. They set a “buy” rating and a $400.00 target price on the stock. Jefferies Financial Group boosted their target price 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, Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th.
Read Our Latest Stock Analysis on ONTO
Insider Buying and Selling
In other news, Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the sale, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. The trade was a 27.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $600,000.00. Following the sale, the director directly owned 10,692 shares in the company, valued at approximately $3,207,600. The trade was a 15.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in ONTO. Andar Capital Management HK Ltd acquired a new stake in shares of Onto Innovation in the second quarter valued at $69,000,000. BlackRock Inc. purchased a new stake in shares of Onto Innovation in the 2nd quarter valued at $2,083,436,000. Paradigm Capital Management Inc. NY purchased a new stake in shares of Onto Innovation in the 2nd quarter valued at $416,839,000. William Blair Investment Management LLC acquired a new position in Onto Innovation during the 2nd quarter worth about $251,812,000. Finally, Bank of New York Mellon Corp acquired a new position in Onto Innovation during the 2nd quarter worth about $162,052,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.
Onto Innovation Stock Down 3.0%
Shares of NYSE:ONTO opened at $219.48 on Friday. 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 business has a fifty day moving average of $281.69 and a two-hundred day moving average of $283.76. The stock has a market cap of $10.77 billion, a P/E ratio of 82.51, a PEG ratio of 0.74 and a beta of 1.58. Onto Innovation has a 52-week low of $118.97 and a 52-week high of $386.46.
Onto Innovation (NYSE:ONTO – Get Free Report) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period last year, the company earned $1.25 EPS. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, research analysts expect that Onto Innovation will post 8.04 earnings per share for the current year.
Onto Innovation Company Profile
Onto Innovation Inc (NYSE: ONTO) develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.
The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.
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