Onto Innovation (NYSE:ONTO) Stock Price Target Lowered at Royal Bank Of Canada

Posted by Geri Gentry on Nov 10th, 2026

Onto Innovation (NYSE:ONTO – Get Free Report) had its price target dropped by investment analysts at Royal Bank Of Canada from $400.00 to $350.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Royal Bank Of Canada‘s price target indicates a potential upside of 77.27% from the stock’s previous close.

Several other analysts also recently weighed in on ONTO. Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of Onto Innovation in a research note on Tuesday, October 20th. Stifel Nicolaus cut their price target on shares of Onto Innovation from $350.00 to $305.00 and set a “buy” rating on the stock in a report on Tuesday. The Goldman Sachs Group began coverage on shares of Onto Innovation in a research note on Monday, August 17th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, Needham & Company LLC decreased their price objective on shares of Onto Innovation from $360.00 to $285.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $362.27.

View Our Latest Analysis on ONTO

Onto Innovation Trading Up 1.7%

Shares of NYSE ONTO traded up $3.39 during midday trading on Tuesday, hitting $197.43. The company’s stock had a trading volume of 964,192 shares, compared to its average volume of 1,060,210. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $252.12 and its two-hundred day moving average is $259.19. Onto Innovation has a 12-month low of $121.57 and a 12-month high of $386.46. The firm has a market cap of $9.69 billion, a P/E ratio of 74.45, a price-to-earnings-growth ratio of 0.60 and a beta of 1.66.

Onto Innovation (NYSE:ONTO – Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $392.08 million. During the same quarter in the previous year, the business earned $0.92 EPS. Onto Innovation’s revenue was up 87.8% compared to the same quarter last year. As a group, equities research analysts expect that Onto Innovation will post 8.04 EPS for the current year.

Insider Activity at Onto Innovation

In related news, Director Susan D. 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 transaction, the director directly owned 2,684 shares of the company’s stock, valued at $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 the business’s 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 completion of the transaction, the director directly owned 10,692 shares of the company’s stock, valued at $3,207,600. This trade 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 corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ONTO. Andar Capital Management HK Ltd bought a new stake in Onto Innovation during the second quarter valued at about $69,000,000. BlackRock Inc. purchased a new position in Onto Innovation in the second quarter valued at about $2,083,436,000. Paradigm Capital Management Inc. NY purchased a new position in Onto Innovation in the second quarter valued at about $416,839,000. Dimensional Fund Advisors LP grew its stake in 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 last quarter. Finally, William Blair Investment Management LLC bought a new position in Onto Innovation in the second quarter worth about $251,812,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation News Summary

Here are the key news stories impacting Onto Innovation this week:

Positive Sentiment: Q3 revenue reached a record $409.75 million, up 87.8% year over year, while EPS of $2.44 exceeded consensus estimates. The company said revenue, operating margin and EPS were above the high end of its prior guidance. Onto Innovation Reports 2026 Third Quarter Results
Positive Sentiment: Q4 guidance calls for revenue of $430 million–$450 million and EPS of $2.59–$2.79, both above analyst forecasts. A backlog exceeding $1.3 billion and AI-related demand add support to the growth outlook. Onto Innovation outlines Q4 outlook and backlog
Neutral Sentiment: B. Riley maintained its Buy rating but cut its price target to $285 from $340, reflecting a more cautious target despite continued positive analyst sentiment. B. Riley adjusts price target and maintains Buy rating
Negative Sentiment: Coverage flags valuation and execution risks: sustaining rapid growth and converting the substantial backlog into results may be important to justify investor expectations. Zacks analysis of ONTO’s results and risks

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.

Onto Innovation was formed in 2019 through the merger of Nanometrics and Rudolph Technologies.