Onto Innovation Q2 EPS Forecast Lifted by Zacks Research

Onto Innovation Inc. (NYSE:ONTO) – Zacks Research raised their Q2 2026 EPS estimates for shares of Onto Innovation in a research report issued on Monday, May 25th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings of $1.65 per share for the quarter, up from their previous estimate of $1.46. The consensus estimate for Onto Innovation’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Onto Innovation’s Q1 2028 earnings at $1.99 EPS and FY2028 earnings at $9.40 EPS.

Several other analysts also recently weighed in on the stock. Oppenheimer set a $370.00 price objective on shares of Onto Innovation in a research report on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Onto Innovation in a report on Friday, April 17th. Stifel Nicolaus set a $350.00 target price on shares of Onto Innovation and gave the company a “buy” rating in a report on Friday, April 17th. Cantor Fitzgerald lifted their target price on shares of Onto Innovation from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, April 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 target price on shares of Onto Innovation in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Onto Innovation presently has a consensus rating of “Buy” and a consensus target price of $310.63.

Onto Innovation Trading Up 4.6%

Shares of NYSE:ONTO opened at $274.27 on Wednesday. The company has a market capitalization of $13.64 billion, a PE ratio of 128.16, a P/E/G ratio of 1.28 and a beta of 1.70. Onto Innovation has a twelve month low of $89.40 and a twelve month high of $316.00. The firm has a 50 day simple moving average of $252.60 and a 200-day simple moving average of $205.27.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share 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%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 EPS.

Hedge Funds Weigh In On Onto Innovation

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC grew its stake in shares of Onto Innovation by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 99 shares during the period. Transamerica Financial Advisors LLC grew its stake in shares of Onto Innovation by 188.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 115 shares during the period. Root Financial Partners LLC grew its stake in shares of Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 74 shares during the period. Westside Investment Management Inc. grew its stake in shares of Onto Innovation by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Onto Innovation by 109.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 128 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

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.