Onto Innovation (NYSE:ONTO) Stock Rating Upgraded by Zacks Research

Onto Innovation (NYSE:ONTO) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

ONTO has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 15th. Oppenheimer boosted their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of Onto Innovation in a research note on Tuesday, November 18th. B. Riley lifted their price objective on shares of Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Evercore ISI upped their target price on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

Onto Innovation Trading Up 5.0%

Shares of ONTO opened at $165.78 on Wednesday. The company’s 50-day moving average price is $145.83 and its 200 day moving average price is $123.24. Onto Innovation has a 12-month low of $85.88 and a 12-month high of $228.42. The firm has a market cap of $8.12 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The business had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. During the same period in the previous year, the firm earned $1.34 EPS. The business’s revenue was down 13.5% on a year-over-year basis. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Equities research analysts forecast that Onto Innovation will post 6.26 earnings per share for the current year.

Institutional Trading of Onto Innovation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AIA Group Ltd purchased a new position in shares of Onto Innovation in the 3rd quarter valued at $1,246,000. Swiss Life Asset Management Ltd purchased a new stake in Onto Innovation in the third quarter valued at $297,000. Danske Bank A S purchased a new position in shares of Onto Innovation during the third quarter worth about $39,000. Silvant Capital Management LLC increased its position in shares of Onto Innovation by 13.6% during the third quarter. Silvant Capital Management LLC now owns 5,528 shares of the semiconductor company’s stock worth $714,000 after purchasing an additional 660 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Onto Innovation in the 3rd quarter valued at about $1,294,000. Institutional investors and hedge funds 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.