Onto Innovation (NYSE:ONTO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Onto Innovation (NYSE:ONTO) from a hold rating to a buy rating in a research report sent to investors on Sunday.

A number of other research analysts have also recently commented on the company. Cantor Fitzgerald upped their price target on Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft began coverage on Onto Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $350.00 price objective on the stock. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research note on Friday. Finally, Jefferies Financial Group raised their target price on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of “Buy” and a consensus price target of $378.11.

Onto Innovation Price Performance

Shares of ONTO opened at $319.70 on Friday. The firm has a 50-day simple moving average of $298.60 and a two-hundred day simple moving average of $257.56. The stock has a market cap of $15.69 billion, a PE ratio of 120.19, a P/E/G ratio of 0.97 and a beta of 1.59. Onto Innovation has a 1-year low of $101.00 and a 1-year high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.69 by $0.24. The firm had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, analysts forecast that Onto Innovation will post 7.88 EPS for the current year.

Hedge Funds Weigh In On Onto Innovation

Several institutional investors have recently modified their holdings of ONTO. Andar Capital Management HK Ltd acquired a new position in Onto Innovation during the 2nd quarter worth $69,000,000. BlackRock Inc. purchased a new stake in Onto Innovation during the 2nd quarter worth about $2,083,436,000. Wellington Management Group LLP raised its position in Onto Innovation by 1,217.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after purchasing an additional 1,292,772 shares in the last quarter. Norges Bank acquired a new stake in Onto Innovation in the 4th quarter valued at about $104,938,000. Finally, Jennison Associates LLC boosted its stake in shares of Onto Innovation by 1,293.5% in the 4th quarter. Jennison Associates LLC now owns 680,822 shares of the semiconductor company’s stock valued at $107,475,000 after buying an additional 631,965 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Company Profile

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.