Onto Innovation (NYSE:ONTO) Given New $330.00 Price Target at Needham & Company LLC

Onto Innovation (NYSE:ONTO) had its price target boosted by Needham & Company LLC from $320.00 to $330.00 in a research report released on Wednesday, MarketBeat Ratings reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

ONTO has been the subject of a number of other research reports. Cantor Fitzgerald lifted their target price on Onto Innovation from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, April 6th. Oppenheimer lifted their target price on Onto Innovation from $265.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Jefferies Financial Group reissued a “buy” rating and issued a $350.00 target price on shares of Onto Innovation in a report on Wednesday. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, April 27th. Finally, B. Riley Financial lifted their target price on Onto Innovation from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $310.63.

Onto Innovation Stock Down 3.5%

ONTO stock opened at $294.47 on Wednesday. Onto Innovation has a twelve month low of $85.88 and a twelve month high of $316.00. The firm has a market cap of $14.65 billion, a PE ratio of 137.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.70. The business has a 50 day moving average of $233.97 and a 200 day moving average of $191.83.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Onto Innovation had a return on equity of 11.84% and a net margin of 10.32%.The company had revenue of $291.95 million during the quarter, compared to analyst estimates of $292.00 million. During the same quarter last year, the company earned $1.51 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts expect that Onto Innovation will post 6.72 earnings per share for the current fiscal year.

Institutional Trading of Onto Innovation

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Onto Innovation by 5.5% in the third quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock worth $732,342,000 after acquiring an additional 294,393 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Onto Innovation by 80.3% in the third quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock worth $256,083,000 after acquiring an additional 882,901 shares during the period. Wellington Management Group LLP grew its holdings in shares of Onto Innovation by 1,217.0% in the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after acquiring an additional 1,292,772 shares during the period. Franklin Resources Inc. grew its holdings in shares of Onto Innovation by 21.4% in the fourth quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock worth $213,585,000 after acquiring an additional 238,500 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Onto Innovation by 45.4% in the fourth quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock worth $178,024,000 after acquiring an additional 352,316 shares during the period. Institutional investors own 98.35% of the company’s stock.

More Onto Innovation News

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

• Positive Sentiment: Q1 EPS beat street expectations ($1.42 vs. $1.38) and revenue hit a record ~$292M with ~10% sequential growth — showing demand strength in semiconductors. Onto Innovation Reports 2026 First Quarter Results
• Positive Sentiment: Management set ambitious forward targets: expecting 2026 revenue growth of >30% and targeting Q4 operating margin >30% — a clear signal of confidence in multi-quarter demand and margin expansion. Onto expects 2026 revenue growth of more than 30%
• Positive Sentiment: Product momentum: the Dragonfly G5 system qualified at leading 2.5D logic and HBM customers, supporting future revenue upside from new systems. Onto Innovation Reports 2026 First Quarter Results
• Positive Sentiment: Analyst support: Needham raised its price target to $330 and kept a Buy rating, indicating continued analyst confidence and potential upside. Analyst price target raise
• Neutral Sentiment: Revenue roughly matched consensus ($291.95M vs. $292.00M) — technically in line but not a clear upside surprise. Q1 earnings and revenues top estimates
• Neutral Sentiment: Full earnings call / transcript released — useful for investors who want management detail on bookings, backlog and timing of margin improvement. Q1 2026 Earnings Call Summary
• Negative Sentiment: EPS declined year-over-year (from $1.51 to $1.42) and the stock trades at a high multiple (PE ~106), which can trigger profit-taking and sensitivity to any execution risk — likely a driver of today’s sell-off despite the beat. Earnings beat; AI chip demand lifts revenue

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.