Brokerages Set Onto Innovation Inc. (NYSE:ONTO) Target Price at $380.30

Shares of Onto Innovation Inc. (NYSE:ONTO) have been given an average rating of “Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $380.30.

Several equities research analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Oppenheimer lifted their price objective on Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $350.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Onto Innovation in a report on Monday, August 17th. They set a “buy” rating and a $400.00 target price on the stock.

Insider Transactions at Onto Innovation

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ONTO. Corient Private Wealth LP increased its stake in shares of Onto Innovation by 52.7% in the 2nd quarter. Corient Private Wealth LP now owns 16,574 shares of the semiconductor company’s stock valued at $6,272,000 after purchasing an additional 5,720 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Onto Innovation in the second quarter worth $6,377,000. California State Teachers Retirement System raised its position in shares of Onto Innovation by 38,382.2% during the second quarter. California State Teachers Retirement System now owns 21,848,297 shares of the semiconductor company’s stock worth $8,268,488,000 after acquiring an additional 21,791,522 shares during the last quarter. Wedmont Private Capital bought a new position in Onto Innovation during the 2nd quarter worth approximately $278,000. Finally, HB Wealth Management LLC lifted its position in shares of Onto Innovation by 4.7% in the 2nd quarter. HB Wealth Management LLC now owns 2,698 shares of the semiconductor company’s stock worth $1,021,000 after purchasing an additional 122 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Trading Down 7.4%

ONTO stock opened at $270.85 on Thursday. Onto Innovation has a 52 week low of $101.00 and a 52 week high of $386.46. The company has a market capitalization of $13.29 billion, a PE ratio of 101.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The company’s 50-day simple moving average is $300.77 and its 200 day simple moving average is $266.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.24. The business had revenue of $343.13 million during the quarter, compared to analysts’ expectations 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 was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, sell-side analysts anticipate that Onto Innovation will post 7.88 earnings per share for the current year.

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.