Onto Innovation Inc. (NYSE:ONTO) Receives $339.60 Average Price Target from Analysts

Shares of Onto Innovation Inc. (NYSE:ONTO) have been given a consensus rating of “Buy” by the twelve ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $378.1111.

ONTO has been the subject of several research analyst reports. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday. Oppenheimer boosted their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Onto Innovation in a report on Friday, June 5th. They set a “buy” rating and a $350.00 price objective for the company. Finally, Needham & Company LLC increased their target price on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday.

Institutional Investors Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in ONTO. Andar Capital Management HK Ltd purchased a new position in Onto Innovation in the second quarter valued at approximately $69,000,000. BlackRock Inc. purchased a new stake in Onto Innovation during the second quarter worth approximately $2,083,436,000. Wellington Management Group LLP grew its stake in Onto Innovation by 1,217.0% during the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after buying an additional 1,292,772 shares during the period. Norges Bank purchased a new stake in Onto Innovation during the fourth quarter worth approximately $104,938,000. Finally, Jennison Associates LLC increased its position in shares of Onto Innovation by 1,293.5% in the fourth quarter. Jennison Associates LLC now owns 680,822 shares of the semiconductor company’s stock worth $107,475,000 after acquiring an additional 631,965 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation News Summary

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

• Positive Sentiment: Q2 results beat expectations: Onto reported adjusted earnings of $1.93 per share versus the $1.69 consensus estimate, while revenue reached a record $343.1 million, up 35.3% year over year and above the $325.3 million expected. Profitability also improved, with gross profit up 50.1% and operating profit nearly doubling. Onto Innovation earnings report
• Positive Sentiment: Raised outlook significantly: Third-quarter EPS guidance of $2.18-$2.38 and revenue guidance of $380 million-$400 million are well above Wall Street estimates of $1.93 and $351.8 million, respectively. The stronger forecast supports expectations for accelerating near-term growth. Onto Innovation second-quarter results
• Positive Sentiment: AI and advanced packaging demand remain strong: Management said backlog exceeded $1.1 billion, with orders extending into 2027. Demand for advanced packaging equipment tied to AI chip production is strengthening the company’s visibility and second-half outlook. ONTO Q2 earnings call highlights
• Positive Sentiment: Analyst confidence increased: Needham raised its price target from $330 to $360 and maintained a Buy rating, reinforcing the positive reaction to the earnings and guidance. Analyst price target update
• Positive Sentiment: Industrywide catalyst: A proposed Tesla-SpaceX “Terafab” chip-manufacturing buildout could increase long-term demand for semiconductor inspection and metrology equipment from Onto and other suppliers. Tesla-SpaceX Terafab chip equipment outlook

Onto Innovation Trading Up 14.5%

Onto Innovation stock opened at $307.78 on Friday. The stock has a market cap of $15.31 billion, a PE ratio of 115.71, a P/E/G ratio of 1.26 and a beta of 1.59. The stock has a 50-day moving average price of $297.04 and a 200 day moving average price of $256.05. Onto Innovation has a 52 week low of $93.50 and a 52 week high of $386.46.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.19%. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities analysts predict that Onto Innovation will post 7.13 EPS 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.