Zacks Research Weighs in on Onto Innovation Q3 Earnings

Onto Innovation Inc. (NYSE:ONTO) – Equities research analysts at Zacks Research boosted their Q3 2026 EPS estimates for Onto Innovation in a report released on Thursday, August 27th. Zacks Research analyst Team now anticipates that the semiconductor company will earn $2.20 per share for the quarter, up from their previous forecast of $1.73. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $7.88 per share. Zacks Research also issued estimates for Onto Innovation’s Q4 2026 earnings at $2.33 EPS, FY2026 earnings at $7.88 EPS, Q2 2027 earnings at $2.75 EPS, Q3 2027 earnings at $3.52 EPS, Q4 2027 earnings at $2.73 EPS, FY2027 earnings at $10.88 EPS, Q2 2028 earnings at $3.11 EPS and FY2028 earnings at $12.22 EPS.

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. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The company’s revenue was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS.

Other equities research analysts have also recently issued reports about the stock. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Needham & Company LLC lifted 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, August 7th. Jefferies Financial Group boosted their target price on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. Morgan Stanley reissued an “overweight” rating and issued a $383.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Onto Innovation in a research note on Friday, June 5th. They set a “buy” rating and a $350.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of “Buy” and an average price target of $380.30.

Onto Innovation Trading Down 1.5%

NYSE ONTO opened at $266.67 on Tuesday. The firm’s fifty day moving average price is $299.13 and its 200 day moving average price is $267.25. Onto Innovation has a 12 month low of $101.00 and a 12 month 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. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 100.25, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59.

Insiders Place Their Bets

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the transaction, the director directly owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Onto Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Andar Capital Management HK Ltd acquired a new stake in shares of Onto Innovation during the second quarter worth about $69,000,000. California State Teachers Retirement System grew its holdings 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 buying an additional 21,791,522 shares during the last quarter. BlackRock Inc. acquired a new position in Onto Innovation in the 2nd quarter valued at about $2,083,436,000. Wellington Management Group LLP raised its stake in Onto Innovation by 1,217.0% during 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 acquiring an additional 1,292,772 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Onto Innovation by 21.4% during the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock valued at $213,585,000 after acquiring an additional 238,500 shares during the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation News Roundup

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

• Positive Sentiment: Zacks Research substantially raised its earnings forecasts for Onto Innovation. Estimates increased to $2.20 EPS for Q3 2026 from $1.73, $2.33 for Q4 2026 from $1.98, and $7.88 for full-year 2026 from $6.78. Longer-term forecasts also rose to $10.88 EPS for 2027 from $8.71 and $12.22 for 2028 from $9.44, signaling stronger expected demand and earnings growth in the semiconductor-equipment business.
• Positive Sentiment: The analyst also lifted estimates for Q2 2027, Q3 2027, Q4 2027 and Q2 2028, while maintaining a “Strong Buy” rating. The revisions support the bullish case for Onto Innovation’s exposure to secular chip-manufacturing trends. Best Momentum Stocks to Buy for August 31st
• Positive Sentiment: Onto Innovation was included in Zacks’ list of Rank #1 momentum stocks, reinforcing the recent analyst optimism. A separate market commentary identified the company as a growth-and-stability candidate tied to ongoing semiconductor manufacturing investment. Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally

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.