Onto Innovation’s (ONTO) Hold (C) Rating Reiterated at Weiss Ratings

Onto Innovation (NYSE:ONTO)‘s stock had its “hold (c)” rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

ONTO has been the topic of a number of other reports. Jefferies Financial Group upgraded Onto Innovation from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $170.00 in a research note on Tuesday, September 23rd. B. Riley upped their price target on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Oppenheimer increased their price objective on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Benchmark reduced their target price on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, Stifel Nicolaus lifted their price target on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 13th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.57.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $134.73 on Friday. Onto Innovation has a 1 year low of $85.88 and a 1 year high of $228.42. The stock has a market cap of $6.60 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61. The firm has a fifty day moving average price of $121.32 and a 200-day moving average price of $110.11.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.02). Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, research analysts expect that Onto Innovation will post 6.26 EPS for the current year.

Institutional Investors Weigh In On Onto Innovation

Large investors have recently made changes to their positions in the company. William Blair Investment Management LLC grew its holdings in Onto Innovation by 650.4% in the second quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock worth $110,908,000 after purchasing an additional 952,419 shares during the last quarter. Voya Investment Management LLC raised its position in Onto Innovation by 4,494.6% during the third quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock worth $111,974,000 after acquiring an additional 849,702 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Onto Innovation by 1,510.2% in the second quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock valued at $90,956,000 after purchasing an additional 845,213 shares during the period. Norges Bank purchased a new stake in Onto Innovation during the second quarter worth approximately $71,961,000. Finally, Situational Awareness LP acquired a new stake in Onto Innovation in the first quarter valued at $71,192,000. 98.35% of the stock is owned by institutional investors.

About Onto Innovation

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.