Onto Innovation (NYSE:ONTO) Stock Price Up 6.2% – Should You Buy?

Onto Innovation Inc. (NYSE:ONTO) rose 6.2% during trading on Friday . The company traded as high as $266.28 and last traded at $268.2260. 92,042 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,068,917 shares. The stock had previously closed at $252.46.

Analysts Set New Price Targets

ONTO has been the subject of several recent research reports. Jefferies Financial Group increased their target price on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 price target on the stock. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Cantor Fitzgerald raised their price objective on Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Onto Innovation has an average rating of “Buy” and an average target price of $380.30.

Onto Innovation Stock Performance

The firm’s 50-day moving average price is $294.79 and its two-hundred day moving average price is $268.01. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $13.05 billion, a PE ratio of 100.05, a P/E/G ratio of 0.83 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating 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 prior year, the firm earned $1.25 EPS. The firm’s quarterly revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, research analysts predict that Onto Innovation Inc. will post 8.04 earnings per share for the current fiscal year.

Insider Activity at Onto Innovation

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

Hedge Funds Weigh In On Onto Innovation

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fiduciary Financial Advisors acquired a new position in shares of Onto Innovation in the 2nd quarter valued at about $25,000. Highland Investment Advisors LLC acquired a new position in Onto Innovation in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC increased its stake in Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the period. Transamerica Financial Advisors LLC lifted its position in Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after buying an additional 115 shares in the last quarter. Finally, Millstone Evans Group LLC boosted its stake in shares of Onto Innovation by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

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.