Research Analysts’ Recent Ratings Changes for Onto Innovation (ONTO)

Several brokerages have updated their recommendations and price targets on shares of Onto Innovation (NYSE: ONTO) in the last few weeks:

• 2/20/2025 – Onto Innovation had its price target lowered by analysts at Oppenheimer Holdings Inc. from $275.00 to $240.00. They now have an “outperform” rating on the stock.
• 2/11/2025 – Onto Innovation was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/7/2025 – Onto Innovation had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $250.00 price target on the stock.
• 2/7/2025 – Onto Innovation had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $230.00 price target on the stock.
• 2/7/2025 – Onto Innovation had its price target lowered by analysts at Stifel Nicolaus from $270.00 to $250.00. They now have a “buy” rating on the stock.
• 2/7/2025 – Onto Innovation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $230.00 price target on the stock.
• 1/13/2025 – Onto Innovation is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $250.00 price target on the stock.

Onto Innovation Trading Down 2.1 %

Shares of ONTO traded down $3.63 on Thursday, reaching $167.29. The company’s stock had a trading volume of 764,620 shares, compared to its average volume of 980,157. The stock has a market capitalization of $8.26 billion, a PE ratio of 41.21, a PEG ratio of 0.91 and a beta of 1.31. Onto Innovation Inc. has a twelve month low of $145.15 and a twelve month high of $238.93. The firm has a fifty day moving average of $187.05 and a 200-day moving average of $189.61.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. As a group, equities analysts anticipate that Onto Innovation Inc. will post 6.32 EPS for the current fiscal year.

Insider Transactions at Onto Innovation

In other news, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the sale, the senior vice president now owns 15,223 shares in the company, valued at $3,120,715. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the sale, the chief executive officer now owns 215,492 shares of the company’s stock, valued at approximately $43,139,343.48. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,827 shares of company stock worth $18,182,185 in the last quarter. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. GTS Securities LLC boosted its holdings in Onto Innovation by 3.9% in the 4th quarter. GTS Securities LLC now owns 6,806 shares of the semiconductor company’s stock worth $1,134,000 after buying an additional 253 shares during the period. Palisades Investment Partners LLC boosted its holdings in Onto Innovation by 9.5% in the 4th quarter. Palisades Investment Partners LLC now owns 20,412 shares of the semiconductor company’s stock worth $3,402,000 after buying an additional 1,771 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Onto Innovation by 11.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 150,084 shares of the semiconductor company’s stock worth $25,015,000 after buying an additional 15,961 shares during the period. Voloridge Investment Management LLC bought a new position in Onto Innovation in the 4th quarter worth approximately $3,104,000. Finally, iSAM Funds UK Ltd bought a new position in Onto Innovation in the 4th quarter worth approximately $328,000. 98.35% of the stock is owned by institutional investors.

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.