Analysts Offer Predictions for Onto Innovation FY2025 Earnings

Onto Innovation Inc. (NYSE:ONTO) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Onto Innovation in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst M. Prisco expects that the semiconductor company will post earnings of $6.55 per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $250.00 target price on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $5.22 per share.

Several other research analysts have also issued reports on the company. Jefferies Financial Group dropped their target price on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Oppenheimer restated an “outperform” rating and set a $275.00 price objective on shares of Onto Innovation in a report on Tuesday, December 17th. Needham & Company LLC reduced their target price on Onto Innovation from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average price target of $253.75.

Onto Innovation Trading Up 1.5 %

Shares of NYSE:ONTO opened at $219.90 on Wednesday. Onto Innovation has a 12 month low of $145.15 and a 12 month high of $238.93. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 59.59, a PEG ratio of 1.12 and a beta of 1.29. The firm’s 50-day moving average is $174.89 and its 200 day moving average is $191.64.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.31 by $0.03. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. The company had revenue of $252.20 million during the quarter, compared to analyst estimates of $250.85 million. During the same period in the previous year, the firm earned $0.96 earnings per share. Onto Innovation’s quarterly revenue was up 21.7% compared to the same quarter last year.

Insider Activity

In other news, CEO Michael P. Plisinski sold 20,000 shares of Onto Innovation stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total value of $4,003,800.00. Following the transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. This trade represents a 8.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the sale, the senior vice president now owns 15,223 shares of the company’s stock, valued at $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,827 shares of company stock worth $10,510,535. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Onto Innovation

A number of institutional investors have recently modified their holdings of ONTO. Envestnet Asset Management Inc. grew its stake in Onto Innovation by 15.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 68,943 shares of the semiconductor company’s stock worth $15,137,000 after buying an additional 9,319 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Onto Innovation during the second quarter worth about $5,878,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Onto Innovation by 124.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,649 shares of the semiconductor company’s stock worth $1,240,000 after acquiring an additional 3,136 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Onto Innovation by 7.5% during the second quarter. Hsbc Holdings PLC now owns 3,584 shares of the semiconductor company’s stock valued at $791,000 after acquiring an additional 250 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Onto Innovation by 1.7% in the 2nd quarter. Pacer Advisors Inc. now owns 13,573 shares of the semiconductor company’s stock valued at $2,980,000 after purchasing an additional 232 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Company Profile

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.