Analysts Issue Forecasts for Onto Innovation FY2025 Earnings

Onto Innovation Inc. (NYSE:ONTO) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Onto Innovation in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst M. Prisco forecasts that the semiconductor company will earn $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.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group cut their price target on Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC dropped their target price on Onto Innovation from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research report on Friday, November 1st. Finally, Oppenheimer restated an “outperform” rating and issued a $275.00 price objective on shares of Onto Innovation in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Onto Innovation has an average rating of “Moderate Buy” and an average price target of $253.75.

Onto Innovation Price Performance

NYSE:ONTO opened at $219.90 on Wednesday. The company’s fifty day moving average price is $174.89 and its 200-day moving average price is $191.64. Onto Innovation has a 1-year low of $145.15 and a 1-year high of $238.93. The firm has a market capitalization of $10.86 billion, a P/E ratio of 59.59, a PEG ratio of 1.12 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share 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 for the quarter, compared to the consensus estimate of $250.85 million. During the same quarter in the prior year, the company earned $0.96 EPS. Onto Innovation’s quarterly revenue was up 21.7% on a year-over-year basis.

Insider Transactions at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction dated 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 directly owns 15,223 shares in the company, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 of the company’s stock, valued at $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 50,827 shares of company stock valued at $10,510,535 in the last three months. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of Onto Innovation

Several large investors have recently made changes to their positions in the company. Millennium Management LLC lifted its stake in Onto Innovation by 304.9% in the 2nd quarter. Millennium Management LLC now owns 447,844 shares of the semiconductor company’s stock worth $98,329,000 after purchasing an additional 337,250 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Onto Innovation by 38.1% in the third quarter. Congress Asset Management Co. now owns 1,072,796 shares of the semiconductor company’s stock valued at $222,670,000 after purchasing an additional 295,869 shares during the last quarter. Citigroup Inc. lifted its position in Onto Innovation by 811.7% during the third quarter. Citigroup Inc. now owns 319,116 shares of the semiconductor company’s stock worth $66,236,000 after buying an additional 284,115 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Onto Innovation by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock worth $416,863,000 after buying an additional 228,800 shares during the last quarter. Finally, Barclays PLC boosted its stake in Onto Innovation by 1,296.7% during the third quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock worth $45,079,000 after buying an additional 201,640 shares during the last quarter. 98.35% of the stock is currently owned by hedge funds and other 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.