Onto Innovation (NYSE:ONTO) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Onto Innovation (NYSE:ONTO) announced its earnings results on Thursday. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10, Zacks reports. Onto Innovation had a return on equity of 14.41% and a net margin of 20.43%. Onto Innovation updated its Q1 2025 guidance to 1.400-1.540 EPS.

Onto Innovation Trading Down 10.8 %

ONTO stock opened at $187.81 on Friday. Onto Innovation has a 12 month low of $145.15 and a 12 month high of $238.93. The firm has a market capitalization of $9.28 billion, a P/E ratio of 46.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. The firm has a 50 day moving average of $185.54 and a 200-day moving average of $190.38.

Insider Buying and Selling at Onto Innovation

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ONTO shares. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a report on Friday. Stifel Nicolaus cut their price target on shares of Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Friday. Jefferies Financial Group decreased 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 reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Onto Innovation in a research report on Tuesday, December 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price objective on shares of Onto Innovation in a research note on Friday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Onto Innovation currently has a consensus rating of “Moderate Buy” and an average target price of $251.25.

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.