Cantor Fitzgerald Forecasts Onto Innovation FY2025 Earnings

Onto Innovation Inc. (NYSE:ONTO) – Investment analysts at Cantor Fitzgerald cut their FY2025 EPS estimates for shares of Onto Innovation in a report issued on Friday, August 8th. Cantor Fitzgerald analyst M. Prisco now anticipates that the semiconductor company will post earnings of $4.92 per share for the year, down from their previous estimate of $5.10. Cantor Fitzgerald has a “Neutral” rating and a $90.00 price target on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $6.26 per share.

A number of other research analysts also recently weighed in on ONTO. Jefferies Financial Group set a $110.00 target price on shares of Onto Innovation and gave the company a “hold” rating in a research report on Tuesday, May 20th. Benchmark decreased their target price on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a research report on Friday. Wall Street Zen raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a research report on Saturday, May 17th. Oppenheimer decreased their target price on shares of Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Finally, Stifel Nicolaus decreased their target price on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

Onto Innovation Trading Up 1.8%

ONTO opened at $104.72 on Monday. The stock has a market capitalization of $5.13 billion, a P/E ratio of 25.92, a P/E/G ratio of 0.69 and a beta of 1.44. Onto Innovation has a 12 month low of $85.88 and a 12 month high of $228.42. The firm’s fifty day simple moving average is $98.54 and its 200 day simple moving average is $121.64.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.02). The company had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Onto Innovation by 177.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company’s stock worth $29,000 after buying an additional 151 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Onto Innovation during the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Onto Innovation by 79.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock worth $30,000 after buying an additional 108 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Onto Innovation by 3,700.0% during the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock worth $32,000 after buying an additional 259 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Onto Innovation during the 4th quarter worth about $38,000. Institutional investors own 98.35% of the company’s stock.

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.