FY2025 EPS Estimates for Onto Innovation Reduced by Analyst

Onto Innovation Inc. (NYSE:ONTO) – Research analysts at Cantor Fitzgerald decreased their FY2025 earnings per share (EPS) estimates for Onto Innovation in a note issued to investors on Friday, February 7th. Cantor Fitzgerald analyst M. Prisco now expects that the semiconductor company will earn $6.40 per share for the year, down from their prior estimate of $6.55. Cantor Fitzgerald currently has a “Overweight” rating and a $250.00 price target on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $6.46 per share.

ONTO has been the subject of several other research reports. Stifel Nicolaus lowered their price objective on shares of Onto Innovation from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, February 7th. StockNews.com lowered Onto Innovation from a “hold” rating to a “sell” rating in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Oppenheimer reissued an “outperform” rating and set a $275.00 price objective on shares of Onto Innovation in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group lowered their target price on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.25.

Onto Innovation Price Performance

ONTO stock opened at $176.15 on Monday. Onto Innovation has a fifty-two week low of $145.15 and a fifty-two week high of $238.93. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 43.39, a P/E/G ratio of 1.09 and a beta of 1.31. The business has a fifty day moving average price of $186.26 and a 200 day moving average price of $189.99.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.41% and a net margin of 20.43%.

Insider Transactions at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the stock in a transaction dated 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 owns 15,223 shares in the company, valued at approximately $3,120,715. This represents a 5.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael P. Plisinski sold 30,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $211.24, for a total value of $6,337,200.00. Following the completion of the sale, the chief executive officer now owns 185,492 shares in the company, valued at approximately $39,183,330.08. This trade represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,827 shares of company stock valued at $18,182,185 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Onto Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. grew its position in Onto Innovation by 22.8% in the fourth quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 74 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of Onto Innovation by 7.8% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company’s stock worth $218,000 after buying an additional 76 shares during the last quarter. Bridge City Capital LLC grew its holdings in shares of Onto Innovation by 1.0% in the 4th quarter. Bridge City Capital LLC now owns 8,165 shares of the semiconductor company’s stock valued at $1,361,000 after acquiring an additional 78 shares in the last quarter. Hunter Perkins Capital Management LLC increased its position in shares of Onto Innovation by 3.6% in the third quarter. Hunter Perkins Capital Management LLC now owns 2,325 shares of the semiconductor company’s stock valued at $483,000 after acquiring an additional 80 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Onto Innovation by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company’s stock worth $256,000 after acquiring an additional 81 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

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.