Q2 Earnings Estimate for Onto Innovation Issued By B. Riley

Onto Innovation Inc. (NYSE:ONTO - Free Report) - B. Riley lowered their Q2 2025 earnings per share (EPS) estimates for Onto Innovation in a research report issued on Monday, April 21st. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $1.42 per share for the quarter, down from their previous forecast of $1.48. The consensus estimate for Onto Innovation's current full-year earnings is $6.26 per share. B. Riley also issued estimates for Onto Innovation's Q3 2025 earnings at $1.51 EPS, Q4 2025 earnings at $1.60 EPS, FY2025 earnings at $5.99 EPS, Q1 2026 earnings at $1.60 EPS, Q2 2026 earnings at $1.67 EPS, Q3 2026 earnings at $1.77 EPS, Q4 2026 earnings at $1.84 EPS, FY2026 earnings at $6.88 EPS and FY2027 earnings at $7.79 EPS.

A number of other equities analysts also recently weighed in on the stock. Oppenheimer dropped their price target on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $218.13.

Onto Innovation Price Performance

Onto Innovation stock traded down $0.21 during mid-day trading on Tuesday, hitting $125.50. The company's stock had a trading volume of 550,585 shares, compared to its average volume of 797,813. The company has a market cap of $6.13 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The firm's 50 day moving average is $131.43 and its 200 day moving average is $166.87. Onto Innovation has a 52-week low of $98.21 and a 52-week high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%.

Hedge Funds Weigh In On Onto Innovation

Several hedge funds have recently added to or reduced their stakes in ONTO. UMB Bank n.a. raised its holdings in shares of Onto Innovation by 22.8% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company's stock worth $66,000 after buying an additional 74 shares in the last quarter. Bridge City Capital LLC increased its position in 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 during the period. CIBC Asset Management Inc raised its position in Onto Innovation by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company's stock worth $256,000 after purchasing an additional 81 shares during the last quarter. Hunter Perkins Capital Management LLC raised its position in shares of Onto Innovation by 3.9% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company's stock worth $403,000 after acquiring an additional 90 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its stake in shares of Onto Innovation by 9.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 1,150 shares of the semiconductor company's stock worth $191,000 after acquiring an additional 100 shares during the period. Institutional investors own 98.35% of the company's stock.

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.