FY2025 EPS Forecast for Onto Innovation Reduced by Analyst

Onto Innovation Inc. (NYSE:ONTO - Free Report) - Cantor Fitzgerald dropped their FY2025 earnings per share estimates for shares of Onto Innovation in a note issued to investors on Friday, February 7th. Cantor Fitzgerald analyst M. Prisco now forecasts that the semiconductor company will earn $6.40 per share for the year, down from their previous estimate of $6.55. Cantor Fitzgerald 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 Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.41%.

A number of other research firms have also recently commented on ONTO. StockNews.com cut Onto Innovation from a "hold" rating to a "sell" rating in a research note on Tuesday. Oppenheimer reiterated an "outperform" rating and issued a $275.00 target price on shares of Onto Innovation in a research note on Tuesday, December 17th. 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. Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Finally, Benchmark reiterated a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, Onto Innovation presently has an average rating of "Moderate Buy" and an average price target of $251.25.

Onto Innovation Stock Up 3.1 %

Onto Innovation stock traded up $5.17 during midday trading on Monday, reaching $173.80. The stock had a trading volume of 1,157,507 shares, compared to its average volume of 987,386. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 42.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. Onto Innovation has a 52-week low of $145.15 and a 52-week high of $238.93. The company has a fifty day moving average of $186.30 and a 200 day moving average of $189.75.

Insiders Place Their Bets

In related news, CEO Michael P. Plisinski sold 20,000 shares of the business's 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 completion of the transaction, the chief executive officer now owns 215,492 shares of the company's stock, 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 filing with the SEC, which is available at the SEC website. Also, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the transaction, the senior vice president now owns 15,223 shares in the company, valued at $3,120,715. This represents a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,827 shares of company stock worth $18,182,185 in the last three months. Corporate insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On Onto Innovation

A number of large investors have recently added to or reduced their stakes in ONTO. Canada Pension Plan Investment Board increased its position in shares of Onto Innovation by 215.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 65,000 shares of the semiconductor company's stock worth $10,834,000 after purchasing an additional 44,400 shares in the last quarter. Jump Financial LLC increased its position in Onto Innovation by 363.3% during the 4th quarter. Jump Financial LLC now owns 24,656 shares of the semiconductor company's stock valued at $4,109,000 after buying an additional 19,334 shares in the last quarter. Barclays PLC raised its stake in Onto Innovation by 32.7% in the fourth quarter. Barclays PLC now owns 288,152 shares of the semiconductor company's stock valued at $48,028,000 after buying an additional 70,962 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Onto Innovation in the fourth quarter worth about $9,684,000. Finally, Sterling Capital Management LLC grew its stake in shares of Onto Innovation by 46.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,360 shares of the semiconductor company's stock worth $393,000 after acquiring an additional 744 shares during the last quarter. 98.35% of the stock is currently owned by 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.