Onto Innovation (NYSE:ONTO) Releases Earnings Results

Onto Innovation (NYSE:ONTO) announced its quarterly earnings data on Thursday. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.41 by $0.10, Zacks reports. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. Onto Innovation updated its Q1 2025 guidance to 1.400-1.540 EPS.

Onto Innovation Trading Up 0.6 %

Onto Innovation stock traded up $1.16 during trading on Thursday, hitting $210.86. 1,403,793 shares of the company were exchanged, compared to its average volume of 901,293. Onto Innovation has a 52 week low of $145.15 and a 52 week high of $238.93. The company has a market capitalization of $10.41 billion, a P/E ratio of 57.14, a PEG ratio of 1.06 and a beta of 1.31. The business’s 50 day moving average is $184.54 and its 200 day moving average is $190.24.

Insider Activity

In related news, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total value of $169,535.00. Following the transaction, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the sale, the chief executive officer now owns 215,492 shares of the company’s stock, valued at $43,139,343.48. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,827 shares of company stock worth $18,182,185 over the last quarter. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ONTO shares. Oppenheimer restated an “outperform” rating and issued a $275.00 price target on shares of Onto Innovation in a report on Tuesday, December 17th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research report on Friday, November 1st. Cantor Fitzgerald started coverage on Onto Innovation in a report on Monday, January 13th. They issued an “overweight” rating and a $250.00 price target on the stock. Jefferies Financial Group decreased their price objective on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Needham & Company LLC cut their target price on Onto Innovation from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.75.

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.