Cantor Fitzgerald Predicts Onto Innovation FY2025 Earnings

Onto Innovation Inc. (NYSE:ONTO) – Equities researchers at Cantor Fitzgerald issued their FY2025 EPS estimates for Onto Innovation in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst M. Prisco forecasts that the semiconductor company will post earnings of $6.55 per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $250.00 target price on the stock. The consensus estimate for Onto Innovation’s current full-year earnings is $5.22 per share.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. The company had revenue of $252.20 million for the quarter, compared to analyst estimates of $250.85 million. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. Onto Innovation’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share.

ONTO has been the topic of several other research reports. Needham & Company LLC dropped their target price on shares of Onto Innovation from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Oppenheimer restated an “outperform” rating and issued a $275.00 target price on shares of Onto Innovation in a report on Tuesday, December 17th. Jefferies Financial Group dropped their target price on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.75.

Onto Innovation Stock Performance

Shares of NYSE:ONTO opened at $224.76 on Wednesday. The firm has a market cap of $11.10 billion, a PE ratio of 60.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. The firm’s fifty day moving average is $175.80 and its 200-day moving average is $191.58. Onto Innovation has a 52 week low of $145.15 and a 52 week high of $238.93.

Insider Activity

In other 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 transaction of $169,535.00. Following the completion of the sale, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the business’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 directly owns 215,492 shares of the company’s stock, valued at approximately $43,139,343.48. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,827 shares of company stock worth $18,182,185. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Onto Innovation

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP grew its position in Onto Innovation by 232.4% in the 2nd quarter. Quarry LP now owns 113 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Onto Innovation by 675.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 124 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 108 shares during the period. Versant Capital Management Inc grew its position in shares of Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 197 shares during the period. Berbice Capital Management LLC bought a new position in shares of Onto Innovation during the 4th quarter valued at approximately $50,000. Finally, Eastern Bank bought a new position in shares of Onto Innovation during the 3rd quarter valued at approximately $65,000. 98.35% of the stock is owned by institutional investors.

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.