Onto Innovation (NYSE:ONTO) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Onto Innovation (NYSE:ONTO) posted its earnings results on Thursday. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10, Zacks reports. Onto Innovation had a return on equity of 14.41% and a net margin of 20.43%. Onto Innovation updated its Q1 2025 guidance to 1.400-1.540 EPS.

Onto Innovation Trading Down 10.8 %

NYSE ONTO opened at $187.81 on Friday. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 1.09 and a beta of 1.31. The company has a 50 day moving average of $185.54 and a 200-day moving average of $190.38. Onto Innovation has a 1-year low of $145.15 and a 1-year high of $238.93.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and issued a $275.00 price objective on shares of Onto Innovation in a report on Tuesday, December 17th. Stifel Nicolaus decreased their target price on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a report on Friday. Jefferies Financial Group dropped their price objective on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of Onto Innovation in a report on Friday. 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.com, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus target price of $251.25.

Insider Buying and Selling at Onto Innovation

In other news, CEO Michael P. Plisinski sold 20,000 shares of the company’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 transaction of $4,003,800.00. Following the completion of the sale, the chief executive officer now owns 215,492 shares of the company’s stock, valued at approximately $43,139,343.48. This represents a 8.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the transaction, the senior vice president now owns 15,223 shares of the company’s stock, valued at approximately $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 sold 85,827 shares of company stock valued at $18,182,185 in the last three months. Corporate insiders own 0.72% of the company’s stock.

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.