Onto Innovation (NYSE:ONTO) Releases Q1 2025 Earnings Guidance

Onto Innovation (NYSE:ONTO) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.400-1.540 for the period, compared to the consensus earnings per share estimate of 1.490. The company issued revenue guidance of $260.0 million-$274.0 million, compared to the consensus revenue estimate of $267.4 million.

Onto Innovation Stock Performance

Shares of ONTO stock traded down $22.79 during trading hours on Friday, reaching $187.81. The company had a trading volume of 2,199,388 shares, compared to its average volume of 953,090. The stock has a fifty day moving average of $185.54 and a 200-day moving average of $190.38. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 50.90, a PEG ratio of 1.06 and a beta of 1.31. Onto Innovation has a 12-month low of $145.15 and a 12-month high of $238.93.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 13.38% and a net margin of 19.44%. On average, analysts forecast that Onto Innovation will post 5.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ONTO shares. Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Onto Innovation in a research note on Tuesday, December 17th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of Onto Innovation in a report on Friday. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a report on Friday. Finally, Stifel Nicolaus cut their target price on shares of Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.25.

Insider Activity at Onto Innovation

In other news, SVP Srinivas Vedula sold 827 shares of the company’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 value 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 approximately $3,120,715. This represents a 5.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael P. Plisinski sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $211.24, for a total transaction of $6,337,200.00. Following the completion of the sale, the chief executive officer now directly owns 185,492 shares of the company’s stock, valued at approximately $39,183,330.08. This represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 85,827 shares of company stock valued at $18,182,185. 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.