Oppenheimer Reiterates Buy Rating on Onto Innovation
Oppenheimer affirms its optimistic outlook on Onto Innovation with a $450 price target, a 32.42% upside from the current price.
Key Points
- Oppenheimer reiterated its buy rating on Onto Innovation, setting a price target of $450.
- Oppenheimer's $450 price target implies 32.42% upside from Onto Innovation Inc.'s ($ONTO) current $339.81 share price.
- Shares of ONTO traded near $340.74 on Monday, with a market cap of $16.6 billion and a forward P/E of 33.8.
- Analyst consensus rates the stock as a strong buy, with an average target price of $355.60 from 10 analysts.
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Oppenheimer has reiterated its buy rating on Onto Innovation Inc. (NYSE:ONTO), affirming a price target of $450. This move reflects Oppenheimer's continued confidence in the semiconductor equipment company's prospects.
Oppenheimer vs. the S&P 500
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Onto Innovation Inc. Stock Up 25.5%
Shares of NYSE:ONTO traded near $340.74 on Monday. Onto Innovation Inc. boasts a market cap of approximately $16.6 billion. The company has a P/E ratio of 155.96 and a forward P/E of 33.84, indicating expectations of future earnings growth. The stock has seen a 52-week low of $89.40 and a high of $348.76, with a current beta of 1.625, suggesting higher volatility compared to the market. The 50-day moving average is $281.07, and the 200-day moving average is $195.46.
$ONTO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Onto Innovation reported revenue of about $1.03 billion, showing a growth of 9.5%. The company's net margin stands at 10.3%, with a return on equity of 5.25%. The next earnings release is expected on August 6, 2026.
Insider Buying and Selling at Onto Innovation Inc.
Several insiders, including Kelley Stephen Douglas, Christopher Seams, David Brian Miller, May Su, Susan Lynch, and Stephen Schwartz, each bought 761 shares on May 20, 2026. These transactions were not part of a pre-planned 10b5-1 trading plan.
Analysts Set New Price Targets
On June 22, 2026, Oppenheimer maintained its buy rating on Onto Innovation with a price target of $450. Earlier, on June 17, Freedom Broker initiated coverage with a buy rating and a $370 target. Deutsche Bank also started coverage with a buy rating and a $350 target on June 5. The consensus among analysts is a strong buy, with an average target price of $355.60 based on 10 opinions.
About Onto Innovation
Onto Innovation Inc. is a technology company based in Wilmington, Massachusetts. It specializes in creating process control tools used in macro-defect inspection and metrology across various industries, including semiconductor manufacturing. Led by CEO Mr. Michael P. Plisinski, the company employs about 1,615 people and operates globally, offering a range of products and services in the semiconductor equipment and materials sector.
Bottom Line
Oppenheimer's reaffirmation of its buy rating and $450 price target underscores confidence in Onto Innovation's growth potential. With its strong market position and positive analyst sentiment, Onto Innovation remains a stock to watch. Keep in mind, however, that analyst ratings are based on past data and may not predict future performance.
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