Onto Innovation ( ONTO ) is a leading provider of process control, metrology, and inspection solutions for the global semiconductor industry. Headquartered in Wilmington, Massachusetts, the company was formed in October 2019 through a merger of equals between Nanometrics Incorporated and Rudolph Technologies.
Onto Innovation (ONTO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The mean of analysts' price targets for Onto Innovation (ONTO) points to a 32.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
NEW YORK, Sept. 23, 2026 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Onto Innovation Inc. (NYSE: ONTO) concerning possible breaches of fiduciary duties.
Onto Innovation Inc. (NYSE: ONTO - Get Free Report) has been assigned a consensus recommendation of "Buy" from the thirteen analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to
Onto Innovation is a high-conviction Strong Buy, benefiting from robust recurring revenues and deep integration with major semiconductor manufacturers. The recurring revenue base is expanding as wafer demand outpaces supply, with ONTO's installed base and backlog growing alongside industry capacity. The Dragonfly G5 launch is driving unprecedented demand, positioning ONTO for 30% annual revenue growth and significant gross margin expansion through 2030.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
On September 14, 2026, Onto Innovation Inc (ONTO) shares experienced a significant decline, falling 11.1% to a current price of $250.13. This drop comes amidst