Cantor Fitzgerald Rates Onto Innovation (ONTO) buy

Cantor Fitzgerald maintains its buy rating on Onto Innovation with a $410 price target, a 17.63% upside from the current price.

By EarningsIQ Research Desk · Published Jun 29, 2026, 11:01 AM EDT · Updated Jul 1, 2026, 11:01 AM EDT

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Cantor Fitzgerald rated Onto Innovation Inc. ($ONTO) "buy" with a $410 price target on June 29, 2026.

Since the rating, $ONTO is down 13.5% after 1 week, down 37.9% after 1 month and down 37.2% to date (from the $351.45 close on Jun 29, 2026).

ONTO Onto Innovation Inc.

$220.70 +33.06% year to date

Daily close · Oct 16, 2026

Key Points

Cantor Fitzgerald reiterated its buy rating on Onto Innovation, setting a price target of $410 as of June 29, 2026.
Cantor Fitzgerald's $410 price target implies 17.63% upside from Onto Innovation Inc.'s ($ONTO) current $348.56 share price.
Shares of Onto Innovation traded at $320.1 on Monday, with a market cap of about $16.11 billion and a P/E ratio of 151.4.
BlackRock increased its Onto Innovation stake by 602,439 shares, while Point72 Asset Management boosted its holdings by 818,891 shares.

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Cantor Fitzgerald has reiterated its buy rating on Onto Innovation Inc. (NYSE: ONTO), setting a price target of $410. This reaffirmation came on June 29, 2026, as analyst C.J. Muse expressed continued confidence in the company's prospects.

Analyst rating track record

Cantor Fitzgerald vs. the S&P 500

YTD return -1.14% hypothetical

All-time return +16.04% S&P 500 +16.37%

vs. S&P 500 -0.33% behind the index

Hypothetical returns from Cantor Fitzgerald's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Onto Innovation

Several institutional investors have been active in Onto Innovation recently. BlackRock, Inc. grew its holdings by 602,439 shares, ending with 5,534,265 shares worth about $1.13 billion, reflecting a 12.2% increase. Vanguard Portfolio Management LLC opened a new position with 2,743,019 shares valued at approximately $562.5 million. Similarly, Vanguard Capital Management LLC also initiated a stake, acquiring 2,222,852 shares worth about $455.8 million. State Street Corp increased its holding by 40,406 shares, bringing its total to 1,499,684 shares valued at $307.6 million, marking a 2.8% increase. Meanwhile, Point72 Asset Management, L.P. significantly boosted its stake by 818,891 shares, now holding 1,203,658 shares valued at $246.8 million, a 212.8% increase.

Onto Innovation Inc. Stock Up 44.4%

Shares of Onto Innovation traded near $320.1 on Monday. The company, with a market capitalization of approximately $16.11 billion, has a P/E ratio of 151.4 and a forward P/E of 32.6. Its stock has experienced a 52-week low of $89.4 and a high of $353.18. The 50-day moving average stands at $288.6, while the 200-day moving average is $201.1. Onto Innovation also maintains a strong liquidity position with a current ratio of 6.15 and a quick ratio of 4.48.

12-month forecast

$ONTO price target

Onto Innovation Inc. daily closes and this analyst's $410 target. Not advice.

Recent Earnings

Onto Innovation reported revenue of about $1.03 billion, reflecting a growth rate of 9.5%. The company's earnings per share (EPS) is $2.14, with a net margin of 10.3% and a return on equity (ROE) of 5.3%. Onto Innovation is expected to announce its next earnings on August 6, 2026.

Insider Buying and Selling at Onto Innovation Inc.

Several insiders, including Kelley Stephen Douglas, Christopher Seams, David Brian Miller, Su May, Susan Lynch, and Stephen Schwartz, each bought 761 shares of Onto Innovation on May 20, 2026. These transactions were not part of any pre-planned trading program.

Analysts Set New Price Targets

On June 29, 2026, Cantor Fitzgerald maintained its buy rating on Onto Innovation with a $410 price target. Previously, Oppenheimer also maintained a buy rating with a higher target of $450 on June 22, 2026. Freedom Broker initiated coverage with a buy rating and a $370 target on June 17, 2026. The consensus among analysts is a strong buy, with an average target price of $363.6 based on 10 analyst opinions.

About Onto Innovation

Onto Innovation Inc., headquartered in Wilmington, Massachusetts, designs and manufactures process control tools used in semiconductor and advanced packaging industries. The company offers a range of products including lithography systems, metrology systems, and process control software. Led by CEO Michael P. Plisinski, Onto Innovation employs around 1,615 people and operates globally in markets such as the United States, Taiwan, South Korea, and Europe.

Bottom Line

Cantor Fitzgerald's reiteration of a buy rating on Onto Innovation underscores continued analyst confidence. The company's strong institutional backing and robust market position highlight its appeal. As always, remember that analyst ratings and 13F filings reflect past actions and opinions, and do not necessarily predict future performance.