Freedom Broker Reiterates Buy Rating on Onto Innovation Inc.

On June 17, 2026, Freedom Broker reiterated its buy rating for Onto Innovation Inc. (NYSE: ONTO), setting a price target of $370. This comes as part of a series of positive analyst actions, underscoring confidence in the company's performance.

Other Institutional Activity in Onto Innovation

Several major institutional investors have adjusted their positions in Onto Innovation Inc. BlackRock, Inc. increased its holdings by 602,439 shares, bringing its total to about 5,534,265 shares valued at approximately $1.13 billion. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both entered positions with 2,743,019 and 2,222,852 shares, worth around $562.51 million and $455.84 million, respectively. State Street Corp added 40,406 shares to hold 1,499,684 shares valued at $307.63 million. Geode Capital Management, LLC increased its stake by 83,482 shares, totaling 1,211,014 shares valued at $248.39 million. Meanwhile, Point72 Asset Management, L.P. dramatically boosted its holdings by 818,891 shares, reaching 1,203,658 shares valued at $246.83 million.

Onto Innovation Inc. Stock Up 4.7%

Shares of Onto Innovation Inc. (NYSE: ONTO) are currently trading near $333.30. The company has a market capitalization of approximately $15.7 billion. Its price-to-earnings (P/E) ratio is 147.05, with a forward P/E of 32.14, indicating expectations of future earnings growth. The stock's beta is 1.625, suggesting higher volatility compared to the market. The 52-week range shows a low of $89.40 and a high of $348.76. Onto Innovation has a 50-day moving average of $277.21 and a 200-day moving average of $193.25. The company maintains a strong financial position with a current ratio of 6.154 and a quick ratio of 4.48.

Recent Earnings

Onto Innovation Inc. reported revenue of $1.03 billion, reflecting a growth rate of 9.5%. The company achieved an earnings per share (EPS) of $2.15, with a net margin of 10.33% and a return on equity (ROE) of 5.25%. The next earnings report is expected on August 6, 2026.

Insider Buying and Selling at Onto Innovation Inc.

Recent insider activity at Onto Innovation Inc. on May 20, 2026, saw several insiders, including Kelley Stephen Douglas, Christopher Seams, David Brian Miller, May Su, Susan Lynch, and Stephen Schwartz, each purchasing 761 shares. These transactions were not part of a pre-planned trading program.

Analysts Set New Price Targets

On June 17, 2026, Freedom Broker reiterated its buy rating on Onto Innovation Inc. with a price target of $370. Earlier, Deutsche Bank initiated coverage with a buy rating and a $350 target on June 5, 2026. Needham maintained its buy rating with a $330 target on May 6, 2026. Overall, analysts have a strong buy consensus with an average target price of $351.88, based on eight analyst opinions.

About Onto Innovation Inc.

Onto Innovation Inc. is a technology company based in Wilmington, Massachusetts. It designs and manufactures process control tools used in semiconductor and advanced packaging industries worldwide. Led by CEO Michael P. Plisinski, the company employs 1,615 people and offers a range of products, including lithography systems, metrology systems, and process control software. These tools help in defect inspection and yield management for semiconductor manufacturers and related industries.

Bottom Line

Onto Innovation Inc. continues to attract positive attention from analysts and institutional investors, with Freedom Broker reiterating its buy rating and a target of $370. The company's solid financial position and growth prospects contribute to a strong buy consensus among analysts. As with all 13F filings and analyst ratings, these reflect past actions and opinions, which may not indicate current or future positions.