Onto Innovation Inc. (ONTO) Stock Price & Analysis
Onto Innovation Inc. (ONTO) closed at USD 198.67 on Thursday, October 22, 2026, down 10.57% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 222.14; the Oct 22, 2026 session ranged USD 196.54–207.88 on volume of 1,477,906 shares. Market capitalization is $9.75B, with a 52-week range of USD 118.97–386.46 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ONTO.md
Key facts (ONTO)
- Last four reported quarters (through Jun 30, 2026): revenue $1.12B, net income $133M (11.8% margin), free cash flow $252M (SEC filings).
- Valuation: P/E 73.5x (avg 58.7x at the last 3 fiscal year-ends), EV/EBITDA 59.7x, net cash $410M.
- 2 of 80 tracked superinvestors hold ONTO (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (12 analysts), mean target USD 383.33 (range 330–450).
- Total return with dividends: 1Y +50.6% vs S&P 500 +14.9%; 5Y +167.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 2.3, revenue estimate $392M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ONTO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $789M | $1.01B | $816M | $987M | $1.01B | $1.12B |
| Gross profit | $429M | $539M | $420M | $515M | $500M | — |
| Operating income | -$156M | $237M | $116M | $187M | $133M | $135M |
| Net income | $142M | $223M | $121M | $202M | $137M | $133M |
| EPS (diluted) | $2.86 | $4.49 | $2.46 | $4.06 | $2.78 | — |
| Free cash flow | $163M | $118M | $149M | $214M | $300M | $252M |
| Gross margin | 54.4% | 53.6% | 51.5% | 52.2% | 49.7% | — |
| Operating margin | -19.8% | 23.5% | 14.2% | 19.0% | 13.2% | 12.0% |
| Net margin | 18.0% | 22.2% | 14.9% | 20.4% | 13.6% | 11.8% |
| Revenue growth | +41.8% | +27.4% | -18.8% | +21.0% | +1.8% | — |
| Cash + short-term investments | $511M | $548M | $698M | $852M | $640M | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ONTO)
P/E 73.5x · P/S 8.7x · EV/EBITDA 59.7x · EV/Sales 8.3x · P/FCF 38.6x · P/B 5.1x · FCF yield 2.59% · Earnings yield 1.36% · Buyback yield (TTM) 2.10% · Net cash $410M · EV $9.34B
P/E at fiscal year-ends: Jan 2026 72.8x, Dec 2024 41.0x, Dec 2023 62.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (ONTO)
2 of 80 tracked investors hold ONTO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.05% | $30.0M | Added +84.5% |
| Lee Ainslie | Maverick Capital | 0.01% | $785K | New position |
Analysts (ONTO)
Consensus Buy (mean 1.75 on a 1–5 scale), 12 analysts; mean target USD 383.33 (low 330, high 450).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | RBC Capital | Initiated | Outperform | $400 |
| 2026-09-08 | Morgan Stanley | Target lowered | Overweight | $383 → $360 |
| 2026-08-17 | Goldman Sachs | Initiated | Buy | $400 |
| 2026-08-07 | Needham | Target raised | Buy | $330 → $360 |
| 2026-08-07 | Evercore ISI Group | Target raised | Outperform | $350 → $390 |
| 2026-08-07 | Jefferies | Target raised | Buy | $350 → $400 |
| 2026-06-29 | Cantor Fitzgerald | Target raised | Overweight | $350 → $410 |
Total return (dividends reinvested) (ONTO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +50.6% | +167.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +50.8% | +21.7% |
| Volatility (annualized) | 71.9% | 58.4% |
| Max drawdown | -47.5% (Jun 2026→Oct 2026) | -62.0% (May 2024→May 2025) |
ONTO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.30 | $1.93 | +19.1% | $392.0M | 11 |
| Next quarter (ends Dec 2026) | $2.48 | $2.16 | +15.1% | $412.6M | 11 |
| Current fiscal year (ends Dec 2026) | $8.11 | $7.20 | +12.7% | $1.44B | 12 |
| Next fiscal year (ends Dec 2027) | $11.70 | $9.95 | +17.6% | $1.88B | 12 |
ONTO options: expected move
Options price a move of about ±18.8% (±$36.70) by Nov 20, 2026, which includes earnings on Nov 9, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 82.6% | ±18.8% |
| Dec 18, 2026 | 56 | 75.5% | ±24.0% |
| Jan 15, 2027 | 84 | 73.2% | ±28.3% |
| Mar 19, 2027 | 147 | 72.9% | ±36.9% |
| Jun 17, 2027 | 237 | 72.4% | ±46.2% |
30-day implied volatility 82.7% vs 73.5% realized over the last 30 trading days. Put/call ratio (volume) 0.55. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:24 UTC)
| Price | USD 198.67 |
|---|---|
| Change | ▼ 10.57% (down) |
| Previous Close | USD 222.14 |
| Open | USD 205.38 |
| Day Range | USD 196.54 – 207.88 |
| 52-Week Range | USD 118.97 – 386.46 |
| Volume | 1,477,906 shares |
| Market Cap | $9.75B |
| Exchange | NYQ |
Technical Analysis (ONTO)
Nexqual's technical model rates ONTO "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:24 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 26.88 (oversold) |
| vs SMA50 | Below (USD 277.99) |
| MACD | -19.19 (negative) |
Analyst Ratings (ONTO)
Wall Street analysts rate ONTO "Buy" based on 12 analysts, with a mean price target of USD 383.33 (range USD 330–450), per Nexqual as of October 23, 2026 at 09:24 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 383.33 |
| High Target | USD 450 |
| Low Target | USD 330 |
| Buy / Hold / Sell | 12 / 0 / 0 |
Earnings (ONTO)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD 2.3 |
| Revenue Estimate | $392.04M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.93 vs est 1.69 ▲ beat |
| 2026-03-31 | USD 1.42 vs est 1.42 ▲ beat |
| 2025-12-31 | USD 1.26 vs est 1.26 ▼ miss |
| 2025-09-30 | USD 0.92 vs est 0.87 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financials & Fundamentals (ONTO)
| Total Revenue | $1.12B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +35.30% |
| Gross Margin | +55.49% |
| Operating Margin | +22.97% |
| Profit Margin | +11.84% |
| ROE | +6.83% |
| Debt / Equity | 0.77 |
| Current Ratio | 9.73 |
| Total Cash | $1.88B |
| Total Debt | $1.47B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $252.47M (22.5% of revenue) |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financial Health Score (ONTO)
Nexqual rates Onto Innovation Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:24 UTC.
| Growth | Mixed — Revenue +1.8% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 55%, operating 23% (last 12 months) |
| Balance Sheet | Mixed — $1.88B cash and investments vs $1.47B debt (Jun 2026, SEC), net cash |
| Cash Flow | Strong — FCF $252M (last 4 quarters to Jun 2026, SEC), 23% margin |
| Efficiency | Mixed — ROE 7%, ROA 4.8% |
Ownership (ONTO)
| Insider Ownership | +0.66% |
|---|---|
| Institutional Ownership | +101.48% |
| Shares Outstanding | 49.07M |
| Float | 48.72M |
| Short % of Float | +7.68% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Leadership (ONTO)
Onto Innovation Inc. is led by Michael P. Plisinski, CEO & Director, per Nexqual as of October 23, 2026 at 09:24 UTC.
| CEO & Director | Michael P. Plisinski |
|---|---|
| Chief Financial Officer | Brian K. Roberts |
| SVP & COO | Ramil Yaldaei |
| Executive Vice President of Product Solutions Group | Ido Dolev |
| Senior Vice President of Customer Success | Shirley Chen |
Major Backers & Investors (ONTO)
Notable institutional backers of Onto Innovation Inc. include Invesco, Paradigm Capital Management, Point72 Asset Management, L.P., according to Nexqual as of October 23, 2026 at 09:24 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 2.75% |
| Paradigm Capital Management | 2.24% |
| Point72 Asset Management, L.P. | 1.98% |
| FMR, LLC | 1.8% |
| Price (T.Rowe) Associates Inc | 1.74% |
| AIM Counselor Series TRT -Invesco Discovery Fd. | 0.89% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.22% |
| Vanguard Group | 10.14% |
| State Street | 3.17% |
| Geode Capital | 2.92% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AMKR | Amkor Technology, Inc. | USD 39.05 | ▼ 10.7% |
| NVMI | Nova Ltd. | USD 310.13 | ▼ 6.37% |
| FORM | FormFactor, Inc. | USD 95.03 | ▼ 15.29% |
| CAMT | Camtek Ltd. | USD 119.48 | ▼ 10.23% |
| ENTG | Entegris, Inc. | USD 128.31 | ▼ 13.12% |
| Q | Qnity Electronics, Inc. | USD 108.78 | ▼ 9.48% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:24 UTC. This page is informational and not investment advice.
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