Jefferies has upgraded Onto Innovation Inc (ONTO) from Hold to Buy, signaling a more optimistic outlook on the company's future. This upgrade, effective September 22, 2025, comes as Onto Innovation, a key player in the semiconductor industry, continues to develop high-performance control metrology and defect inspection systems for microelectronics manufacturers.
Currently trading at $125.73, Onto Innovation boasts a market capitalization of $6.2 billion and a trailing P/E ratio of 35.64, with an EPS of 3.55. The company is headquartered in Wilmington, Massachusetts, and employs 1,551 full-time staff. Its product offerings include advanced metrology systems and defect inspection tools, essential for silicon wafer manufacturers and semiconductor fabricators.
The recent upgrade underscores a possible shift in analyst sentiment, which may be driven by improved business fundamentals or enhanced confidence in the company's strategic direction. Analyst ratings often reflect professional assessments based on extensive research and financial modeling, yet they are subject to change as new information emerges.
Looking ahead, Onto Innovation is set to report its next earnings on August 5, 2026, with estimated EPS of $1.34 and revenue of $270.6 million. The consensus among analysts remains positive, with 4 Strong Buy, 7 Buy, and 4 Hold ratings as of November 1, 2025. Such decisions reflect the dynamic nature of market perceptions, as differing opinions can lead to varying analyst ratings on the same company.