Onto Innovation stock gained 4.09 percent as RBC set a USD 400 target
Published on 10/04/2026 at 16:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Onto Innovation (ISIN US6833441057) closed at USD 327.77 on the NYSE on October 2, 2026, up 4.09 percent, with volume of 1,007,378 shares. According to Investing.com on October 2, 2026, RBC Capital initiated coverage with an Outperform rating and a USD 400 price target.
RBC targets advanced packaging growth
The RBC thesis links Onto Innovation to rising process-control intensity in advanced packaging, including 2.5D and 3D architectures, according to Investing.com. The USD 400 target stands 22.0 percent above the October 2 closing price of USD 327.77, putting the valuation debate alongside the growth argument.
Q2 revenue climbed 35.3 percent
Onto Innovation's investor-relations page reports Q2 2026 revenue of USD 343 million, GAAP gross margin of 53 percent and balance-sheet cash of USD 1,882 million, giving the latest operating picture a measurable scale.Onto Innovation
MarketBeat reported that Q2 EPS was USD 1.93 against a USD 1.69 consensus estimate, while revenue of USD 343.13 million exceeded the USD 325.29 million estimate. The same report placed year-over-year revenue growth at 35.3 percent and Q3 2026 EPS guidance at USD 2.18-2.38.
Consensus stays above the close
MarketBeat listed a Buy consensus across 14 analysts and an average price target of USD 380.00 on October 3, 2026, in its analyst coverage. The average target lies 15.9 percent above the October 2 close, below the new RBC target but still above the latest market price.
The counterweight is valuation. MarketBeat cited a P/E ratio of 123.12 and a market capitalization of USD 16.07 billion, while the October 2 trading session ended with the stock 15.2 percent below its 52-week high of USD 386.46.
Stock remains below yearly high
Onto Innovation closed at USD 327.77 on the NYSE on October 2, 2026, with a 52-week range of USD 118.97 to USD 386.46 and a daily gain of 4.09 percent. The combination of Q2 revenue growth, forward EPS guidance and analyst targets leaves operating execution and valuation as the central figures for the stock.
Onto Innovation stock at a glance
- Company: Onto Innovation Inc.
- ISIN: US6833441057
- Ticker: ONTO
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 327.77 (Closing price (October 2, 2026))
- Market capitalization: USD 16.3 billion (as of October 2, 2026)
- 52-week range: USD 118.97-386.46 (as of October 2, 2026)
- Sector / Industry: Technology / Semiconductor Equipment and Materials
