Argus sets USD 370.00 target for Onto Innovation stock

Published on 10/15/2026 at 21:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 343.10 million, up 35.30 percent in the second quarter. Onto Innovation stock costs EUR 200.80 on October 15, 2026.

Analyst target and revenue growth

Argus raised its Onto Innovation target to USD 370.00 on October 7, 2026.
Revenue reached USD 343.10 million in the second quarter, up 35.30 percent year over year.
Onto Innovation stock costs EUR 200.80 at Lang & Schwarz on October 15, 2026 at 8:50 p.m. CEST.
Market capitalization stood at USD 11.1 billion on October 15, 2026.

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Argus raised its target for Onto Innovation to USD 370.00 on October 7, 2026, according to Yahoo Finance. The target gives the stock a significant valuation marker after the latest market decline. Onto Innovation stock was trading at EUR 200.80 at Lang & Schwarz on October 15, 2026 at 8:50 p.m. CEST.

Second-quarter revenue reached USD 343.10 million

Onto Innovation reported second-quarter revenue of USD 343.10 million, an increase of 35.30 percent from the year-earlier quarter, according to Yahoo Finance. The same report said backlog exceeded USD 1.00 billion for the first time. That combination gives investors an operating measure alongside the analyst target.

Cash flow and earnings add support

Net income attributable to common shareholders was USD 60.10 million in the second quarter, while diluted earnings per share came to USD 1.21. Operating cash flow was USD 61.51 million in the same period. The figures point to a profitable quarter with cash generation, rather than revenue growth alone.

Price range keeps the risk visible

The Lang & Schwarz price sits inside a wide 52-week range of USD 118.97 to USD 386.46, based on the October 15, 2026 market quotation. Onto Innovation's market capitalization was USD 11.1 billion on that date, and its price-to-earnings ratio was 84.74. The wide range matters because the latest euro quotation remains well below the 52-week high while the valuation multiple is elevated.

Semiconductor exposure drives the profile

Onto Innovation designs process-control systems covering defect inspection, metrology, lithography and data analysis for microelectronics manufacturers. The company operates in the technology sector and semiconductor industry, with products used in advanced packaging, memory, sensors and other device markets. Its second-quarter revenue and backlog figures make demand visibility the key operating measure for the stock.

Price and market context

Onto Innovation stock was trading at EUR 200.80 at Lang & Schwarz on October 15, 2026 at 8:50 p.m. CEST. The latest quotation frames the USD 370.00 Argus target and the company's USD 11.1 billion market value, while the second-quarter revenue growth provides the operating counterweight.

The further course of trading is shown by the continuously updated real-time quote of Onto Innovation stock.