ONTO Onto Innovation Inc.
Onto Innovation Inc. (ONTO) trend channel, buy level and 3-month target on Trade The Path. Sector: Technology. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (TheilβSen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
In the buy zone, rising on both timeframes
Price is sitting on the lower trend line β the level that has repeatedly held.
The next few months are read from the last 9 months, the stretch whose swings the lines actually follow, because the last 12 months alone do not contain enough turns to fit reliably (49% against 78%). The last 12 months stay as context: rising, more than +100% a year. The target of US$285.63 is below the nearest ceiling (US$496.81), so it does not depend on a breakout. What would overturn this: a close below US$226.35 β the floor of the channel being read β after which the trend, not the entry, is what was wrong.
- 9 months read from
- US$226.35 β US$497.61 Rising channel, more than +100% a year
- 12 months
- US$323.15 β US$496.81 Rising channel, more than +100% a year
- Position in that channel
- 6% 0% at the floor, 100% at the ceiling
What broke this trend
- The fall
- -42% from US$378.4930 June 2026 β 29 July 2026
- Whose problem it was
- Its sector13 of 23 Semiconductors peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 16%of what it lost
- What the record says
- 80% of 54 comparable falls came back, typically in 90 days measured on its own peer group
The trend broke in June 2026: price fell 42% from 378.49 to 218.39 by July 2026, and has regained 16% of that fall since. It was not this company alone: 13 of 23 Semiconductors peers fell as far within weeks of it, so the fall was the sector repricing rather than news about this business. The wire that week: βCantor Fitzgerald Maintains Overweight on Onto Innovation, Raises Price Target to $410β. Falls like it have resolved: falls of about 42% here have come back to the old high 80% of the time (54 comparable falls), typically in 90 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 385.12 within 268 days, reached 80% of the time in 54 comparable falls β about 0.22% a day held.
Reported at the time: Cantor Fitzgerald Maintains Overweight on Onto Innovation, Raises Price Target to $410 β 29 June 2026
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy now
US$243.66
last close Β· 16 Sept 2026
Channel buy is US$269.46; last close is the better price available now.
Our target
US$285.63
by 21 Sept 2026
Projected move
17.2%
gross, before costs
Last close is our buy β the best price available now.
The lines are drawn where this stock has actually turned: 3 touches on the ceiling, 3 on the floor, each fitted to the slope that catches the most of them. Buying one average daily range below its 50-day mean, on heavier volume than usual and while it is still above its 200-day mean, has come up 791 times; measured against the 6% floor β the least a call has to be worth to be worth making, not what it aims at β 73% cleared it, typically in 34 days, with price going about 5% against the entry along the way (63% in the worst case we have on record). Trades that have not reached the target within 3 months are counted as misses, whatever they are worth at the time. The prices above are this stockβs own β its average, its volatility β but the setup is the same one we apply everywhere: derived on eight unrelated tickers, then confirmed on 87 others it was never fitted to. We deliberately do not tune it to each stock: doing so scores worse on history the tuning never saw β 58% against 71% β because it fits the past rather than the future. On this stock the setup has come up 6 times so far, reaching target 100% of the time β too few to mean much on its own. The sell price comes from where this stock is projected to be, not from a minimum worth taking: the fitted path reaches more than 30% above the entry within 90 days, and of the sizes that path supports, 6% is the one that has returned the most per day of money tied up here β measured over 145 stretches of this stockβs own history, since the published entry itself is too rare here to size a target from, reached 93% of the time, typically in 5 days. Smaller sizes got there sooner but paid less for the weeks they used; larger ones need a break above the projected ceiling, which is not the base case. The date published is whichever is later: that typical time, or the day the projected path itself reaches the price. It is a prediction, so it can be revised: if the run tops out before it gets there, the target is cut to what is actually on the table and you are told the same day. An ordinary pullback is not treated as topping out β those go on to make a new high about 8 times in 10, so they are ridden through. What triggers the revision is price closing below its 50-day trend and staying there, after which the odds of recovery fall to roughly 3 in 10.
- Upper line touches
- 3
- Lower line touches
- 3
- Fit confidence
- 78%
- Fitted
- 16 Sept 2026
About Onto Innovation Inc.
Onto Innovation Inc. is a global leader in designing, manufacturing, and supporting cutting-edge process control solutions. The company's diverse portfolio encompasses tools for macro defect inspection, 2D/3D optical metrology, and lithography systems, alongside sophisticated analytical software for process control. These offerings are crucial for optimizing manufacturing processes, enhancing yield, and facilitating device packaging and testing in various industries worldwide. Their solutions are delivered both as standalone systems for specialized functionsβsuch as detecting large flaws, performing packaging lithography, evaluating probe cards, and measuring transparent and opaque thin filmsβand through an extensive suite of process control software. This software scales from individual tool management to enterprise-wide factory integration. Beyond hardware and software, Onto Innovation also provides essential spare parts and software licensing services. Their technology is vital to a broad spectrum of clients, including manufacturers of semiconductors, advanced packaging, silicon wafers, LEDs, VCSELs, MEMS, CMOS image sensors, power devices, RF filters, and data storage products, as well as those in various industrial and scientific fields. Originally established in 1940 as Rudolph Technologies, Inc., Onto Innovation Inc. maintains its headquarters in Wilmington, Massachusetts.
- Sector
- Technology
- Industry
- Semiconductors
- CEO
- Michael Plisinski
- Employees
- 1,867
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings β that data is licensed and we do not redistribute it.
- Valuation
- β
- Profitability
- β
- Financial health
- β
- Cash generation
- β
Key statistics
- Market cap
- US$13.85B
- Enterprise value
- β
- Beta
- 1.58
- Avg volume
- 1.23M
- Revenue per share
- β
- Dividend yield
- β
- 52-week range
- 104.64-386.46
- Exchange
- NYSE
Key ratios
- P/E (TTM)
- β
- PEG
- β
- Price / sales
- β
- Price / book
- β
- EV / EBITDA
- β
- Gross margin
- β
- Operating margin
- β
- Net margin
- β
- Current ratio
- β
- Quick ratio
- β
- Debt / equity
- β
- Interest cover
- β
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.