NYSE:ONTO

Onto Innovation (ONTO) Stock Price, News & Analysis

$182.33
+5.57 (+3.15%)
(As of 04/25/2024 ET)
Today's Range
$173.37
$182.43
50-Day Range
$167.85
$196.61
52-Week Range
$76.40
$199.72
Volume
569,942 shs
Average Volume
419,122 shs
Market Capitalization
$8.96 billion
P/E Ratio
74.12
Dividend Yield
N/A
Price Target
$191.60

Onto Innovation MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
6.7% Upside
$191.60 Price Target
Short Interest
Healthy
3.14% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.62mentions of Onto Innovation in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$8.27 M Sold Last Quarter
Proj. Earnings Growth
21.49%
From $4.70 to $5.71 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.29 out of 5 stars

Computer And Technology Sector

306th out of 586 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

5th out of 9 stocks

ONTO stock logo

About Onto Innovation Stock (NYSE:ONTO)

Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements. In addition, the company provides process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. Further, it engages in systems software, spare parts, and other services, as well as offers software licensing services. The company's products are used in semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; analog device; RF filter; data storage; and various industrial and scientific applications. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.

ONTO Stock Price History

ONTO Stock News Headlines

World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
Onto Innovation (NYSE:ONTO) Trading Down 3.2%
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
ONTO Apr 2024 210.000 call
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Measuring & controlling devices, not elsewhere classified
Sub-Industry
Semiconductor Equipment
CUSIP
63007710
Employees
1,497
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$191.60
High Stock Price Target
$235.00
Low Stock Price Target
$123.00
Potential Upside/Downside
+5.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$121.16 million
Pretax Margin
16.25%

Debt

Sales & Book Value

Annual Sales
$815.87 million
Cash Flow
$5.30 per share
Book Value
$35.38 per share

Miscellaneous

Free Float
48,776,000
Market Cap
$8.96 billion
Optionable
Optionable
Beta
1.40
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ONTO Stock Analysis - Frequently Asked Questions

Should I buy or sell Onto Innovation stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Onto Innovation in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ONTO shares.
View ONTO analyst ratings
or view top-rated stocks.

What is Onto Innovation's stock price target for 2024?

5 Wall Street research analysts have issued 1 year target prices for Onto Innovation's stock. Their ONTO share price targets range from $123.00 to $235.00. On average, they expect the company's stock price to reach $191.60 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
View analysts price targets for ONTO
or view top-rated stocks among Wall Street analysts.

How have ONTO shares performed in 2024?

Onto Innovation's stock was trading at $152.90 at the beginning of the year. Since then, ONTO stock has increased by 17.5% and is now trading at $179.62.
View the best growth stocks for 2024 here
.

Are investors shorting Onto Innovation?

Onto Innovation saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,530,000 shares, an increase of 21.4% from the March 31st total of 1,260,000 shares. Based on an average trading volume of 425,200 shares, the days-to-cover ratio is presently 3.6 days. Approximately 3.1% of the shares of the company are sold short.
View Onto Innovation's Short Interest
.

When is Onto Innovation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our ONTO earnings forecast
.

How can I listen to Onto Innovation's earnings call?

Onto Innovation will be holding an earnings conference call on Thursday, May 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Onto Innovation's earnings last quarter?

Onto Innovation Inc. (NYSE:ONTO) posted its earnings results on Thursday, February, 8th. The semiconductor company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.07. The semiconductor company earned $219 million during the quarter, compared to analysts' expectations of $209.06 million. Onto Innovation had a net margin of 14.85% and a trailing twelve-month return on equity of 10.95%. The firm's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS.

What guidance has Onto Innovation issued on next quarter's earnings?

Onto Innovation issued an update on its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 1.000-1.200 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of $215.0 million-$230.0 million, compared to the consensus revenue estimate of $217.6 million.

What other stocks do shareholders of Onto Innovation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Onto Innovation investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Applied Materials (AMAT), Micron Technology (MU), AbbVie (ABBV), Cisco Systems (CSCO), Lumentum (LITE), Nokia Oyj (NOK), Boeing (BA) and Ford Motor (F).

Who are Onto Innovation's major shareholders?

Onto Innovation's stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.96%), Congress Asset Management Co. MA (0.87%), Vaughan Nelson Investment Management L.P. (0.33%), Tributary Capital Management LLC (0.19%), Congress Wealth Management LLC DE (0.12%) and Amalgamated Bank (0.05%). Insiders that own company stock include Bruce C Rhine, David Brian Miller, Ju Jin, Kevin Heidrich, Mark Slicer, Michael P Plisinski, Michael P Plisinski, Robert Fiordalice, Srinivas Vedula, Steven R Roth and Yoon Ah Oh.
View institutional ownership trends
.

How do I buy shares of Onto Innovation?

Shares of ONTO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ONTO) was last updated on 4/25/2024 by MarketBeat.com Staff

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