Onto Innovation (ONTO) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Onto Innovation in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ONTO shares.
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6 brokerages have issued 12-month 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 13.1% from the stock's current price.
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Onto Innovation's stock was trading at $152.90 on January 1st, 2024. Since then, ONTO shares have increased by 10.8% and is now trading at $169.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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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.

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

ETFs with the largest weight of Onto Innovation (NYSE:ONTO) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Neuberger Berman Disrupters ETF (NBDS), Innovator Deepwater Frontier Tech ETF (LOUP), Invesco Semiconductors ETF (PSI), Invesco Dorsey Wright Technology Momentum ETF (PTF), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Invesco S&P MidCap Momentum ETF (XMMO) and Nuveen Small Cap Select ETF (NSCS).

Onto Innovation issued an update on its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided EPS 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.

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).

Onto Innovation's stock is owned by many different 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 Bridge City Capital LLC (0.04%). 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.
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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.
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