ONTO vs. TRMB, PAYC, WWD, SNX, TOST, CYBR, DOX, BRKR, FFIV, and ZG
Should you be buying Onto Innovation stock or one of its competitors? The main competitors of Onto Innovation include Trimble (TRMB), Paycom Software (PAYC), Woodward (WWD), TD SYNNEX (SNX), Toast (TOST), CyberArk Software (CYBR), Amdocs (DOX), Bruker (BRKR), F5 (FFIV), and Zillow Group (ZG). These companies are all part of the "computer and technology" sector.
Onto Innovation (NYSE:ONTO) and Trimble (NASDAQ:TRMB) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, media sentiment, earnings, dividends, analyst recommendations, community ranking, risk, valuation and institutional ownership.
In the previous week, Onto Innovation had 2 more articles in the media than Trimble. MarketBeat recorded 25 mentions for Onto Innovation and 23 mentions for Trimble. Onto Innovation's average media sentiment score of 1.12 beat Trimble's score of 0.55 indicating that Onto Innovation is being referred to more favorably in the media.
98.4% of Onto Innovation shares are held by institutional investors. Comparatively, 93.2% of Trimble shares are held by institutional investors. 0.7% of Onto Innovation shares are held by company insiders. Comparatively, 0.5% of Trimble shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Onto Innovation currently has a consensus target price of $213.60, indicating a potential downside of 4.79%. Trimble has a consensus target price of $66.67, indicating a potential upside of 17.37%. Given Trimble's stronger consensus rating and higher probable upside, analysts clearly believe Trimble is more favorable than Onto Innovation.
Onto Innovation has a net margin of 16.43% compared to Trimble's net margin of 6.25%. Trimble's return on equity of 12.04% beat Onto Innovation's return on equity.
Onto Innovation has a beta of 1.4, meaning that its share price is 40% more volatile than the S&P 500. Comparatively, Trimble has a beta of 1.51, meaning that its share price is 51% more volatile than the S&P 500.
Trimble has higher revenue and earnings than Onto Innovation. Trimble is trading at a lower price-to-earnings ratio than Onto Innovation, indicating that it is currently the more affordable of the two stocks.
Trimble received 175 more outperform votes than Onto Innovation when rated by MarketBeat users. Likewise, 68.31% of users gave Trimble an outperform vote while only 67.08% of users gave Onto Innovation an outperform vote.
Summary
Onto Innovation and Trimble tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ONTO and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartThis chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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