Onto Innovation (ONTO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $159.70 to $162.70
• 50-Day Range: $158.48 to $225.09
• 52-Week Range: $133.67 to $238.93
• Volume: 661,528 shs
• Average Volume: 588,750 shs
• Market Capitalization: $7.99 billion
• P/E Ratio: 43.86
• Dividend Yield: N/A
• Price Target: $254.29
• Consensus Rating: Buy

Onto Innovation Stock Analysis - MarketRank™

Onto Innovation scored higher than 95% of companies evaluated by MarketBeat, and ranked 59th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Onto Innovation has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Onto Innovation has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 23.31%

Earnings Growth

Earnings for Onto Innovation are expected to grow by 23.31% in the coming year, from $5.19 to $6.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Onto Innovation is 43.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Onto Innovation is 43.86, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 269.47.

Price to Earnings Growth Ratio

Onto Innovation has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Onto Innovation has a P/B Ratio of 4.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.23% of the float of Onto Innovation has been sold short.

Short Interest Ratio / Days to Cover

Onto Innovation has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Onto Innovation has recently decreased by 14.17%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Onto Innovation does not currently pay a dividend.

Dividend Growth

Onto Innovation does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.23% of the float of Onto Innovation has been sold short.

Short Interest Ratio / Days to Cover

Onto Innovation has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Onto Innovation has recently decreased by 14.17%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.3 / 5
• News Sentiment: 1.69

News Sentiment

Onto Innovation has a news sentiment score of 1.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Onto Innovation this week, compared to 8 articles on an average week.

Search Interest

10 people have searched for ONTO on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

8 people have added Onto Innovation to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Onto Innovation insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $264,231.00 in company stock.

Percentage Held by Insiders

Only 0.72% of the stock of Onto Innovation is held by insiders.

Percentage Held by Institutions

98.35% of the stock of Onto Innovation is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ONTO Stock Analysis - Frequently Asked Questions

How have ONTO shares performed this year?

Onto Innovation's stock was trading at $152.90 on January 1st, 2024. Since then, ONTO shares have increased by 5.9% and is now trading at $161.86.
View the best growth stocks for 2024 here.

How were Onto Innovation's earnings last quarter?

Onto Innovation Inc. (NYSE:ONTO) issued its quarterly earnings results on Thursday, October, 31st. The semiconductor company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.03. Onto Innovation's revenue was up 21.7% on a year-over-year basis.

Who are Onto Innovation's major shareholders?

Onto Innovation's top institutional shareholders include State Street Corp (2.98%), Congress Asset Management Co. (2.18%), Geneva Capital Management LLC (1.90%) and Geode Capital Management LLC (1.69%). Insiders that own company stock include Michael P Plisinski, Srinivas Vedula, Yoon Ah Oh, Mark Slicer, Ju Jin, David Brian Miller, Robert Fiordalice and Steven R Roth.
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.

What other stocks do shareholders of Onto Innovation own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Onto Innovation investors own include Broadcom (AVGO), ServiceNow (NOW), BlackRock (BLK), UnitedHealth Group (UNH), NVIDIA (NVDA), The Goldman Sachs Group (GS) and Meta Platforms (META).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Measuring & controlling devices, not elsewhere classified
• Sub-Industry: Semiconductor Equipment
• Current Symbol: NYSE:ONTO
• CUSIP: 63007710
• CIK: 704532
• Web: www.ontoinnovation.com
• Phone: (978) 253-6200
• Fax: 408-232-5910
• Employees: 1,497
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $254.29
• High Stock Price Target: $280.00
• Low Stock Price Target: $230.00
• Potential Upside/Downside: +57.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.69
• Trailing P/E Ratio: 43.88
• Forward P/E Ratio: 31.20
• P/E Growth: 1.02
• Net Income: $121.16 million
• Net Margins: 19.44%
• Pretax Margin: 21.55%
• Return on Equity: 13.38%
• Return on Assets: 12.22%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 10.07
• Quick Ratio: 7.94

Sales & Book Value

• Annual Sales: $815.87 million
• Price / Sales: 9.80
• Cash Flow: $5.22 per share
• Price / Cash Flow: 30.99
• Book Value: $35.38 per share
• Price / Book: 4.58

Miscellaneous

• Outstanding Shares: 49,390,000
• Free Float: 49,035,000
• Market Cap: $8.00 billion
• Optionable: Optionable
• Beta: 1.37