Should I buy or sell Onto Innovation stock right now?

6 Wall Street 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 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?

6 Wall Street research analysts have issued 1 year price targets for Onto Innovation's shares. Their ONTO share price targets range from $123.00 to $235.00. On average, they expect the company's share price to reach $191.60 in the next twelve months. This suggests a possible upside of 7.8% 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 2024. Since then, ONTO shares have increased by 16.2% and is now trading at $177.70. View the best growth stocks for 2024 here .

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) released its quarterly earnings results on Thursday, February, 8th. The semiconductor company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07. The semiconductor company had revenue of $219 million for the quarter, compared to analyst estimates 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 business's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share.

What ETFs hold Onto Innovation's stock?

ETFs with the largest weight of Onto Innovation (NYSE:ONTO) stock in their portfolio include ProShares Nanotechnology ETF (TINY) , Invesco S&P SmallCap Information Technology ETF (PSCT) , 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) and Invesco S&P MidCap Momentum ETF (XMMO) .

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 many different retail and institutional 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. 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 .

NYSE:ONTO

Onto Innovation (ONTO) Stock Price, News & Analysis

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Free ONTO Stock Alerts

$177.70

-4.24 (-2.33%)

(As of 04/18/2024 ET)

Compare

Today's Range: $176.17
▼
$182.83
50-Day Range: $167.85
▼
$196.61
52-Week Range: $76.40
▼
$199.72

Volume: 692,661 shs
Average Volume: 328,404 shs
Market Capitalization: $8.73 billion

P/E Ratio: 72.24
Dividend Yield: N/A
Price Target: $191.60

Get Onto Innovation alerts:

Onto Innovation MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 7.8% Upside
$191.60 Price Target
Short Interest: Healthy
2.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.16
Based on 11 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.

2.92 out of 5 stars

Computer And Technology Sector

308th out of 583 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

5th out of 8 stocks

1.4

Analyst's Opinion

Consensus Rating
Onto Innovation has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Onto Innovation has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.59% 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 3, 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 5.97%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Onto Innovation does not currently pay a dividend.
Dividend Growth
Onto Innovation does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ONTO.

2.9

News and Social Media Coverage

News Sentiment
Onto Innovation has a news sentiment score of 1.16. 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 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Onto Innovation this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for ONTO on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Onto Innovation to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

2.5

Company Ownership

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 $8,266,955.00 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Onto Innovation are expected to grow by 21.49% in the coming year, from $4.70 to $5.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Onto Innovation is 72.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Onto Innovation is 72.24, 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 217.23.
Price to Book Value per Share Ratio
Onto Innovation has a P/B Ratio of 5.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

ONTO Stock News Headlines

March 23, 2024 | insidertrades.com

Onto Innovation Inc. (NYSE:ONTO) CEO Michael P. Plisinski Sells 40,000 Shares

March 19, 2024 | insidertrades.com

Onto Innovation Inc. (NYSE:ONTO) VP Sells $303,300.00 in Stock

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April 17, 2024 | benzinga.com

Here's How Much $100 Invested In Onto Innovation 5 Years Ago Would Be Worth Today

April 17, 2024 | msn.com

Evercore ISI Group Initiates Coverage of Onto Innovation (ONTO) with Outperform Recommendation

April 17, 2024 | americanbankingnews.com

Onto Innovation (NYSE:ONTO) Receives New Coverage from Analysts at Evercore ISI

April 16, 2024 | markets.businessinsider.com

Critical Insights From Onto Innovation Analyst Ratings: What You Need To Know

April 12, 2024 | msn.com

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April 9, 2024 | businesswire.com

Onto Innovation to Report First Quarter 2024 Financial Results on May 9, 2024

April 9, 2024 | msn.com

New AI Hub to Spearhead Language Model Innovation Set by Microsoft in London

April 4, 2024 | businesswire.com

Onto Innovation Announces Investor Relations Transition Plan

April 2, 2024 | finance.yahoo.com

Activate Secures Hat-trick of Wins at Esteemed B2B Marketing Awards for Innovation and Customer Success

April 2, 2024 | markets.businessinsider.com

Superfoods, robots and AI: innovation bursts onto the scene at Alimentaria & Hostelco

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March 29, 2024 | msn.com

New reporting focuses on innovation and entrepreneurship in CNY (Letter from the Editor)

March 29, 2024 | benzinga.com

$1000 Invested In Onto Innovation 15 Years Ago Would Be Worth This Much Today

March 28, 2024 | bizjournals.com

Onto the next round: 8 companies left in the 2024 Colorado Inno Madness bracket

March 28, 2024 | bizjournals.com

Onto the next round: 16 companies left in Inno Madness 2024

March 22, 2024 | finance.yahoo.com

Onto Innovation Inc CEO Michael Plisinski Sells 40,000 Shares

March 20, 2024 | finance.yahoo.com

Returns On Capital At Onto Innovation (NYSE:ONTO) Paint A Concerning Picture

March 18, 2024 | finance.yahoo.com

Onto Innovation Welcomes Susan Lynch to its Board of Directors

March 17, 2024 | ft.com

Stepping onto the world stage: how UK exporters can seize global opportunities

March 16, 2024 | finance.yahoo.com

ONTO Apr 2024 210.000 call

March 16, 2024 | finance.yahoo.com

ONTO Apr 2024 180.000 put

March 16, 2024 | finance.yahoo.com

ONTO Apr 2024 250.000 call

March 16, 2024 | finance.yahoo.com

ONTO Apr 2024 150.000 put

See More Headlines

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Company Calendar

Last Earnings: 2/08/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $191.60
High Stock Price Target: $235.00
Low Stock Price Target: $123.00
Potential Upside/Downside: +7.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.46
Trailing P/E Ratio: 72.24
Forward P/E Ratio: 37.81
P/E Growth: N/A
Net Income: $121.16 million
Net Margins: 14.85%
Pretax Margin: 16.25%
Return on Equity: 10.95%
Return on Assets: 9.94%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 8.69
Quick Ratio: 6.47

Sales & Book Value

Annual Sales: $815.87 million
Price / Sales: 10.70
Cash Flow: $4.79 per share
Price / Cash Flow: 37.09
Book Value: $35.38 per share
Price / Book: 5.02

Miscellaneous

Outstanding Shares: 49,130,000
Free Float: 48,776,000
Market Cap: $8.73 billion
Optionable: Optionable
Beta: 1.40

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Key Executives

Mr. Michael P. Plisinski (Age 54)
CEO & Director
Comp: $1.34M
Mr. Mark R. Slicer (Age 52)
Senior VP & CFO
Comp: $671.18k
Ms. Yoon Ah E. Oh (Age 42)
VP, General Counsel & Company Secretary
Comp: $575.07k
Mr. Robert Fiordalice (Age 62)
Senior VP & GM of Metrology Business Unit
Comp: $518.66k
Mr. Ramil Yaldaei (Age 60)
Chief Operating Officer
Mr. Michael Sheaffer
Senior Director of Investor Relations & ESG Reporting
Dr. Michel Rosa
Chief Marketing Officer & Senior VP of Strategy
Dr. Ju Jin Ph.D. (Age 58)
Senior VP & GM of Inspection Business Unit
Dr. Srinivas Vedula Ph.D. (Age 51)
Senior Vice President of Customer Success Group

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ONTO Stock Analysis - Frequently Asked Questions

Should I buy or sell Onto Innovation stock right now?: 6 Wall Street 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 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?: 6 Wall Street research analysts have issued 1 year price targets for Onto Innovation's shares. Their ONTO share price targets range from $123.00 to $235.00. On average, they expect the company's share price to reach $191.60 in the next twelve months. This suggests a possible upside of 7.8% 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 2024. Since then, ONTO shares have increased by 16.2% and is now trading at $177.70.
View the best growth stocks for 2024 here.
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) released its quarterly earnings results on Thursday, February, 8th. The semiconductor company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07. The semiconductor company had revenue of $219 million for the quarter, compared to analyst estimates 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 business's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share.

What ETFs hold Onto Innovation's stock?: ETFs with the largest weight of Onto Innovation (NYSE:ONTO) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Invesco S&P SmallCap Information Technology ETF (PSCT), 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) and Invesco S&P MidCap Momentum ETF (XMMO).
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 many different retail and institutional 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.
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 4/19/2024 by MarketBeat.com Staff

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Onto Innovation (ONTO) Stock Price, News & Analysis

Onto Innovation MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Onto Innovation Stock (NYSE:ONTO)

ONTO Stock Price History

ONTO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ONTO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™