Onto Innovation (ONTO) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Onto Innovation in the last year. 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.
View ONTO analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued 1-year price targets for Onto Innovation's stock. Their ONTO share price forecasts range from $92.00 to $140.00. On average, they anticipate the company's stock price to reach $118.33 in the next year. This suggests that the stock has a possible downside of 4.0%.
View analysts price targets for ONTO or view top-rated stocks among Wall Street analysts.

Onto Innovation's stock was trading at $68.09 at the start of the year. Since then, ONTO shares have increased by 81.0% and is now trading at $123.23.
View the best growth stocks for 2023 here.

Onto Innovation saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,320,000 shares, an increase of 28.2% from the July 31st total of 1,030,000 shares. Based on an average trading volume of 354,300 shares, the short-interest ratio is currently 3.7 days. Currently, 2.7% of the company's stock are sold short.
View Onto Innovation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ONTO earnings forecast.

Onto Innovation Inc. (NYSE:ONTO) posted its earnings results on Thursday, August, 10th. The semiconductor company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.83 by $0.04. The semiconductor company earned $190.66 million during the quarter, compared to analysts' expectations of $203 million. Onto Innovation had a trailing twelve-month return on equity of 14.20% and a net margin of 19.32%. The company's quarterly revenue was down 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS.

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), Invesco Semiconductors ETF (PSI), Invesco Dorsey Wright Technology Momentum ETF (PTF), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Defiance Quantum ETF (QTUM), SPDR FactSet Innovative Technology ETF (XITK) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG).

Onto Innovation updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of $0.85-$1.05 for the period, compared to the consensus earnings per share estimate of $0.97. The company issued revenue guidance of $205.00 million-$225.00 million, compared to the consensus revenue estimate of $203.80 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ONTO."

Onto Innovation's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.01%), State Street Corp (3.44%), Dimensional Fund Advisors LP (2.94%), Franklin Resources Inc. (2.90%), Geneva Capital Management LLC (2.53%) and Alliancebernstein L.P. (2.41%). 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 Alan Koch, Robert Fiordalice, Srinivas Vedula, Steven R Roth and Steven R Roth.
View institutional ownership trends.

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

One share of ONTO stock can currently be purchased for approximately $123.23.

Onto Innovation (NYSE:ONTO) has a market capitalization of $6.05 billion and generates $1.01 billion in revenue each year. The semiconductor company earns $223.33 million in net income (profit) each year or $3.51 on an earnings per share basis.

The company employs 1,636 workers across the globe.

Onto Innovation's mailing address is 16 JONSPIN ROAD, WILMINGTON MA, 01887. The official website for the company is www.ontoinnovation.com. The semiconductor company can be reached via phone at (978) 253-6200, via email at claire@headgatepartners.com, or via fax at 408-232-5910.