NYSE:ONTO

Onto Innovation (ONTO) Stock Forecast, Price & News

$129.24

+2.76 (+2.18%)

(As of 09/28/2023 ET)

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Today's Range: $126.04
▼
$130.39
50-Day Range: $104.82
▼
$138.93
52-Week Range: $56.02
▼
$142.26

Volume: 463,077 shs
Average Volume: 294,591 shs
Market Capitalization: $6.35 billion

P/E Ratio: 36.82
Dividend Yield: N/A
Price Target: $118.33

Onto Innovation MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 8.4% Downside
$118.33 Price Target
Short Interest: Bearish
3.56% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.86
Based on 4 Articles This Week
Insider Trading: Selling Shares
$4.96 M Sold Last Quarter
Proj. Earnings Growth: 22.25%
From $3.64 to $4.45 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Computer And Technology Sector

357th out of 601 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

3rd out of 9 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.
Price Target Upside/Downside
According to analysts' consensus price target of $118.33, Onto Innovation has a forecasted downside of 8.4% from its current price of $129.24.
Amount of Analyst Coverage
Onto Innovation has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.56% 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 4.9.
Change versus previous month
Short interest in Onto Innovation has recently increased by 14.57%, indicating that investor sentiment is decreasing 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.

4.4

News and Social Media Coverage

News Sentiment
Onto Innovation has a news sentiment score of 1.86. 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 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Onto Innovation this week, compared to 3 articles on an average week.
Search Interest
11 people have searched for ONTO on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.
MarketBeat Follows
9 people have added Onto Innovation to their MarketBeat watchlist in the last 30 days. This is an increase of 800% 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 $4,958,113.00 in company stock.
Percentage Held by Insiders
Only 0.81% of the stock of Onto Innovation is held by insiders.
Percentage Held by Institutions
94.78% 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 22.25% in the coming year, from $3.64 to $4.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Onto Innovation is 36.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Onto Innovation is 36.82, 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 266.98.
Price to Book Value per Share Ratio
Onto Innovation has a P/B Ratio of 4.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Onto Innovation (NYSE:ONTO) Stock

Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It 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; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. The company also provides spare parts and software licensing services. Its products are used by 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. The company was formerly known as Rudolph Technologies, Inc. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.

ONTO Price History

30 days | 90 days | 365 days | Advanced Chart

ONTO Stock News Headlines

September 25, 2023 | finance.yahoo.com

Onto Innovation (ONTO) Rose 32% in Q2 on Strong Results Coupled with Higher Forward Guidance

September 19, 2023 | finance.yahoo.com

Insider Sell: CFO Mark Slicer Sells 3,005 Shares of Onto Innovation Inc

September 28, 2023 | Chaikin Analytics (Ad)

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September 19, 2023 | americanbankingnews.com

Onto Innovation Inc. (NYSE:ONTO) CFO Sells $376,045.70 in Stock

September 19, 2023 | americanbankingnews.com

Robert Fiordalice Sells 7,049 Shares of Onto Innovation Inc. (NYSE:ONTO) Stock

September 7, 2023 | finance.yahoo.com

This Little-Known Semi-Cap Just Received a Massive AI Packaging Order

September 6, 2023 | benzinga.com

Onto Innovation SVP Trades $201K In Company Stock

September 4, 2023 | finance.yahoo.com

1 Small AI Stock Just Landed New Orders Worth Over $100 Million

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August 31, 2023 | msn.com

Onto Innovation (ONTO) Price Target Increased by 20.03% to 147.90

August 30, 2023 | markets.businessinsider.com

Onto Innovation (ONTO) Gets a Buy from Benchmark Co.

August 29, 2023 | marketwatch.com

Onto Innovation Shares Rise 13% After $100M in New Orders

August 29, 2023 | finance.yahoo.com

Onto Innovation's (ONTO) DragonFly G3 System Gains Momentum

August 28, 2023 | seekingalpha.com

Onto Innovation announces over $100M in orders for systems supporting advanced AI packaging

August 28, 2023 | finance.yahoo.com

Onto Innovation Announces Over $100 Million in Orders for Systems Supporting Advanced Packaging for AI

August 23, 2023 | seekingalpha.com

Onto Innovation: Plummeting Metrology/Inspection Sales As KLA Continues To Dominate

August 17, 2023 | finance.yahoo.com

1 Small Semiconductor Stock You Need to Know About Right Now

August 16, 2023 | finance.yahoo.com

Onto Innovation to Participate in Upcoming Investor Events

August 13, 2023 | finance.yahoo.com

Onto Innovation Inc. (NYSE:ONTO) Q2 2023 Earnings Call Transcript

August 11, 2023 | finance.yahoo.com

Onto Innovation Reports 2023 Second Quarter Results

August 11, 2023 | finance.yahoo.com

Onto Innovation (ONTO) Lags Q2 Earnings and Revenue Estimates

July 31, 2023 | finance.yahoo.com

Is Onto Innovation Inc.'s (NYSE:ONTO) Latest Stock Performance A Reflection Of Its Financial Health?

July 12, 2023 | finance.yahoo.com

Onto Innovation Expands Portfolio of Process Control Solutions for High Growth Specialty Markets

July 10, 2023 | finance.yahoo.com

Onto Innovation Launches U.S. Applications Center of Excellence Focused on Panel-Level Packaging

July 6, 2023 | finance.yahoo.com

Onto Innovation to Report Second Quarter 2023 Financial Results on August 10, 2023

July 6, 2023 | msn.com

Onto Innovation (ONTO) Price Target Increased by 14.53% to 122.20

July 3, 2023 | finance.yahoo.com

What Does Onto Innovation Inc.'s (NYSE:ONTO) Share Price Indicate?

See More Headlines

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ONTO Company Calendar

Last Earnings: 8/10/2023
Today: 9/28/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Measuring & controlling devices, not elsewhere classified
Sub-Industry: Semiconductor Equipment
Sector: Computer and Technology
Current Symbol: NYSE:ONTO
CUSIP: 63007710
CIK: 704532
Web: www.ontoinnovation.com
Phone: (978) 253-6200
Fax: 408-232-5910
Employees: 1,636
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $118.33
High Stock Price Forecast: $140.00
Low Stock Price Forecast: $92.00
Forecasted Upside/Downside: -9.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.51
Trailing P/E Ratio: 37.04
Forward P/E Ratio: 35.71
P/E Growth: N/A
Net Income: $223.33 million
Net Margins: 19.32%
Pretax Margin: 20.67%
Return on Equity: 14.20%
Return on Assets: 12.70%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 8.64
Quick Ratio: 6.07

Sales & Book Value

Annual Sales: $1.01 billion
Price / Sales: 6.35
Cash Flow: $7.30 per share
Price / Cash Flow: 17.82
Book Value: $32.24 per share
Price / Book: 4.03

Miscellaneous

Outstanding Shares: 49,100,000
Free Float: 48,702,000
Market Cap: $6.38 billion
Optionable: Optionable
Beta: 1.36

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Key Executives

Mr. Michael P. Plisinski (Age 53)
CEO & Director
Comp: $1.34M

Mr. Mark R. Slicer (Age 51)
Sr. VP & CFO
Comp: $671.18k

Ms. Yoon Ah E. Oh (Age 41)
VP, Gen. Counsel & Company Sec.
Comp: $575.07k

Mr. Robert Fiordalice (Age 61)
Sr. VP & GM of Metrology Bus. Unit
Comp: $518.66k

Mr. Ramil Yaldaei (Age 59)
Chief Operating Officer

Mr. Michael Sheaffer
Sr. Director of Investor Relations & ESG Reporting

Dr. Michel Rosa
Chief Marketing Officer & Sr. VP of Strategy

Dr. Ju Jin Ph.D. (Age 57)
Sr. VP & GM of Inspection Bus. Unit

Dr. Srinivas Vedula Ph.D. (Age 50)
Sr. VP of Customer Success Group

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ONTO Stock - 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 year. 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 forecast for 2023?: 6 analysts have issued 12 month price targets for Onto Innovation's shares. Their ONTO share price forecasts range from $92.00 to $140.00. On average, they predict the company's stock price to reach $118.33 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
View analysts price targets for ONTO or view top-rated stocks among Wall Street analysts.
How have ONTO shares performed in 2023?: Onto Innovation's stock was trading at $68.09 on January 1st, 2023. Since then, ONTO shares have increased by 90.9% and is now trading at $130.00.
View the best growth stocks for 2023 here.
When is Onto Innovation's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ONTO earnings forecast.
How were Onto Innovation's earnings last quarter?: Onto Innovation Inc. (NYSE:ONTO) announced its quarterly earnings results on Thursday, August, 10th. The semiconductor company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.83 by $0.04. The semiconductor company earned $190.66 million during the quarter, compared to the consensus estimate of $203 million. Onto Innovation had a net margin of 19.32% and a trailing twelve-month return on equity of 14.20%. Onto Innovation's quarterly revenue was down 25.6% on a year-over-year basis. During the same period last year, the company posted $1.28 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), 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).
What guidance has Onto Innovation issued on next quarter's earnings?: Onto Innovation updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of $0.85-$1.05 for the period, compared to the consensus EPS 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.

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).
What is Onto Innovation's stock symbol?: Onto Innovation trades on the New York Stock Exchange (NYSE) under the ticker symbol "ONTO."
Who are Onto Innovation's major shareholders?: Onto Innovation's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Onto Innovation's stock price today?: One share of ONTO stock can currently be purchased for approximately $130.00.
How much money does Onto Innovation make?: Onto Innovation (NYSE:ONTO) has a market capitalization of $6.38 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.
How many employees does Onto Innovation have?: The company employs 1,636 workers across the globe.
How can I contact Onto Innovation?: 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.

This page (NYSE:ONTO) was last updated on 9/28/2023 by MarketBeat.com Staff

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