Onto Innovation (ONTO) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Onto Innovation in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ONTO shares.
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5 Wall Street research analysts have issued 12 month price objectives for Onto Innovation's shares. Their ONTO share price forecasts range from $92.00 to $124.00. On average, they expect the company's share price to reach $109.50 in the next year. This suggests that the stock has a possible downside of 3.1%.
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Onto Innovation's stock was trading at $68.09 at the start of the year. Since then, ONTO shares have increased by 65.9% and is now trading at $112.99.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our ONTO earnings forecast.

Onto Innovation Inc. (NYSE:ONTO) announced its earnings results on Thursday, May, 4th. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The semiconductor company had revenue of $199.17 million for the quarter, compared to analysts' expectations of $200 million. Onto Innovation had a net margin of 20.67% and a trailing twelve-month return on equity of 16.09%. Onto Innovation's quarterly revenue was down 17.5% on a year-over-year basis. During the same period last year, the business posted $1.31 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), Janus Henderson Small Cap Growth Alpha ETF (JSML), Invesco DWA Technology Momentum ETF (PTF), Defiance Quantum ETF (QTUM), SPDR FactSet Innovative Technology ETF (XITK), Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).

Onto Innovation updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $0.75-$0.90 for the period, compared to the consensus estimate of $0.92. The company issued revenue guidance of $194.88 million-$211.12 million, compared to the consensus revenue estimate of $204.80 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.21%), State Street Corp (3.45%), Franklin Resources Inc. (3.31%), Dimensional Fund Advisors LP (3.20%), Paradigm Capital Management Inc. NY (2.42%) and Fisher Asset Management LLC (2.21%). Insiders that own company stock include Bruce C Rhine, David Brian Miller, Ju Jin, Kevin Heidrich, Michael P Plisinski, Michael P Plisinski, Robert Alan Koch, Robert Fiordalice, Srinivas Vedula, Steven R Roth and Steven R Roth.
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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.
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One share of ONTO stock can currently be purchased for approximately $112.99.

Onto Innovation (NYSE:ONTO) has a market capitalization of $5.53 billion and generates $1.01 billion in revenue each year. The semiconductor company earns $223.33 million in net income (profit) each year or $4.01 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.