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S&P 500   4,221.02
DOW   33,061.57
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S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
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The Graphite Shortage Story You're Not Being Told (Ad)
Nordstrom's Earnings Beat, A Rally In The Making
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NYSE:ONTO

Onto Innovation (ONTO) Stock Forecast, Price & News

$106.74
-0.61 (-0.57%)
(As of 06/1/2023 ET)
Compare
Today's Range
$104.76
$108.01
50-Day Range
$78.50
$109.50
52-Week Range
$56.02
$112.72
Volume
422,732 shs
Average Volume
317,751 shs
Market Capitalization
$5.22 billion
P/E Ratio
26.62
Dividend Yield
N/A
Price Target
$101.33

Onto Innovation MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.1% Downside
$101.33 Price Target
Short Interest
Bearish
2.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.68mentions of Onto Innovation in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$727,969 Sold Last Quarter
Proj. Earnings Growth
19.28%
From $3.63 to $4.33 Per Share

Overall MarketRank

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

2.05 out of 5 stars

Computer And Technology Sector

821st out of 1,226 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

13th out of 16 stocks


ONTO stock logo

About Onto Innovation (NYSE:ONTO) Stock

Onto Innovation, Inc. engages in designing, developing and manufacturing process control systems. It offers process control, combining global scale with an expanded portfolio of technologies that include: 3D metrology spanning the chip from nanometer-scale transistors to micron-level die-interconnects, macro defect inspection of wafers and packages, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging. The company was founded in 1940 and is headquartered in Wilmington, MA.

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ONTO Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
Onto Innovation (NYSE:ONTO) Hits New 12-Month High at $90.45
Onto Innovation (NYSE: ONTO)
Onto Innovation Inc.
Onto Innovation (ONTO) Q1 Earnings Beat Estimates
What Wall Street expects from Onto Innovation's earnings
See More Headlines

ONTO Price History

ONTO Company Calendar

Last Earnings
5/04/2023
Today
6/02/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Measuring & controlling devices, not elsewhere classified
Sub-Industry
Semiconductor Equipment
CUSIP
63007710
Employees
1,636
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$101.33
High Stock Price Forecast
$124.00
Low Stock Price Forecast
$92.00
Forecasted Upside/Downside
-5.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$223.33 million
Pretax Margin
22.31%

Debt

Sales & Book Value

Annual Sales
$1.01 billion
Cash Flow
$6.68 per share
Book Value
$33.22 per share

Miscellaneous

Free Float
48,504,000
Market Cap
$5.22 billion
Optionable
Optionable
Beta
1.46

Key Executives

  • Michael P. PlisinskiMichael P. Plisinski
    Chief Executive Officer & Non-Independent Director
  • Ramil Yaldaei
    Chief Operating Officer
  • Mark Robert Slicer
    Chief Financial Officer & Senior Vice President
  • Yoon Ah Oh
    Secretary, Vice President & General Counsel
  • Michel Rosa
    Chief Marketing Officer & Senior VP-Strategy













ONTO Stock - Frequently Asked Questions

Should I buy or sell Onto Innovation stock right now?

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.
View ONTO analyst ratings
or view top-rated stocks.

What is Onto Innovation's stock price forecast for 2023?

5 Wall Street analysts have issued twelve-month price targets for Onto Innovation's stock. Their ONTO share price forecasts range from $92.00 to $124.00. On average, they anticipate the company's share price to reach $101.33 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
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 at the beginning of the year. Since then, ONTO stock has increased by 56.8% and is now trading at $106.74.
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 Tuesday, August 8th 2023.
View our ONTO earnings forecast
.

How were Onto Innovation's earnings last quarter?

Onto Innovation Inc. (NYSE:ONTO) posted its quarterly earnings data 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 the consensus estimate of $200 million. Onto Innovation had a net margin of 20.67% and a trailing twelve-month return on equity of 16.09%. The company's quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS.

What guidance has Onto Innovation issued on next quarter's earnings?

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 EPS 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.

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 retail and institutional investors. Top institutional investors 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, Kevin Heidrich, 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 $106.74.

How much money does Onto Innovation make?

Onto Innovation (NYSE:ONTO) has a market capitalization of $5.22 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.

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 6/2/2023 by MarketBeat.com Staff

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