Onto Innovation Stock Price, News & Analysis (NYSE:ONTO)

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 analysts have issued 12-month price objectives for Onto Innovation's stock. Their ONTO share price targets range from $92.00 to $150.00. On average, they predict the company's share price to reach $124.17 in the next year. This suggests that the stock has a possible downside of 10.0%.
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 102.6% and is now trading at $137.97.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our ONTO earnings forecast.

Onto Innovation Inc. (NYSE:ONTO) announced its quarterly earnings data on Thursday, November, 9th. The semiconductor company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. The semiconductor company had revenue of $207.19 million for the quarter, compared to analyst estimates of $215.20 million. Onto Innovation had a net margin of 18.47% and a trailing twelve-month return on equity of 12.71%. The business's revenue was down 18.5% on a year-over-year basis. During the same period last year, the company earned $1.35 earnings per share.

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 fourth quarter earnings guidance on Thursday, November, 9th. The company provided EPS guidance of $0.90 to $1.10 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of $200 million to $216 million, compared to the consensus revenue estimate of $215.22 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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Paradigm Capital Management Inc. NY (2.41%), Invesco Ltd. (2.19%), FMR LLC (2.05%), Wellington Management Group LLP (1.52%), Northern Trust Corp (1.24%) and Charles Schwab Investment Management Inc. (1.22%). 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.