NYSE:ONTO

Onto Innovation (ONTO) Stock Forecast, Price & News

$106.74

-0.61 (-0.57%)

(As of 06/1/2023 ET)

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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: 0.68
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

1.5

Analyst's Opinion

Consensus Rating
Onto Innovation has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $101.33, Onto Innovation has a forecasted downside of 5.1% from its current price of $106.74.
Amount of Analyst Coverage
Onto Innovation has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.52% 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 5.2.
Change versus previous month
Short interest in Onto Innovation has recently increased by 8.93%, 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.

3.2

News and Social Media Coverage

News Sentiment
Onto Innovation has a news sentiment score of 0.68. 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 0.43 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Onto Innovation this week, compared to 3 articles on an average week.
Search Interest
14 people have searched for ONTO on MarketBeat in the last 30 days. This is an increase of 1,300% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Onto Innovation to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $727,969.00 in company stock.
Percentage Held by Insiders
Only 0.81% of the stock of Onto Innovation is held by insiders.
Percentage Held by Institutions
93.59% 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 19.28% in the coming year, from $3.63 to $4.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Onto Innovation is 26.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Onto Innovation is 26.62, 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 354.51.
Price to Book Value per Share Ratio
Onto Innovation has a P/B Ratio of 3.21. 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 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

June 2, 2023 | americanbankingnews.com

Benchmark Increases Onto Innovation (NYSE:ONTO) Price Target to $118.00

June 1, 2023 | americanbankingnews.com

Robert Fiordalice Sells 846 Shares of Onto Innovation Inc. (NYSE:ONTO) Stock

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May 30, 2023 | msn.com

Stifel Maintains Onto Innovation (ONTO) Buy Recommendation

May 30, 2023 | americanbankingnews.com

Stifel Nicolaus Raises Onto Innovation (NYSE:ONTO) Price Target to $124.00

May 22, 2023 | finance.yahoo.com

The 7.5% return this week takes Onto Innovation's (NYSE:ONTO) shareholders three-year gains to 216%

May 20, 2023 | americanbankingnews.com

Robert Fiordalice Sells 768 Shares of Onto Innovation Inc. (NYSE:ONTO) Stock

May 19, 2023 | americanbankingnews.com

Robert Fiordalice Sells 669 Shares of Onto Innovation Inc. (NYSE:ONTO) Stock

June 2, 2023 | Edge On The Street (Ad)

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May 18, 2023 | americanbankingnews.com

Onto Innovation Inc. (NYSE:ONTO) Receives $96.80 Average PT from Brokerages

May 17, 2023 | americanbankingnews.com

Onto Innovation (NYSE:ONTO) Hits New 12-Month High at $90.45

May 11, 2023 | finance.yahoo.com

Onto Innovation to Host Analyst Event and Participate in Upcoming Investor Events

May 11, 2023 | fool.com

Onto Innovation (NYSE: ONTO)

May 10, 2023 | wsj.com

Onto Innovation Inc.

May 9, 2023 | americanbankingnews.com

Onto Innovation Inc. Forecasted to Earn Q2 2023 Earnings of $0.82 Per Share (NYSE:ONTO)

May 8, 2023 | americanbankingnews.com

StockNews.com Downgrades Onto Innovation (NYSE:ONTO) to Hold

May 6, 2023 | msn.com

Benchmark Maintains Onto Innovation (ONTO) Buy Recommendation

May 5, 2023 | finance.yahoo.com

Onto (ONTO) Q1 Earnings Top Estimates, Revenues Fall Y/Y

May 5, 2023 | finance.yahoo.com

Onto Innovation (NYSE:ONTO) Hasn't Managed To Accelerate Its Returns

May 4, 2023 | finance.yahoo.com

Onto Innovation (ONTO) Q1 Earnings Beat Estimates

May 4, 2023 | msn.com

Onto Innovation Non-GAAP EPS of $0.92 beats by $0.03, revenue of $199M misses by $1M

May 4, 2023 | finance.yahoo.com

Onto Innovation Reports 2023 First Quarter Results

May 3, 2023 | marketwatch.com

Advanced Packaging Inspection Systems Market Size 2023 Emerging Technologies, Opportunity and Forecast to 2030 | Camtek, Onto Innovation, KLA

May 3, 2023 | markets.businessinsider.com

What Wall Street expects from Onto Innovation's earnings

May 2, 2023 | americanbankingnews.com

Onto Innovation (ONTO) to Release Quarterly Earnings on Thursday

April 27, 2023 | finance.yahoo.com

Earnings Preview: Onto Innovation (ONTO) Q1 Earnings Expected to Decline

April 27, 2023 | americanbankingnews.com

Onto Innovation Inc. (NYSE:ONTO) Given Consensus Rating of "Buy" by Brokerages

See More Headlines

ONTO Price History

30 days | 90 days | 365 days | Advanced Chart

ONTO Company Calendar

Last Earnings: 5/04/2023
Today: 6/02/2023
Next Earnings (Estimated): 8/08/2023
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: $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

EPS (Most Recent Fiscal Year): $4.01
Trailing P/E Ratio: 26.62
Forward P/E Ratio: 29.40
P/E Growth: N/A
Net Income: $223.33 million
Net Margins: 20.67%
Pretax Margin: 22.31%
Return on Equity: 16.09%
Return on Assets: 14.22%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 7.78
Quick Ratio: 5.50

Sales & Book Value

Annual Sales: $1.01 billion
Price / Sales: 5.19
Cash Flow: $6.68 per share
Price / Cash Flow: 15.98
Book Value: $33.22 per share
Price / Book: 3.21

Miscellaneous

Outstanding Shares: 48,900,000
Free Float: 48,504,000
Market Cap: $5.22 billion
Optionable: Optionable
Beta: 1.46

Key Executives

Michael 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

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?: 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 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), 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 SPDR S&P 600 Small Cap Growth ETF (SLYG).
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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