ONTO vs. TRMB, OTEX, U, DAY, MNDY, GWRE, WWD, PCTY, TOST, and ZG
Should you be buying Onto Innovation stock or one of its competitors? The main competitors of Onto Innovation include Trimble (TRMB), Open Text (OTEX), Unity Software (U), Dayforce (DAY), monday.com (MNDY), Guidewire Software (GWRE), Woodward (WWD), Paylocity (PCTY), Toast (TOST), and Zillow Group (ZG). These companies are all part of the "computer and technology" sector.
Trimble (NASDAQ:TRMB) and Onto Innovation (NYSE:ONTO) are both computer and technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, dividends, analyst recommendations, media sentiment, community ranking, risk, profitability, valuation and earnings.
93.2% of Trimble shares are held by institutional investors. Comparatively, 98.3% of Onto Innovation shares are held by institutional investors. 0.6% of Trimble shares are held by insiders. Comparatively, 0.7% of Onto Innovation shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Trimble presently has a consensus target price of $64.83, indicating a potential upside of 11.69%. Onto Innovation has a consensus target price of $191.60, indicating a potential upside of 13.50%. Given Trimble's higher possible upside, analysts plainly believe Onto Innovation is more favorable than Trimble.
Trimble has a beta of 1.5, indicating that its stock price is 50% more volatile than the S&P 500. Comparatively, Onto Innovation has a beta of 1.4, indicating that its stock price is 40% more volatile than the S&P 500.
In the previous week, Trimble had 7 more articles in the media than Onto Innovation. MarketBeat recorded 18 mentions for Trimble and 11 mentions for Onto Innovation. Trimble's average media sentiment score of 1.16 beat Onto Innovation's score of 0.62 indicating that Onto Innovation is being referred to more favorably in the news media.
Trimble has higher revenue and earnings than Onto Innovation. Trimble is trading at a lower price-to-earnings ratio than Onto Innovation, indicating that it is currently the more affordable of the two stocks.
Onto Innovation has a net margin of 14.85% compared to Onto Innovation's net margin of 8.19%. Onto Innovation's return on equity of 12.59% beat Trimble's return on equity.
Trimble received 176 more outperform votes than Onto Innovation when rated by MarketBeat users. Likewise, 68.32% of users gave Trimble an outperform vote while only 67.02% of users gave Onto Innovation an outperform vote.
Summary
Onto Innovation beats Trimble on 9 of the 16 factors compared between the two stocks.
Get Onto Innovation News Delivered to You Automatically
Sign up to receive the latest news and ratings for ONTO and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding ONTO and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartThis chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart
Onto Innovation Competitors List
Related Companies and Tools