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Onto Innovation Inc (ONTO)
NYSE:ONTO
Onto Innovation (ONTO) Stock Price & Analysis
614 Followers
ONTO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$103.94 - $238.13
Previous Close$218.99
Volume977.50K
Average Volume (3M)581.17K
Market Cap
$10.79B
Enterprise Value$10.05B
Total Cash (Recent Filing)$740.93M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)78.0
Beta1.78
Next Earnings
Aug 06, 2024EPS Estimate
$1.2Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.81
Shares Outstanding49,275,852
10 Day Avg. Volume486,573
30 Day Avg. Volume581,167
Standard Deviation0.12
R-Squared0.37
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)8.13
Price to Sales (P/S)48.72
Price to Cash Flow (P/CF)46.70
P/FCF Ratio53.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.89
Enterprise Value/Gross Profit23.91
Enterprise Value/Ebitda46.05
Forecast
1Y Price Target
$253.00Price Target Upside12.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Onto Innovation News
PremiumPre-Earnings
Is ONTO a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
Market PositionONTO is an AI beneficiary benefiting from the growing adoption of chiplet architectures as AI chips drive die sizes larger.
Product AdoptionA new Firefly® G3 inspection system was selected by a leading panel manufacturer to find and categorize critical defects on advanced chiplet substrates.
Revenue GrowthManagement sees total revenue growing sequentially through the year.
Bears Say
Geopolitical RiskExposure to geopolitical risk with China and potential trade restrictions could negatively impact the company's operations and profitability.
Market DynamicsCompeting dynamics between the recovery of advanced nodes and power semiconductors, along with a potential digestion period of CoWoS and HBM, may create uncertainty for the company's growth prospects.
ValuationThe need to continuously deliver beat-and-raise quarters to maintain the stock's premium valuation suggests that any underperformance could lead to a significant drop in stock price.
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Ownership Overview
15.94% Insiders
41.01% Mutual Funds
21.25% Other Institutional Investors
21.80% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ONTO FAQ
What was Onto Innovation Inc’s price range in the past 12 months?
Onto Innovation Inc lowest stock price was $103.94 and its highest was $238.13 in the past 12 months.
What is Onto Innovation Inc’s market cap?
Currently, no data Available
When is Onto Innovation Inc’s upcoming earnings report date?
Onto Innovation Inc’s upcoming earnings report date is Aug 06, 2024 which is in 34 days.
How were Onto Innovation Inc’s earnings last quarter?
Onto Innovation Inc released its earnings results on May 09, 2024. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.1.
Is Onto Innovation Inc overvalued?
According to Wall Street analysts Onto Innovation Inc’s price is currently Undervalued.
Does Onto Innovation Inc pay dividends?
Onto Innovation Inc does not currently pay dividends.
What is Onto Innovation Inc’s EPS estimate?
Onto Innovation Inc’s EPS estimate is $1.2.
How many shares outstanding does Onto Innovation Inc have?
Onto Innovation Inc has 49,275,852 shares outstanding.
What happened to Onto Innovation Inc’s price movement after its last earnings report?
Onto Innovation Inc reported an EPS of $1.18 in its last earnings report, beating expectations of $1.08. Following the earnings report the stock price went up 7.643%.
Which hedge fund is a major shareholder of Onto Innovation Inc?
Among the largest hedge funds holding Onto Innovation Inc’s share is Fisher Asset Management LLC. It holds Onto Innovation Inc’s shares valued at 142M.
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Onto Innovation Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$253.00 (12.97% Upside)
$253.00 (12.97% Upside)
Blogger Sentiment
Bullish
ONTO Sentiment 88%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 170.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 10.3%
Last 30 Days ▲ 10.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
88.02%
12-Months-Change
Fundamentals
Return on Equity
8.16%
Trailing 12-Months
Asset Growth
8.35%
Trailing 12-Months
Company Description
Onto Innovation Inc
Onto Innovation, Inc. engages in developing 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 Earnings Call
Q1 2024
0:00 / 0:00
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ONTO Stock 12 Month Forecast
Average Price Target
$253.00
▲(12.97% Upside)
Technical Analysis
Best Analysts Covering ONTO
1 Year
1 Year Success Rate
27/31 ratings generated profit
1 Year Average Return
+54.47%
reiterated a buy rating 13 days ago
Copying Craig Ellis's trades and holding each position for 1 Year would result in 87.10% of your transactions generating a profit, with an average return of +54.47% per trade.
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