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Onto Innovation Inc (ONTO)
NYSE:ONTO
Onto Innovation (ONTO) Stock Price & Analysis
590 Followers
ONTO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$94.83 - $235.42
Previous Close$223.97
Volume436.49K
Average Volume (3M)433.11K
Market Cap
$11.04B
Enterprise Value$10.34B
Total Cash (Recent Filing)$697.81M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)79.8
Beta1.74
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. Volume567,737
30 Day Avg. Volume433,107
Standard Deviation0.12
R-Squared0.37
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)8.42
Price to Sales (P/S)50.32
Price to Cash Flow (P/CF)48.30
P/FCF Ratio55.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue12.67
Enterprise Value/Gross Profit24.60
Enterprise Value/Ebitda53.45
Forecast
1Y Price Target
$247.00Price Target Upside10.51% 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
Financial PerformanceOnto reported upside results and guided to higher sales in the second half of the year, signaling strong financial momentum.
Industry TrendONTO is well-positioned to capitalize on the growing adoption of chiplet architectures and AI-driven demand in semiconductor technologies.
Market OpportunityThe company is poised to benefit from significant investments in internal chip production by the U.S., Europe, and Japan, enhancing its growth prospects.
Bears Say
Geopolitical RiskThe company's exposure to China could pose risks in the wake of potential trade restrictions, affecting its operations.
Market DynamicsThe recovery of advanced nodes and power semis may face headwinds due to a potential digestion period of CoWoS and HBM technologies.
Supply And DemandThe concern over HBM overcapacity could lead to a negative impact on the company's performance.
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Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
ONTO FAQ
What was Onto Innovation Inc’s price range in the past 12 months?
Onto Innovation Inc lowest stock price was $94.83 and its highest was $235.41 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 80 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 125M.
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Onto Innovation Stock Smart Score
Outperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$247.00 (10.51% Upside)
$247.00 (10.51% Upside)
Blogger Sentiment
Bullish
ONTO Sentiment 75%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 157.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 5.4%
Last 30 Days ▲ 18.6%
Last 30 Days ▲ 18.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
134.03%
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
$247.00
▲(10.51% Upside)
Technical Analysis
Best Analysts Covering ONTO
1 Year
1 Year Success Rate
27/30 ratings generated profit
1 Year Average Return
+56.89%
reiterated a buy rating 8 days ago
Copying Craig Ellis's trades and holding each position for 1 Year would result in 90.00% of your transactions generating a profit, with an average return of +56.89% per trade.
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