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Onto Innovation Inc (ONTO)
NYSE:ONTO
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ONTO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$108.98 - $238.93
Previous Close$192.05
Volume511.14K
Average Volume (3M)714.03K
Market Cap
$9.48B
Enterprise Value$8.70B
Total Cash (Recent Filing)$786.03M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)57.4
Beta2.06
Next Earnings
Nov 07, 2024EPS Estimate
$1.31Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.35
Shares Outstanding49,383,617
10 Day Avg. Volume488,377
30 Day Avg. Volume714,029
Standard Deviation0.12
R-Squared0.35
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)5.18
Price to Sales (P/S)10.43
Price to Cash Flow (P/CF)37.40
P/FCF Ratio46.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.69
Enterprise Value/Gross Profit20.70
Enterprise Value/Ebitda35.13
Forecast
1Y Price Target
$257.50Price Target Upside37.14% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Onto Innovation News
Bulls Say, Bears Say
Bulls Say
EarningsOnto Innovation reported 2Q24 non-GAAP earnings of $1.32 per diluted share, which were $0.12 above investor expectations.
Product DevelopmentA new Firefly® G3 inspection system was selected by a leading panel manufacturer to find and categorize critical defects on advanced chiplet substrates.
Sales PerformanceSpecialty/AP sales reached a record $164 million, surpassing the $158 million reported in the prior quarter.
Bears Say
Market DynamicsManagement sees some competing dynamics between the recovery of advanced nodes and power semiconductors, along with a potential digestion period of CoWoS and HBM.
Performance ExpectationsThe company needs to continuously deliver beat-and-raise quarters to maintain the stock's premium valuation, as it is seen as priced to perfection.
ValuationThe stock is not cheap as it still trades at around 29 times the revised earnings estimate.
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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 $108.98 and its highest was $238.93 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 Nov 07, 2024 which is in 48 days.
How were Onto Innovation Inc’s earnings last quarter?
Onto Innovation Inc released its earnings results on Aug 08, 2024. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.199 by $0.121.
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 $1.31.
How many shares outstanding does Onto Innovation Inc have?
Onto Innovation Inc has 49,383,617 shares outstanding.
What happened to Onto Innovation Inc’s price movement after its last earnings report?
Onto Innovation Inc reported an EPS of $1.32 in its last earnings report, beating expectations of $1.199. Following the earnings report the stock price went up 8.509%.
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 169M.
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Onto Innovation Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$257.50 (37.14% Upside)
$257.50 (37.14% Upside)
Blogger Sentiment
Bullish
ONTO Sentiment 88%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 1.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.6%
Last 30 Days ▲ 3.1%
Last 30 Days ▲ 3.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
54.39%
12-Months-Change
Fundamentals
Return on Equity
9.52%
Trailing 12-Months
Asset Growth
10.14%
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
Q2 2024
0:00 / 0:00
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ONTO Stock 12 Month Forecast
Average Price Target
$257.50
▲(37.14% Upside)
Technical Analysis
Best Analysts Covering ONTO
1 Year
1 Year Success Rate
27/31 ratings generated profit
1 Year Average Return
+51.49%
reiterated a buy rating 3 months 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 +51.49% per trade.
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