Onto Innovation Inc. [ONTO] stock prices are down -2.68% to $184.63 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ONTO shares have gain 2.29% over the last week, with a monthly amount drifted -1.70%, and not seem to be holding up well over a long-time horizon.
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On 4, April 2024, Onto Innovation Announces Investor Relations Transition Plan. In a post published today on Yahoo Finance, Michael Sheaffer to retire in July 2024 following a successful search for successor.
From an analyst’s perspective:
Onto Innovation Inc. [NYSE: ONTO] stock has seen the most recent analyst activity on June 14, 2023, when Needham downgraded its rating to a Hold. Previously, Jefferies started tracking the stock with Buy rating on April 21, 2023, and set its price target to $100. DA Davidson upgraded its rating to a Buy. DA Davidson downgraded its rating to a Neutral.
The stock price of Onto Innovation Inc. [ONTO] has been fluctuating between $76.40 and $199.72 over the past year. Currently, Wall Street analysts expect the stock to reach $215 within the next 12 months. Onto Innovation Inc. [NYSE: ONTO] shares were valued at $184.63 at the most recent close of the market. An investor can expect a potential return of 16.45% based on the average ONTO price forecast.
Analyzing the ONTO fundamentals
The Onto Innovation Inc. [NYSE:ONTO] reported sales of 815.87M for trailing twelve months, representing a drop of -13.59%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.07 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 180.91 points at the first support level, and at 177.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 190.95, and for the 2nd resistance point, it is at 197.27.
Onto Innovation Inc. [ONTO] reported earnings per share of $1.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.01/share, meaning a difference of $0.05 and a surprise factor of 5.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.96 per share as compared to estimates of $0.95 per share, a difference of $0.01 representing a surprise of 1.10%.
Ratios To Look Out For
It’s worth pointing out that Onto Innovation Inc. [NYSE:ONTO]’s Current Ratio is 8.69. On the other hand, the Quick Ratio is 6.47, and the Cash Ratio is 1.58. Considering the valuation of this stock, the price to sales ratio is 11.12, the price to book ratio is 5.22 and price to earnings (TTM) ratio is 75.19.
Transactions by insiders
Recent insider trading involved Plisinski Michael P, CEO, that happened on Mar 20 ’24 when 40000.0 shares were sold. VP, General Counsel & Corp Sec, OH Yoon Ah completed a deal on Mar 18 ’24 to sell 1685.0 shares. Meanwhile, VP, General Counsel & Corp Sec OH Yoon Ah sold 2685.0 shares on Mar 15 ’24.
