In yesterday’s Wall Street session, Onto Innovation Inc. (NYSE:ONTO) shares traded at $66.84, down -0.52% from the previous session.
As of this writing, 5 analysts cover Onto Innovation Inc. (NYSE:ONTO). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $75.00, we find $85.00. Given the previous closing price of $67.19, this indicates a potential upside of 26.51 percent. ONTO stock price is now -1.75% away from the 50-day moving average and -12.71% away from the 200-day moving average. The market capitalization of the company currently stands at $3.22B.
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There are 0 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $86.00 as their price target over the next twelve months.
In other news, Rhine Bruce C, Director sold 61,055 shares of the company’s stock on Feb 15. The stock was sold for $5,481,254 at an average price of $89.78. Upon completion of the transaction, the Director now directly owns 3,500 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 14, Sr VP & CFO ROTH STEVEN R sold 5,000 shares of the business’s stock. A total of $525,000 was realized by selling the stock at an average price of $105.00. This leaves the insider owning 18,803 shares of the company worth $1.26 million. Insiders disposed of 195,806 shares of company stock worth roughly $13.09 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ONTO stock. A new stake in Onto Innovation Inc. shares was purchased by NORGES BANK during the first quarter worth $7,987,000. DIVISAR CAPITAL MANAGEMENT LLC invested $7,957,000 in shares of ONTO during the first quarter. In the first quarter, 1832 ASSET MANAGEMENT L.P. acquired a new stake in Onto Innovation Inc. valued at approximately $5,869,000. FRED ALGER MANAGEMENT, LLC acquired a new stake in ONTO for approximately $5,045,000. PROSPECT CAPITAL ADVISORS, LLC purchased a new stake in ONTO valued at around $4,280,000 in the second quarter. In total, there are 424 active investors with 99.00% ownership of the company’s stock.
Monday morning saw Onto Innovation Inc. (NYSE: ONTO) opened at $66.62. During the past 12 months, Onto Innovation Inc. has had a low of $56.02 and a high of $106.09. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.10, and a quick ratio of 4.60. The fifty day moving average price for ONTO is $68.03 and a two-hundred day moving average price translates $76.58 for the stock.
The latest earnings results from Onto Innovation Inc. (NYSE: ONTO) was released for Apr, 2022. According to the Semiconductors Company, earnings per share came in at $1.31, beating analysts’ expectations of $1.17 by 0.14. This compares to $0.71 EPS in the same period last year. The net profit margin was 18.60% and return on equity was 11.80% for ONTO. The company reported revenue of $256.31 million for the quarter, compared to $193.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.54 percent. For the current quarter, analysts expect ONTO to generate $241.8M in revenue.
Onto Innovation Inc.(ONTO) Company Profile
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. The company also provides spare parts and software licensing services. Its products are used by semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; RF filter; data storage; and various industrial and scientific applications. The company was formerly known as Rudolph Technologies, Inc. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.
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