Onto Innovation Inc. designs, develops, manufactures, and supports process control tools that performs macro-defect inspection and metrology, lithography systems, and process control analytical software used by semiconductor and advanced packaging device manufacturers worldwide.
Onto Innovation stock last closed at $127.52, down 1.33% from the previous day, and has increased 95.67% in one year. It has overperformed other stocks in the Semiconductor Equipment & Materials industry by 0.49 percentage points. Onto Innovation stock is currently +127.63% from its 52-week low of $56.02, and -10.36% from its 52-week high of $142.27.
There are currently 49.07M shares of ONTO outstanding. The market cap of ONTO is $6.26B. In the past 24 hours, 429,898 ONTO shares were traded.
You will need a brokerage account in order to access the NYSE market and buy ONTO shares.
In our opinion, eToro is the best brokerage. eToro gives you:
Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountNow that you've chosen the right brokerage, it's time to fill out some personal info so you can buy ONTO today.
Now that you have opened your account on one of the most highly reviewed stock apps, you can securely and quickly fund your account:
Check out the video below to see the process of depositing funds into your new investment account.
Once you have chosen the best place to buy Onto Innovation stock, it's critical to evaluate their stock prior to buying, so you truly wrap your head around the risk as well as the opportunity.
WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on ONTO's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ONTO's intrinsic value.
Using relative valuations metrics:
You can do additional valuation research on ONTO's stock here.
Out of 3 Equities analysts who track ONTO, the consensus analyst rating on ONTO is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Mark Miller, a top 7% analyst from Benchmark maintains ONTO with a strong buy rating and raises their ONTO price target from $118.00 to $125.00, on Aug 11, 2023.
Benchmark's Mark Miller raised their price target on Onto Innovation (NYSE: ONTO) by 5.9% from $118 to $125 on 2023/08/11. The analyst maintained their Strong Buy rating on the stock.
Onto Innovation's "light" Q2 2023 results, released on 2023/08/10, can be explained by "the delay of shipment of three litho tools into Q3," Miller said.
Benchmark now estimates Onto's EPS to grow 33% Y/Y to $5.02 on sales of $949M, the analyst told readers.
For Q2 2023, Onto Innovation reported:
For Q3 2023, management guided:
CEO Michael Plisinski commented: “During the quarter we saw several positive affirmations of our strategy.
"Our leading position among the top five customers for inspection of heterogeneous packaging and HBM to support the increasing AI end market resulted in solid demand in the quarter and positioned Onto for further inspection growth throughout the year.
"Demand for our solutions in power semiconductors continued to grow, and we now have a backlog of orders for our recently announced Element™ materials metrology and Atlas® OCD metrology products specifically designed to support the power market.”
“Although our advanced node customers remain at significantly reduced spending levels, we have several productive engagements with their R&D teams, resulting in new-tool-of-record positions for our films metrology systems and integrated metrology modules, which should contribute to broader growth when production spending resumes.”
Brian Chin, a top 13% analyst from Stifel Nicolaus maintains ONTO with a strong buy rating and raises their ONTO price target from $124.00 to $135.00, on Aug 8, 2023.
Vedvati Shrotre, a top 27% analyst from Jefferies maintains ONTO with a strong buy rating and raises their ONTO price target from $100.00 to $123.00, on Jun 5, 2023.
You can dive deeper into what analysts are saying on the Onto Innovation stock forecast page.
Last year, ONTO earnings were $173.39M. In the past five year, ONTO's earnings have grown by 10.12% per year. This was slower than the Semiconductor Equipment & Materials industry average of 22.94%.
Last year, ONTO revenue was $897.35M. During the past 5 year, ONTO's revenue has gone up by 24.31% per year. This was faster than the Semiconductor Equipment & Materials industry average of 15.94%.
Dig into ONTO's earnings and revenue performance here.
In the past 12 months, executives and large shareholders at ONTO have sold more shares than they have bought.
Robert Fiordalice, SVP GM Metrology BU of ONTO, was the latest ONTO insider to sell. They sold $20,674.44 worth of ONTO shares on Sep 15, 2023.
Research more about who owns ONTO shares here.
No, Onto Innovation doesn't provide an income stream by paying out dividends.
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
There are two primary order types:
Click the Open Trade button and your broker will place the order.
If you require more help buying stocks on eToro, watch the helpful video below:
Now that you own some shares in ONTO, you'll want to keep up with your stock purchase.
Start a watchlist to see the latest developments about your ONTO stock.
To summarize, here are the 6 steps you need to take to buy Onto Innovation stock right now:
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to monitor your investment in Onto Innovation, create your watchlist below.