How to Buy Onto Innovation Stock

Step 1: Choose where to buy Onto Innovation stock

You will need a brokerage account in order to access the NYSE market and buy ONTO shares.

Step 2: Open your brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal info so you can buy ONTO today.

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1. Click here to get started.
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2. Provide your personal data to open a new brokerage account.

3. Send your application by clicking the "Create Account" button.
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Step 3: Fund your brokerage account

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.

Step 4: Evaluate Onto Innovation stock

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.

Onto Innovation Metrics

Onto Innovation Zen Score

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.

Is ONTO stock undervalued or overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ONTO's intrinsic value.

Using relative valuations metrics:

• ONTO could be overvalued based on its P/E ratio of 73.66x, relative to Semiconductor Equipment & Materials industry P/E ratio of 38.69x
• ONTO could be undervalued based on its P/B ratio of 5.15x, relative to Semiconductor Equipment & Materials industry P/B ratio of 11.36x
• ONTO could be overvalued based on its PEG ratio of 14.66x

You can do additional valuation research on ONTO's stock here.

ONTO Financial Health Summary

Passed Financial Due Diligence Checks:

• Total ONTO debt is lower than 5 years ago, relative to shareholder equity.
• ONTO earnings of $132.58M is not sufficient to cover its interest payments.
• There are more short-term assets than short-term liabilities on the ONTO balance sheet.
• ONTO's operating cash flow of $171.97M allows it to safely service it's debt of $0.00.
• There are more short-term assets than long-term liabilities on the ONTO balance sheet.
• ONTO has a low debt to equity ratio of 0.1.

Failed Financial Due Diligence Checks:

• ONTO profit margin has gone down from 22.2% to 14.9% in the past year.

Is it a good time to buy ONTO stock, according to Wall Street analysts?

Out of 4 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.

You can dig deeper into what analysts are saying on the Onto Innovation stock forecast page.

Metrics for Advanced ONTO Traders

ONTO Growth Metrics

Last year, ONTO earnings were $121.16M. In the past 5 year, ONTO's earnings have grown by 6.89% per year. This was slower than the Semiconductor Equipment & Materials industry average of 17.83%.

Last year, ONTO revenue was $815.87M. During the past five year, ONTO's revenue has gone up by 24.41% per year. This was faster than the Semiconductor Equipment & Materials industry average of 14.25%.

Dive into ONTO's earnings and revenue performance here.

What are ONTO insiders up to?

Over the last 12 months, insiders at ONTO have sold more shares than they have bought.

Srinivas Vedula, SVP Customer Success of ONTO, was the latest ONTO insider to sell. They sold $55,960.60 worth of ONTO stock on Apr 1, 2024.

Dig into more about who owns ONTO stock here.

Does ONTO provide a stable income stream?

No, Onto Innovation doesn't provide an income stream by paying out dividends.

What do other investors have to say about ONTO?

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Place your ONTO buy order

There are two main types of orders:

• Market order: A market order is an order to buy or sell a security at the best price on the market.
  Market orders are mostly the easiest way to buy.
• Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
  If you want to ensure you're buying or selling at a particular price, place a limit order.

Press the Open button and your broker will execute your order.

If you require additional assistance buying stocks on eToro, click the how to video below:

Step 6: Track your ONTO position

Now that you own some ONTO stock, you'll want to keep up with your new shares.

Start a watchlist to monitor your ONTO stock.

How to Buy Stock in Onto Innovation

To summarize, here are the 6 steps for buying Onto Innovation stock:

1. Choose where to buy Onto Innovation stock
2. Open your brokerage account
3. Fund your brokerage account
4. Evaluate Onto Innovation stock
5. Place your ONTO buy order
6. Track your ONTO position

If you require a brokerage account, eToro is our favorite venue.

If you want to keep track of your investment in Onto Innovation, click the button below.

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