Onto Innovation Inc (NYSE: ONTO) is 7.91% higher on its value in year-to-date trading and has touched a low of $134.11 and a high of $238.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ONTO stock was last observed hovering at around $170.13 in the last trading session, with the day’s loss setting it -5.14%.
Currently trading at $164.99, the stock is -1.23% and -12.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -3.02% at the moment leaves the stock -16.46% off its SMA200. ONTO registered 17.98% gain for a year compared to 6-month loss of -23.99%. The firm has a 50-day simple moving average (SMA 50) of $190.0648 and a 200-day simple moving average (SMA200) of $197.5207.
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The stock witnessed a -5.03% gain in the last 1 month and extending the period to 3 months gives it a -6.94%, and is 2.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.58% over the week and 3.33% over the month.
Onto Innovation Inc (ONTO) has around 1497 employees, a market worth around $8.15B and $942.24M in sales. Current P/E ratio is 44.73 and Fwd P/E is 24.66. Profit margin for the company is 19.44%. Distance from 52-week low is 23.03% and -30.95% from its 52-week high. The company has generated returns on investments over the last 12 months (9.57%).
The EPS is expected to grow by 40.38% this year
707.0 institutions hold shares in Onto Innovation Inc (ONTO), with institutional investors hold 98.57% of the company’s shares. The shares outstanding are 49.39M, and float is at 48.99M with Short Float at 2.08%. Institutions hold 97.88% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.02 million shares valued at $1.1 billion. The investor’s holdings represent 10.1957 of the ONTO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.88 million shares valued at $1.07 billion to account for 9.9179 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 1.78 million shares representing 3.6149 and valued at over $390.73 million, while INVESCO LTD. holds 3.2207 of the shares totaling 1.59 million with a market value of $348.12 million.
Onto Innovation Inc (ONTO) Insider Activity
The most recent transaction is an insider sale by Slicer Mark, the company’s Chief Financial Officer. SEC filings show that Slicer Mark sold 1,100 shares of the company’s common stock on Nov 15 ’24 at a price of $160.41 per share for a total of $0.18 million. Following the sale, the insider now owns 10933.0 shares.
Still, SEC filings show that on Sep 03 ’24, Vedula Srinivas (SVP, Customer Success) disposed off 1,275 shares at an average price of $207.24 for $0.26 million. The insider now directly holds 16,050 shares of Onto Innovation Inc (ONTO).
