Onto Innovation Inc (NYSE: ONTO) is 27.81% higher on its value in year-to-date trading and has touched a low of $141.79 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 $204.67 in the last trading session, with the day’s gains setting it 8.35%.
Currently trading at $213.02, the stock is 17.31% and 22.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 4.08% at the moment leaves the stock 8.19% off its SMA200. ONTO registered 44.38% gain for a year compared to 6-month loss of 2.88%. The firm has a 50-day simple moving average (SMA 50) of $172.6736 and a 200-day simple moving average (SMA200) of $196.7502.
The stock witnessed a 27.49% gain in the last 1 month and extending the period to 3 months gives it a 4.28%, and is 10.82% 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 4.09% over the week and 3.71% over the month.
Onto Innovation Inc (ONTO) has around 1497 employees, a market worth around $10.52B and $942.24M in sales. Current P/E ratio is 57.75 and Fwd P/E is 32.01. Profit margin for the company is 19.44%. Distance from 52-week low is 50.24% and -10.84% from its 52-week high. The company has generated returns on investments over the last 12 months (9.57%).
with sales reaching $260.53M over the same period.The EPS is expected to grow by 40.39% this year, but quarterly earnings will post 20.58% year-over-year. Quarterly sales are estimated to grow 19.04% in year-over-year returns.
707.0 institutions hold shares in Onto Innovation Inc (ONTO), with institutional investors hold 98.63% of the company’s shares. The shares outstanding are 49.39M, and float is at 49.00M with Short Float at 2.37%. Institutions hold 97.94% 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 3.6067 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
Onto Innovation Inc disclosed in a document filed with the SEC on Jan 15 ’25 that Vedula Srinivas (SVP, Customer Success) sold a total of 827 shares of the company’s common stock. The trade occurred on Jan 15 ’25 and was made at $205.00 per share for $0.17 million. Following the transaction, the insider now directly holds 15223.0 shares of the ONTO stock.
Still, SEC filings show that on Jan 14 ’25, Plisinski Michael P (CEO) disposed off 20,000 shares at an average price of $200.19 for $4.0 million. The insider now directly holds 215,492 shares of Onto Innovation Inc (ONTO).
