Onto Innovation Inc (NYSE: ONTO) is -12.66% lower on its value in year-to-date trading and has touched a low of $145.15 and a high of $238.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ONTO stock was last observed hovering at around $154.29 in the last trading session, with the day’s loss setting it -8.72%.
Currently trading at $145.57, the stock is -18.55% and -20.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -5.65% at the moment leaves the stock -25.97% off its SMA200. ONTO registered -19.36% loss for a year compared to 6-month loss of -30.16%.
The stock witnessed a -20.70% gain in the last 1 month and extending the period to 3 months gives it a -12.46%, and is -12.91% down 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 5.03% over the week and 4.59% over the month.
Onto Innovation Inc (ONTO) has around 1551 employees, a market worth around $7.17B and $987.32M in sales. Current P/E ratio is 35.85 and Fwd P/E is 18.62. Profit margin for the company is 20.43%. Distance from 52-week low is 0.29% and -39.07% from its 52-week high. The company has generated returns on investments over the last 12 months (10.42%).
with sales reaching $267.06M over the same period.The EPS is expected to grow by 18.84% this year, but quarterly earnings will post 13.64% year-over-year. Quarterly sales are estimated to grow 16.70% in year-over-year returns.
The shares outstanding are 49.24M, and float is at 48.91M with Short Float at 2.50%.
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
The most recent transaction is an insider sale by Vedula Srinivas, the company’s SVP, Customer Success. SEC filings show that Vedula Srinivas sold 238 shares of the company’s common stock on Feb 13 ’25 at a price of $169.58 per share for a total of $40360.0. Following the sale, the insider now owns 15472.0 shares.
Still, SEC filings show that on Jan 21 ’25, Plisinski Michael P (CEO) disposed off 35,000 shares at an average price of $219.19 for $7.67 million. The insider now directly holds 150,492 shares of Onto Innovation Inc (ONTO).
