Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Onto Innovation Inc.’s stock clocked out at $170.77, up 0.81% from its previous closing price of $169.39. In other words, the price has increased by $0.81 from its previous closing price. On the day, 0.51 million shares were traded. ONTO stock price reached its highest trading level at $170.92 during the session, while it also had its lowest trading level at $167.41.
Ratios:
To gain a deeper understanding of ONTO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.16. For the most recent quarter (mrq), Quick Ratio is recorded 6.47 and its Current Ratio is at 8.69. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $235.
On April 21, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $100.Jefferies initiated its Buy rating on April 21, 2023, with a $100 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 20 ’24 when Plisinski Michael P sold 40,000 shares for $175.48 per share. The transaction valued at 7,019,129 led to the insider holds 235,492 shares of the business.
OH Yoon Ah sold 1,685 shares of ONTO for $303,300 on Mar 18 ’24. The VP, General Counsel & Corp Sec now owns 14,913 shares after completing the transaction at $180.00 per share. On Mar 15 ’24, another insider, OH Yoon Ah, who serves as the VP, General Counsel & Corp Sec of the company, sold 2,685 shares for $173.96 each. As a result, the insider received 467,083 and left with 16,598 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONTO now has a Market Capitalization of 8402225664 and an Enterprise Value of 7711643136. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.55, and their Forward P/E ratio for the next fiscal year is 28.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.28 while its Price-to-Book (P/B) ratio in mrq is 4.83. Its current Enterprise Value per Revenue stands at 9.452 whereas that against EBITDA is 42.073.
Stock Price History:
The Beta on a monthly basis for ONTO is 1.42, which has changed by 1.1754141 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, ONTO has reached a high of $199.72, while it has fallen to a 52-week low of $76.40. The 50-Day Moving Average of the stock is -5.87%, while the 200-Day Moving Average is calculated to be 18.54%.
Shares Statistics:
It appears that ONTO traded 428.16K shares on average per day over the past three months and 422680 shares per day over the past ten days. A total of 49.09M shares are outstanding, with a floating share count of 48.67M. Insiders hold about 0.94% of the company’s shares, while institutions hold 100.48% stake in the company. Shares short for ONTO as of 1711584000 were 1257748 with a Short Ratio of 2.94, compared to 1709164800 on 1434208. Therefore, it implies a Short% of Shares Outstanding of 1257748 and a Short% of Float of 3.35.
Earnings Estimates
The current rating of Onto Innovation Inc. (ONTO) reflects the combined expertise of 6 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of $1.08 for the current quarter, with a high estimate of $1.1 and a low estimate of $1.02, while EPS last year was $0.92. The consensus estimate for the next quarter is $1.11, with high estimates of $1.14 and low estimates of $1.06.
Analysts are recommending an EPS of between $4.85 and $4.54 for the fiscal current year, implying an average EPS of $4.66. EPS for the following year is $5.93, with 5 analysts recommending between $6.25 and $5.7.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $222.55M. It ranges from a high estimate of $223M to a low estimate of $222M. As of the current estimate, Onto Innovation Inc.’s year-ago sales were $199.16M, an estimated increase of 11.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $226.02M, an increase of 11.30% less than the figure of $11.70% in the same quarter last year. There is a high estimate of $229M for the next quarter, whereas the lowest estimate is $222.2M.
A total of 6 analysts have provided revenue estimates for ONTO’s current fiscal year. The highest revenue estimate was $945.8M, while the lowest revenue estimate was $909M, resulting in an average revenue estimate of $924.05M. In the same quarter a year ago, actual revenue was $815.87M, up 13.30% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.05B in the next fiscal year. The high estimate is $1.08B and the low estimate is $1.01B. The average revenue growth estimate for next year is up 13.70% from the average revenue estimate for this year.
