Currently, there are 49.09M common shares owned by the public and among those 48.97M shares have been available to trade.
The company’s stock has a 5-day price change of 0.12% and -1.61% over the past three months. ONTO shares are trading 39.45% year to date (YTD), with the 12-month market performance up to 55.95% higher. It has a 12-month low price of $108.98 and touched a high of $238.93 over the same period. ONTO has an average intraday trading volume of 698.22K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.38%, 3.30%, and 15.69% respectively.
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Institutional ownership of Onto Innovation Inc. (NYSE: ONTO) shares accounts for 99.10% of the company’s 49.09M shares outstanding.
It has a market capitalization of $10.53B and a beta (3y monthly) value of 1.36. The stock’s trailing 12-month PE ratio is 63.69, while the earnings-per-share (ttm) stands at $3.35. The company has a PEG of 5.31 and a Quick Ratio of 7.18 with the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.32% over the week and 4.76% over the month.
Analysts forecast that Onto Innovation Inc. (ONTO) will achieve an EPS of 1.31 for the current quarter, 1.41 for the next quarter and 6.79 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.3 while analysts give the company a high EPS estimate of 1.3. Comparatively, EPS for the current quarter was 0.96 a year ago. Earnings per share for the fiscal year are expected to increase by 40.02%, and 29.46% over the next financial year. EPS should grow at an annualized rate of 12.00% over the next five years, compared to 7.12% over the past 5-year period.
Jefferies coverage for the Onto Innovation Inc. (ONTO) stock in a research note released on May 13, 2024 offered a Buy rating with a price target of $265. B. Riley Securities was of a view on May 10, 2024 that the stock is Buy, while Evercore ISI gave the stock Outperform rating on April 16, 2024, issuing a price target of $235. Needham on their part issued Hold rating on June 14, 2023.
