Last month’s performance of 27.01% for Onto Innovation Inc. (ONTO) is certainly impressive

Onto Innovation Inc. (NYSE: ONTO) kicked off on Friday, up 180.01% from the previous trading day, before settling in for the closing price of $183.30. Over the past 52 weeks, ONTO has traded in a range of $76.01-$172.36.

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Annual sales at Technology sector company grew by 28.80% over the past five years. While this was happening, its average annual earnings per share was recorded 25.23%. With a float of $48.62 million, this company’s outstanding shares have now reached $48.68 million.

Onto Innovation Inc. (ONTO) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Semiconductor Equipment & Materials Industry. The insider ownership of Onto Innovation Inc. is 0.94%, while institutional ownership is 100.19%. The most recent insider transaction that took place on Sep 15, was worth 882,435. In this transaction SVP & GM, Metrology BU of this company sold 7,049 shares at a rate of $125.19, taking the stock ownership to the 6,477 shares. Before that another transaction happened on Sep 15, when Company’s Chief Financial Officer sold 3,005 for $125.14, making the entire transaction worth $376,040. This insider now owns 13,111 shares in total.

Onto Innovation Inc. (ONTO) Latest Financial update

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $1.06 earnings per share (EPS), higher than consensus estimate (set at $1.01) by $0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.12 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 25.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to 7.15% growth over the previous five years of trading.

Onto Innovation Inc. (NYSE: ONTO) Trading Performance Indicators

Take a look at Onto Innovation Inc.’s (ONTO) current performance indicators. Last quarter, stock had a quick ratio of 6.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.83. Likewise, its price to free cash flow for the trailing twelve months is 67.36.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.45, a number that is poised to hit 1.08 in the next quarter and is forecasted to reach 5.92 in one year’s time.

Technical Analysis of Onto Innovation Inc. (ONTO)

Onto Innovation Inc. (NYSE: ONTO) saw its 5-day average volume 0.65 million, a positive change from its year-to-date volume of 0.44 million. As of the previous 9 days, the stock’s Stochastic %D was 68.84%. Additionally, its Average True Range was 7.13.

During the past 100 days, Onto Innovation Inc.’s (ONTO) raw stochastic average was set at 99.85%, which indicates a significant increase from 99.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.51% in the past 14 days, which was higher than the 44.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $151.80, while its 200-day Moving Average is $124.56. Nevertheless, the first resistance level for the watch stands at $186.16 in the near term. At $192.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $204.50. If the price goes on to break the first support level at $167.82, it is likely to go to the next support level at $155.63. The third support level lies at $149.48 if the price breaches the second support level.

Onto Innovation Inc. (NYSE: ONTO) Key Stats

The company with the Market Capitalisation of 8.83 billion has total of 49,081K Shares Outstanding. Its annual sales at the moment are 1,005 M in contrast with the sum of 223,330 K annual income. Company’s last quarter sales were recorded 207,190 K and last quarter income was 35,890 K.