Onto Innovation Inc. (ONTO) is gearing up for another turning point as it hit the volume of 0.69 million

On Monday, Onto Innovation Inc. (NYSE: ONTO) opened lower -3.63% from the last session, before settling in for the closing price of $215.37. Price fluctuations for ONTO have ranged from $108.98 to $238.93 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 28.80%. Company’s average yearly earnings per share was noted 39.95% at the time writing. With a float of $48.97 million, this company’s outstanding shares have now reached $49.09 million.

Considering the fact that the conglomerate employs 1497 people, you should pay attention to its efficiency factor.

Onto Innovation Inc. (ONTO) Insider Activity

A key investor’s attitude towards the stock of the Semiconductor Equipment & Materials industry is another important factor to consider. The insider ownership of Onto Innovation Inc. is 0.83%, while institutional ownership is 97.34%. The most recent insider transaction that took place on Sep 03 ’24, was worth 264,231. In this transaction SVP, Customer Success of this company sold 1,275 shares at a rate of $207.24, taking the stock ownership to the 16,050 shares. Before that another transaction happened on Sep 03 ’24, when Company’s Officer proposed sale 1,275 for $207.24, making the entire transaction worth $264,231.

Onto Innovation Inc. (ONTO) Earnings and Forecasts

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According to the Wall Street analysts, stocks earnings will be around 39.95% 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 7.12% growth over the previous five years of trading.

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

Check out the current performance indicators for Onto Innovation Inc. (ONTO). In the past quarter, the stock posted a quick ratio of 7.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.42. Likewise, its price to free cash flow for the trailing twelve months is 55.91.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.35, a number that is poised to hit 1.32 in the next quarter and is forecasted to reach 6.75 in one year’s time.

Technical Analysis of Onto Innovation Inc. (ONTO)

Compared to the last year’s volume of 0.55 million, its volume of 0.62 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.62%. Additionally, its Average True Range was 10.18.

During the past 100 days, Onto Innovation Inc.’s (ONTO) raw stochastic average was set at 66.55%, which indicates a significant increase from 56.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.67% in the past 14 days, which was higher than the 63.08% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $195.71, while its 200-day Moving Average is $190.36. Nevertheless, the first resistance level for the watch stands at $212.79 in the near term. At $218.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $222.30. If the price goes on to break the first support level at $203.29, it is likely to go to the next support level at $199.02. Should the price break the second support level, the third support level stands at $193.79.

Onto Innovation Inc. (NYSE: ONTO) Key Stats

There are currently 49,276K shares outstanding in the company with a market cap of 10.25 billion. Presently, the company’s annual sales total 815,870 K according to its annual income of 121,160 K. Last quarter, the company’s sales amounted to 242,330 K and its income totaled 52,950 K.