Onto Innovation Inc. (NYSE: ONTO) on Tuesday, soared 5.66% from the previous trading day, before settling in for the closing price of $202.24. Within the past 52 weeks, ONTO’s price has moved between $108.98 and $238.93.
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Annual sales at Technology sector company grew by 28.80% over the past five years. The company achieved an average annual earnings per share of 40.05%. With a float of $48.97 million, this company’s outstanding shares have now reached $49.09 million.
Let’s look at the performance matrix of the company that is accounted for 1497 employees. In terms of profitability, gross margin is 48.66%, operating margin of 19.06%, and the pretax margin is 20.14%.
Onto Innovation Inc. (ONTO) Insider Updates
Observing investor behavior towards Semiconductor Equipment & Materials industry stocks is more important than anything else. The insider ownership of Onto Innovation Inc. is 0.83%, while institutional ownership is 98.02%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 40.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.00% 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
Onto Innovation Inc. (ONTO) is currently performing well based on its current performance indicators. A quick ratio of 7.18 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.76. Likewise, its price to free cash flow for the trailing twelve months is 57.56.
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 6.74 in one year’s time.
Technical Analysis of Onto Innovation Inc. (ONTO)
Onto Innovation Inc. (NYSE: ONTO) saw its 5-day average volume 0.56 million, a positive change from its year-to-date volume of 0.56 million. As of the previous 9 days, the stock’s Stochastic %D was 43.69%. Additionally, its Average True Range was 8.84.
During the past 100 days, Onto Innovation Inc.’s (ONTO) raw stochastic average was set at 73.09%, which indicates a significant increase from 55.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.42% in the past 14 days, which was lower than the 63.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $203.50, while its 200-day Moving Average is $196.73. Nevertheless, the first resistance level for the watch stands at $218.75 in the near term. At $223.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $232.69. If the price goes on to break the first support level at $204.81, it is likely to go to the next support level at $195.94. Assuming the price breaks the second support level, the third support level stands at $190.87.
Onto Innovation Inc. (NYSE: ONTO) Key Stats
Market capitalization of the company is 10.55 billion based on 49,384K outstanding shares. Right now, sales total 815,870 K and income totals 121,160 K. The company made 242,330 K in profit during its latest quarter, and 52,950 K in sales during its previous quarter.
