Let’s look at the key reasons that are pushing Onto Innovation Inc (ONTO) to new highs

Onto Innovation Inc (NYSE: ONTO) kicked off on Friday, down -3.26% from the previous trading day, before settling in for the closing price of $95.04. Over the past 52 weeks, ONTO has traded in a range of $85.88-$238.93.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 26.41%. While this was happening, its average annual earnings per share was recorded -2.91%. With a float of $48.47 million, this company’s outstanding shares have now reached $48.84 million.

Considering the fact that the conglomerate employs 1551 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 51.49%, operating margin of 20.37%, and the pretax margin is 23.53%.

Onto Innovation Inc (ONTO) Breakdown of a Key Holders of the stock

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 0.83%, while institutional ownership is 97.14%. The most recent insider transaction that took place on Feb 13 ’25, was worth 40,360. In this transaction SVP, Customer Success of this company sold 238 shares at a rate of $169.58, taking the stock ownership to the 15,472 shares. Before that another transaction happened on Feb 13 ’25, when Company’s Officer proposed sale 238 for $169.58, making the entire transaction worth $40,360.

Onto Innovation Inc (ONTO) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -2.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.27% during the next five years compared to 129.63% 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 6.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.38. Likewise, its price to free cash flow for the trailing twelve months is 18.17.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.41, a number that is poised to hit 1.27 in the next quarter and is forecasted to reach 5.90 in one year’s time.

Technical Analysis of Onto Innovation Inc (ONTO)

Compared to the last year’s volume of 1.26 million, its volume of 1.51 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 28.75%. Additionally, its Average True Range was 6.21.

During the past 100 days, Onto Innovation Inc’s (ONTO) raw stochastic average was set at 4.25%, which indicates a significant decrease from 15.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.61% in the past 14 days, which was lower than the 94.68% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $114.65, while its 200-day Moving Average is $166.54. Nevertheless, the first resistance level for the watch stands at $94.12 in the near term. At $96.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $98.51. If the price goes on to break the first support level at $89.73, it is likely to go to the next support level at $87.52. Now, if the price goes above the second support level, the third support stands at $85.34.

Onto Innovation Inc (NYSE: ONTO) Key Stats

The company with the Market Capitalisation of 4.49 billion has total of 48,837K Shares Outstanding. Its annual sales at the moment are 987,320 K in contrast with the sum of 201,670 K annual income. Company’s last quarter sales were recorded 266,610 K and last quarter income was 64,100 K.

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