Onto Innovation Stock Analysis

ONTO Stock  USD 78.15  0.49  0.62%   
The latest rise in Onto Innovation short term price appreciation may encourage institutional investors to take a closer look at the company as it is trading at a share price of 78.15 on 152,424 in trading volume. The company executives have successfully maneuvered the company at convenient times to take advantage of all market conditions in December. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.94. The current volatility is consistent with the ongoing market swings in December 2022 as well as with Onto Innovation unsystematic, company-specific events.
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The Onto Innovation stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Onto Innovation is usually not traded on Labour Day, Thanksgiving Day, Christmas Day, Christmas Day ( substitute day ), New Year 's Monday, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day. Onto Innovation Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Onto Innovation's ongoing operational relationships across important fundamental and technical indicators.

Onto Innovation Stock Analysis Notes

About 97.0% of the company shares are owned by institutional investors. The book value of Onto Innovation was now reported as 31.7. The company has Price/Earnings To Growth (PEG) ratio of 1.05. Onto Innovation had not issued any dividends in recent years. The entity had 0:1 split on the 28th of October 2019. Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D3D optical metrology, lithography systems, and process control analytical software worldwide. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts. Onto Innovation operates under Semiconductor Equipment Materials classification in the United States and is traded on New York Stock Exchange. It employs 1411 people. To find out more about Onto Innovation contact Michael Plisinski at 978 253 6200 or learn more at https://www.ontoinnovation.com.

Onto Innovation Upcoming and Recent Events

Earnings reports are used by Onto Innovation to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Onto Innovation previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report3rd of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Onto Innovation Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Onto Innovation is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Onto Innovation backward and forwards among themselves. Onto Innovation's institutional investor refers to the entity that pools money to purchase Onto Innovation's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.5 K415 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares12.3 K857 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.5 K563 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.5 K660 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.9 K356 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.9 K360 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.8 K317 K
Note, although Onto Innovation's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Onto Innovation Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.89 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Onto Innovation's market, we take the total number of its shares issued and multiply it by Onto Innovation's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Onto Innovation Profitablity

Onto Innovation's profitability indicators refer to fundamental financial ratios that showcase Onto Innovation's ability to generate income relative to its revenue or operating costs. If, let's say, Onto Innovation is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Onto Innovation's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Onto Innovation's profitability requires more research than a typical breakdown of Onto Innovation's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.21 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.24 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.0.
Last ReportedProjected for 2023
Return on Investment(0.64) (0.66) 
Return on Average Assets 0.21  0.22 
Return on Average Equity 0.24  0.25 
Return on Invested Capital(0.0023) (0.002361) 
Return on Sales(0.0023) (0.002361) 

Management Efficiency

The entity has return on total asset (ROA) of 0.0848 % which means that it generated profit of $0.0848 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 0.1385 %, meaning that it created $0.1385 on every $100 dollars invested by stockholders. Onto Innovation management efficiency ratios could be used to measure how well onto innovation manages its routine affairs as well as how well it operates its assets and liabilities. Onto Innovation Return on Average Assets are quite stable at the moment as compared to the past year. The company's current value of Return on Average Assets is estimated at 0.22. Return on Average Equity is expected to rise to 0.25 this year, although the value of Return on Investment will most likely fall to (0.66) . Total Assets is expected to rise to about 1.6 B this year. Current Assets is expected to rise to about 692.3 M this year
Last ReportedProjected for 2023
Book Value per Share 48.90  52.76 
Enterprise Value over EBIT-2.7 K-2.8 K
Enterprise Value over EBITDA 130.05  140.32 
Price to Book Value 1.66  2.03 
Tangible Assets Book Value per Share 29.77  32.12 
Enterprise Value2.1 B2.2 B
Tangible Asset Value884.9 M954.8 M
Non Current Liabilities Total
69.2 M
Short Long Term Debt Total
17.7 M
Interest Expense
1.2 M
Total Operating Expenses
272.7 M
Beta
1.3119

Technical Drivers

As of the 27th of January, Onto Innovation holds the Semi Deviation of 2.03, coefficient of variation of 725.1, and Risk Adjusted Performance of 0.16. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Onto Innovation, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Onto Innovation, which can be compared to its competitors. Please check Onto Innovation information ratio and downside variance to decide if Onto Innovation is priced some-what accurately, providing market reflects its current price of 78.15 per share. Given that Onto Innovation has jensen alpha of (0.006194), we recommend you to check out Onto Innovation's recent market performance to make sure the company can sustain itself at a future point.

Onto Innovation Price Movement Analysis

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The output start index for this execution was fourty-eight with a total number of output elements of thirteen. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Onto Innovation middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Onto Innovation. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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Onto Innovation Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Onto Innovation insiders, such as employees or executives, is commonly permitted as long as it does not rely on Onto Innovation's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Onto Innovation insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Onto Innovation Predictive Daily Indicators

Onto Innovation intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Onto Innovation stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Onto Innovation Forecast Models

Onto Innovation time-series forecasting models is one of many Onto Innovation's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Onto Innovation's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Onto Innovation Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Onto Innovation prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Onto Innovation shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Onto Innovation. By using and applying Onto Innovation Stock analysis, traders can create a robust methodology for identifying Onto Innovation entry and exit points for their positions.
Last ReportedProjected for 2023
Operating Margin(1.65) (1.69) 
EBITDA Margin 3.97  4.07 
Gross Margin 44.14  44.30 
Profit Margin 0.62  0.64 

Current Onto Innovation Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Onto Innovation analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Onto Innovation analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
108.75Buy4Odds
Onto Innovation current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Onto Innovation analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Onto Innovation stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Onto Innovation, talking to its executives and customers, or listening to Onto Innovation conference calls.
Onto Innovation Analyst Advice Details

Onto Innovation Stock Analysis Indicators

Onto Innovation stock analysis indicators help investors evaluate how Onto Innovation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Onto Innovation shares will generate the highest return on investment. By understating and applying Onto Innovation stock analysis, traders can identify Onto Innovation position entry and exit signals to maximize returns.
Begin Period Cash Flow136.7 M
Common Stock Shares Outstanding49.7 M
Total Stockholder Equity1.4 B
Total Cashflows From Investing Activities-141.8 M
Tax Provision13.3 M
Quarterly Earnings Growth Y O Y0.438
Property Plant And Equipment Net99.6 M
Retained Earnings168.5 M
Cash And Short Term Investments511.3 M
Retained Earnings Total Equity168.5 M
Cash169.6 M
Accounts Payable53.3 M
Net Debt-151.9 M
50 Day M A75.6142
Total Current Liabilities154.5 M
Other Operating Expenses632.5 M
Non Current Assets Total701.7 M
Forward Price Earnings14.881
Common Stock Total Equity49 K
Non Currrent Assets Other4.2 M
Please check Your Equity Center. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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Is Onto Innovation's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Onto Innovation. If investors know Onto Innovation will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Onto Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.438
Market Capitalization
3.9 B
Quarterly Revenue Growth
0.268
Return On Assets
0.0848
Return On Equity
0.1385
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto Innovation that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine Onto Innovation value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.