Onto Innovation Stock Today

ONTO Stock  USD 178.58  4.86  2.80%   

Performance

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Odds Of Distress

Less than 1

 
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Onto Innovation is selling at 178.58 as of the 7th of November 2024; that is 2.80 percent increase since the beginning of the trading day. The stock's open price was 173.72. Onto Innovation has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Onto Innovation are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of October 2024 and ending today, the 7th of November 2024. Click here to learn more.
Business Domain
Semiconductors & Semiconductor Equipment
IPO Date
26th of February 1992
Category
Technology
Classification
Information Technology
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. The company has 49.39 M outstanding shares of which 1.27 M shares are now shorted by private and institutional investors with about 1.82 trading days to cover. More on Onto Innovation

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Onto Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOMichael Plisinski
Thematic IdeaMeasuring and Control Equipment (View all Themes)
Business ConcentrationSemiconductors & Semiconductor Equipment, Information Technology, NYSE Composite, SP Midcap 400, Measuring and Control Equipment, Information Technology, Semiconductors & Semiconductor Equipment, Semiconductor Equipment & Materials, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.120.11
Significantly Up
Slightly volatile
Asset Turnover0.650.64
Fairly Up
Pretty Stable
Gross Profit Margin0.390.48
Significantly Down
Slightly volatile
Total Current Liabilities155.1 M147.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total26 M25.5 M
Fairly Up
Very volatile
Total AssetsB1.9 B
Sufficiently Up
Slightly volatile
Total Current Assets1.3 B1.3 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities180.6 M172 M
Sufficiently Up
Slightly volatile
Debt Levels
Onto Innovation can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Onto Innovation's financial leverage. It provides some insight into what part of Onto Innovation's total assets is financed by creditors.
Liquidity
Onto Innovation currently holds 19.52 M in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Onto Innovation has a current ratio of 6.02, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Onto Innovation's use of debt, we should always consider it together with its cash and equity.

Other Cashflows From Financing Activities

4.71 Million
Onto Innovation (ONTO) is traded on New York Stock Exchange in USA. It is located in 16 Jonspin Road, Wilmington, MA, United States, 01887 and employs 1,497 people. Onto Innovation is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.82 B. Onto Innovation conducts business under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 49.39 M outstanding shares of which 1.27 M shares are now shorted by private and institutional investors with about 1.82 trading days to cover. Onto Innovation currently holds about 545 M in cash with 171.97 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 10.97.
Check Onto Innovation Probability Of Bankruptcy
Ownership Allocation
Onto Innovation owns a total of 49.39 Million outstanding shares. The majority of Onto Innovation outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Onto Innovation to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Onto Innovation. Please pay attention to any change in the institutional holdings of Onto Innovation as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Onto Ownership Details

Onto Stock Institutional Holders

InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2024-06-30
846.3 K
Geode Capital Management, Llc2024-06-30
820.9 K
Fisher Asset Management, Llc2024-06-30
768.4 K
T. Rowe Price Associates, Inc.2024-06-30
753 K
Wellington Management Company Llp2024-06-30
747 K
Artisan Partners Limited Partnership2024-06-30
720 K
Fmr Inc2024-06-30
685 K
Morgan Stanley - Brokerage Accounts2024-06-30
655 K
Northern Trust Corp2024-06-30
626.4 K
Vanguard Group Inc2024-06-30
M
Blackrock Inc2024-06-30
4.9 M
View Onto Innovation Diagnostics

Onto Innovation Historical Income Statement

At this time, Onto Innovation's Operating Income is very stable compared to the past year. As of the 7th of November 2024, EBIT is likely to grow to about 133 M, while Selling And Marketing Expenses is likely to drop about 33.6 M. View More Fundamentals

Onto Stock Against Markets

Onto Innovation Corporate Management

Edward BrownIndependent DirectorProfile
Jeffrey AukermanIndependent DirectorProfile
Rodney SmedtSenior Vice President General Manager - Metrology Business UnitProfile
Yoon OHVice President General CounselProfile
Christine TsingosIndependent DirectorProfile
May SuIndependent DirectorProfile
Steven CPAAdvisorProfile
When determining whether Onto Innovation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Onto Innovation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Onto Innovation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Onto Innovation Stock:
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Is Semiconductors & Semiconductor Equipment space 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 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
0.466
Earnings Share
3.8
Revenue Per Share
19.124
Quarterly Revenue Growth
0.217
Return On Assets
0.055
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto 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 if Onto Innovation is a good investment 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.