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Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Wondering how to pick strong, market-beating stocks for your investment portfolio? Represents the company’s profit divided by the outstanding shares of its common stock. The technique has proven to be very useful for finding positive surprises.
Onto Innovation doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Upgrade to MarketBeat All Access to add more stocks to your watchlist. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Only 0.81% of the stock of Onto Innovation is held by insiders.
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This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. These returns cover a period from January 1, 1988 through April 3, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an “uptick” in price and the value of trades made on a “downtick” in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Our calculations are based on comprehensive, delayed quotes. ONTO – interesting prospect, promising growth in sustainable revOnto Innovation reported solid third-quarter 2020 results, with the top and bottom line increasing on a year-over-year basis. Despite COVID-19 uncertainties, strong momentum in 5G and advanced packaging markets with breakthrough offerings on the back of dynamic fundamentals drove the performance.
According to 5 analysts, the average rating for ONTO stock is “Strong Buy.” The 12-month stock price forecast is $96.8, which is an increase of 19.54% from the latest price. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
4 people have added Onto Innovation to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Only 2 people have searched for ONTO on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days. Onto Innovation does not have a long track record of dividend growth.
Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Verify your identity, personalize the content you receive, or create and administer your account. We’d like to share more about how we work and what drives our day-to-day business.
Get MarketBeat All Access Free for 30 DaysJoin thousands of other investors who make better investing decisions with our premium tools. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. Onto Innovation has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. According to analysts’ consensus price target of $96.80, Onto Innovation has a forecasted upside of 19.5% from its current price of $80.98. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report.
Key Stock Data
Value investors frequently look for companies that have low price/book ratios. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
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Onto Innovation Is a Sleeper Stock That Can Rally 85%: Portfolio Manager
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Onto Innovation updated its first quarter 2023 earnings guidance on Thursday, February, 9th. The company provided earnings per share guidance of $0.80-$0.95 for the period, compared to the consensus estimate of $1.07. The company issued revenue guidance of $199.94 million-$200.06 million, compared to the consensus revenue estimate of $221.06 million. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.
Short Interest
These are established companies that reliably pay dividends. Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Asia, and Europe, with China and South Korea the largest sources of total revenue.
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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Our Quantitative Research team models direct competitors or comparable companies from a bottom-up perspective to find companies describing their business in a similar fashion. Take your analysis to the next level with our full suite of features, known and used by millions throughout the trading world. Onto Innovation possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
Latest ONTO News
Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. / Sales ,29x Nbr of Employees Free-Float 98,4% More FinancialsCompanyOnto Innovation Inc. is engaged in the design, development, manufacture and support of metrology and inspection tools for the semiconductor industry. The semiconductor industry includes process control tools that perform optical metrology on patterned and unpatterned wafers, wafer macro-defect inspection, including macro-inspection of both 2D and 3D wafer features, wafer substrate and panel substrate lithography…
- Despite COVID-19 uncertainties, strong momentum in 5G and advanced packaging markets with breakthrough offerings on the back of dynamic fundamentals drove the performance.
- Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
- The company mainly operates in the United States, Asia, and Europe, with China and South Korea the largest sources of total revenue.
- Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
Is It Time to Sell ONTO? Shares are up today.
MarketBeat has tracked 6 news articles for Onto Innovation this week, compared to 3 articles on an average week. In a year when most stocks have fallen sharply, Forbes’ list of America’s Best Mid-Sized Companies is chock full with stalwart value stocks, some with memorable brand names and inelastic demand. #1-Ranked Industry Analyst Patrick Moorhead shares his conversation with Muhi S. Majzoub, executive vice president and chief product officer at OpenText. Corporations can more effectively address the challenges and seize the opportunities that arise in a progressively competitive landscape. All values as of most recently reported quarter unless otherwise noted. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
Onto Innovation has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. Onto’s fourth-quarter performance benefits from higher demand across advanced nodes and Inspection market. The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 5 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Onto Innovation in the last twelve months. The consensus among Wall Street research analysts is that investors should “buy” ONTO shares. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
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In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
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