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Onto Innovation Inc.

NYSE:ONTO Stock Report

Market Cap: US$5.0b

Onto Innovation (ONTO) Stock Overview

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide. More details

ONTO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 36.1% below our estimate of its fair value

Earnings are forecast to grow 13.95% per year

Earnings grew by 57.8% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Volatile share price over the past 3 months compared to the US market


ONTO Community Fair Values

Create Narrative

See what 54 others think this stock is worth. Follow their fair value or set your own to get alerts.

ONTO logo
Onto Innovation
AN
AnalystConsensusTarget
Consensus Narrative from 9 Analysts

AI Packaging Demand And New Metrology Tools Will Drive Future Semiconductor Advancements

Key Takeaways Strong growth in AI packaging and panel markets, along with new product launches, is expected to significantly boost revenue streams in the coming years. Increased adoption of metrology tools in advanced packaging processes indicates potential for sustained revenue growth as these tools become more integrated in industry practices.
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US$200.06
FV
49.1% undervalued intrinsic discount
9.30%
Revenue growth p.a.
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0users have commented on this narrative
23users have followed this narrative
2 days ago author updated this narrative
ONTO logo
Onto Innovation
AN
AnalystHighTarget
Consensus Narrative from 9 Analysts

Secular Trends In AI And Cloud Will Expand Inspection Solutions

Key Takeaways Robust demand for advanced semiconductors and AI is rapidly expanding Onto's market for inspection and metrology, driving sustained revenue and margin growth. Innovation in AI analytics and advanced packaging is strengthening Onto’s competitive position, enabling higher-margin product adoption and long-term recurring revenue streams.
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US$250.00
FV
59.3% undervalued intrinsic discount
10.24%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
9 days ago author updated this narrative
ONTO logo
Onto Innovation
AN
AnalystLowTarget
Consensus Narrative from 9 Analysts

Advanced Packaging And AI Products Will Expand Opportunities

Key Takeaways Growth in advanced packaging and AI markets, alongside new product introductions, expected to positively impact revenue and future earnings. Increased R&D investment to maintain competitiveness may raise expenses short-term, but positions for long-term profitability and margin improvement.
View narrative
US$135.00
FV
24.6% undervalued intrinsic discount
8.43%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
16 days ago author updated this narrative
View Onto Innovation Community

Onto Innovation Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Onto Innovation
Historical stock prices
Current Share PriceUS$101.76
52 Week HighUS$238.93
52 Week LowUS$85.88
Beta1.45
1 Month Change1.82%
3 Month Change-15.48%
1 Year Change-55.62%
3 Year Change43.59%
5 Year Change193.68%
Change since IPO191.41%

Recent News & Updates

Onto Innovation: Putting Cash Productively To Work

Jun 30

Earnings Beat: Onto Innovation Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

May 10
Earnings Beat: Onto Innovation Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Recent updates

Onto Innovation: Putting Cash Productively To Work

Jun 30

Earnings Beat: Onto Innovation Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

May 10
Earnings Beat: Onto Innovation Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

The Price Is Right For Onto Innovation Inc. (NYSE:ONTO)

May 04
The Price Is Right For Onto Innovation Inc. (NYSE:ONTO)

The Return Trends At Onto Innovation (NYSE:ONTO) Look Promising

Apr 06
The Return Trends At Onto Innovation (NYSE:ONTO) Look Promising

Onto Innovation: Explosive Growth, But No Bargain

Mar 13

When Should You Buy Onto Innovation Inc. (NYSE:ONTO)?

Feb 23
When Should You Buy Onto Innovation Inc. (NYSE:ONTO)?

Onto Innovation Inc.'s (NYSE:ONTO) Intrinsic Value Is Potentially 31% Above Its Share Price

Feb 02
Onto Innovation Inc.'s (NYSE:ONTO) Intrinsic Value Is Potentially 31% Above Its Share Price

Earnings Tell The Story For Onto Innovation Inc. (NYSE:ONTO) As Its Stock Soars 27%

Jan 18
Earnings Tell The Story For Onto Innovation Inc. (NYSE:ONTO) As Its Stock Soars 27%

The Return Trends At Onto Innovation (NYSE:ONTO) Look Promising

Jan 02
The Return Trends At Onto Innovation (NYSE:ONTO) Look Promising

Onto Innovation: Strong Demand From Advanced Packaging Customers

Dec 31

What You Can Learn From Onto Innovation Inc.'s (NYSE:ONTO) P/E After Its 27% Share Price Crash

Nov 14
What You Can Learn From Onto Innovation Inc.'s (NYSE:ONTO) P/E After Its 27% Share Price Crash

Onto Innovation Inc. (NYSE:ONTO) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Nov 04
Onto Innovation Inc. (NYSE:ONTO) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Onto Innovation: A Much Anticipated Setback Arrived

Nov 03

Is Now An Opportune Moment To Examine Onto Innovation Inc. (NYSE:ONTO)?

Nov 02
Is Now An Opportune Moment To Examine Onto Innovation Inc. (NYSE:ONTO)?

Onto Innovation Surges With AI Tailwinds, Yet Steep Valuation Suggest Overreach

Oct 24

Onto Innovation (NYSE:ONTO) Hasn't Managed To Accelerate Its Returns

Sep 26
Onto Innovation (NYSE:ONTO) Hasn't Managed To Accelerate Its Returns

Why Investors Shouldn't Be Surprised By Onto Innovation Inc.'s (NYSE:ONTO) P/E

Sep 04
Why Investors Shouldn't Be Surprised By Onto Innovation Inc.'s (NYSE:ONTO) P/E

Onto Innovation: Accelerating Growth Amid AI Tailwinds

Aug 23
author-image

Innovations And Critical Investments Propel Growth In AI Packaging And Semiconductor Sectors

Increased demand for AI device packaging drives revenue growth, with significant contributions from advanced packaging markets.

Onto Innovation Inc. (NYSE:ONTO) Shares Could Be 20% Below Their Intrinsic Value Estimate

Jul 25
Onto Innovation Inc. (NYSE:ONTO) Shares Could Be 20% Below Their Intrinsic Value Estimate

Onto Innovation: Rosy Prospects Are Aggressively Priced In

Jul 08

Onto Innovation: The Rally Has Started To Wobble Even Though It Remains Intact

Apr 26

Onto Innovations: An Interesting But Demanding Story

Jan 28

Onto Innovation: A Weak Risk-To-Reward

Nov 08

Shareholder Returns

ONTOUS SemiconductorUS Market
7D-2.2%1.9%-0.1%
1Y-55.6%18.1%13.0%

Return vs Industry: ONTO underperformed the US Semiconductor industry which returned 18.1% over the past year.

Return vs Market: ONTO underperformed the US Market which returned 13% over the past year.

Price Volatility

Is ONTO's price volatile compared to industry and market?
ONTO volatility
ONTO Average Weekly Movement10.9%
Semiconductor Industry Average Movement7.5%
Market Average Movement6.4%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: ONTO's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: ONTO's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19401,551Mike Plisinskiwww.ontoinnovation.com

Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide. The company offers lithography systems and process control analytical software. It also provides process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.

Onto Innovation Inc. Fundamentals Summary

How do Onto Innovation's earnings and revenue compare to its market cap?
ONTO fundamental statistics
Market capUS$5.03b
Earnings (TTM)US$218.91m
Revenue (TTM)US$1.03b
22.7x
P/E Ratio
4.9x
P/S Ratio

Is ONTO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ONTO income statement (TTM)
RevenueUS$1.03b
Cost of RevenueUS$481.98m
Gross ProfitUS$543.10m
Other ExpensesUS$324.19m
EarningsUS$218.91m

Last Reported Earnings

Mar 29, 2025

Next Earnings Date

n/a

Earnings per share (EPS)4.47
Gross Margin52.98%
Net Profit Margin21.36%
Debt/Equity Ratio0%

How did ONTO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/11 21:47
End of Day Share Price 2025/07/11 00:00
Earnings2025/03/29
Annual Earnings2024/12/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Onto Innovation Inc. is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Ted MoreauBarrington Research Associates, Inc.
Mark MillerBenchmark Company