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Onto Innovation NYSE:ONTO Stock Report

Last Price

US$167.25

Market Cap

US$8.3b

7D

0.1%

1Y

8.7%

Updated

22 Dec, 2024

Data

Company Financials +

Onto Innovation Inc.

NYSE:ONTO Stock Report

Market Cap: US$8.3b

ONTO Stock Overview

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

ONTO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 10.1% below our estimate of its fair value

Earnings are forecast to grow 30.23% per year

Earnings grew by 16.4% over the past year

Analysts in good agreement that stock price will rise by 52.5%

Risk Analysis

No risks detected for ONTO from our risk checks.

My Notes

Capture your thoughts, links and company narrative

Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 9 Analysts

Acquisitions And Tech Demand Will Expand Future Opportunities In Metrology Systems

Key Takeaways Strategic acquisitions and expanding demand in specific technologies are set to significantly boost Onto Innovation's revenue and earnings over the coming years. Focus on improved process yields and advanced metrology systems will sustain robust revenue levels amidst evolving customer needs.
View narrative
US$255.12
FV
34.4% undervalued intrinsic discount
15.44%
Revenue growth p.a.
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4users have followed this narrative
3 days ago author updated this narrative

Onto Innovation Inc. Competitors

Enphase Energy

NasdaqGM:ENPH

US$9.7b

Amkor Technology

NasdaqGS:AMKR

US$6.2b

Nova

NasdaqGS:NVMI

US$5.6b

Entegris

NasdaqGS:ENTG

US$15.0b

Price History & Performance

Summary of share price highs, lows and changes for Onto Innovation
Historical stock prices
Current Share PriceUS$167.25
52 Week HighUS$238.93
52 Week LowUS$134.11
Beta1.29
1 Month Change0.58%
3 Month Change-16.59%
1 Year Change8.67%
3 Year Change68.75%
5 Year Change360.62%
Change since IPO378.95%

Recent News & Updates

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)?

Recent updates

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

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

Is It Time To Consider Buying Onto Innovation Inc. (NYSE:ONTO)?

Jul 03
Is It Time To Consider Buying Onto Innovation Inc. (NYSE:ONTO)?

Onto Innovation (NYSE:ONTO) Will Want To Turn Around Its Return Trends

Jun 07
Onto Innovation (NYSE:ONTO) Will Want To Turn Around Its Return Trends

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

May 11
Why Investors Shouldn't Be Surprised By Onto Innovation Inc.'s (NYSE:ONTO) P/E

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

Apr 26

Should You Think About Buying Onto Innovation Inc. (NYSE:ONTO) Now?

Apr 01
Should You Think About Buying Onto Innovation Inc. (NYSE:ONTO) Now?

Calculating The Fair Value Of Onto Innovation Inc. (NYSE:ONTO)

Mar 14
Calculating The Fair Value Of Onto Innovation Inc. (NYSE:ONTO)

The Returns On Capital At Onto Innovation (NYSE:ONTO) Don't Inspire Confidence

Feb 25
The Returns On Capital At Onto Innovation (NYSE:ONTO) Don't Inspire Confidence

Onto Innovations: An Interesting But Demanding Story

Jan 28

Some Confidence Is Lacking In Onto Innovation Inc.'s (NYSE:ONTO) P/E

Dec 26
Some Confidence Is Lacking In Onto Innovation Inc.'s (NYSE:ONTO) P/E

Onto Innovation: A Weak Risk-To-Reward

Nov 08

Onto Innovation: Plummeting Metrology/Inspection Sales As KLA Continues To Dominate

Aug 23

Onto Innovation: The Breakout May Not Be Build On A Solid Foundation

Jun 29

Onto Innovation Non-GAAP EPS of $1.57 beats by $0.23, revenue of $253M in-line

Feb 09

Onto Innovation Needs A Catalyst For Direction

Jan 31

Shareholder Returns

ONTOUS SemiconductorUS Market
7D0.1%-1.8%-2.4%
1Y8.7%70.5%23.3%

Return vs Industry: ONTO underperformed the US Semiconductor industry which returned 70.5% over the past year.

Return vs Market: ONTO underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is ONTO's price volatile compared to industry and market?
ONTO volatility
ONTO Average Weekly Movement7.0%
Semiconductor Industry Average Movement7.5%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: ONTO has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ONTO's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19401,497Mike Plisinskiwww.ontoinnovation.com

Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers 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$8.26b
Earnings (TTM)US$183.16m
Revenue (TTM)US$942.24m

45.1x

P/E Ratio

8.8x

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$942.24m
Cost of RevenueUS$451.08m
Gross ProfitUS$491.16m
Other ExpensesUS$308.00m
EarningsUS$183.16m

Last Reported Earnings

Sep 28, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.71
Gross Margin52.13%
Net Profit Margin19.44%
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 Analysis2024/12/22 02:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/28
Annual Earnings2023/12/30

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 here.

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 .

Analyst Sources

Onto Innovation Inc. is covered by 22 analysts. 9 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