While Onto Innovation Inc has overperformed by 4.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ONTO rose by 44.38%, with highs and lows ranging from $238.93 to $141.79, whereas the simple moving average jumped by 8.19% in the last 200 days.
On January 13, 2025, Cantor Fitzgerald started tracking Onto Innovation Inc (NYSE: ONTO) recommending Overweight. A report published by Oppenheimer on September 25, 2024, Initiated its previous ‘Outperform’ rating for ONTO. Jefferies Initiated an Buy rating on May 13, 2024, and assigned a price target of $265. B. Riley Securities resumed its ‘Buy’ rating for ONTO, as published in its report on May 10, 2024. Evercore ISI’s report from April 16, 2024 suggests a price prediction of $235 for ONTO shares, giving the stock a ‘Outperform’ rating. Needham also rated the stock as ‘Hold’.
Analysis of Onto Innovation Inc (ONTO)
Further, the quarter-over-quarter increase in sales is 21.73%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Onto Innovation Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 10.18% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.94, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ONTO is recording an average volume of 765.12K. On a monthly basis, the volatility of the stock is set at 3.71%, whereas on a weekly basis, it is put at 4.09%, with a gain of 10.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $253.33, showing growth from the present price of $213.02, which can serve as yet another indication of whether ONTO is worth investing in or should be passed over.
How Do You Analyze Onto Innovation Inc Shares?
A leading company in the Semiconductor Equipment & Materials sector, Onto Innovation Inc (ONTO) is based in the USA. When comparing Onto Innovation Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 57.75, there is a growth in quarterly earnings of 46.97%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.78% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ONTO shares are owned by institutional investors to the tune of 96.78% at present.
