Onto Innovation Stock Shares Outstanding
| ONTO Stock | USD 161.04 1.86 1.14% |
Onto Innovation fundamentals help investors to digest information that contributes to Onto Innovation's financial success or failures. It also enables traders to predict the movement of Onto Stock. The fundamental analysis module provides a way to measure Onto Innovation's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Onto Innovation stock.
As of the 28th of November 2024, Common Stock Shares Outstanding is likely to drop to about 29 M. Onto | Shares Outstanding |
Onto Innovation Company Shares Outstanding Analysis
Onto Innovation's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Onto Innovation Shares Outstanding | 49.39 M |
Most of Onto Innovation's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Onto Innovation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Onto Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for Onto Innovation is extremely important. It helps to project a fair market value of Onto Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Onto Innovation's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Onto Innovation's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Onto Innovation's interrelated accounts and indicators.
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Onto Shares Outstanding Historical Pattern
Today, most investors in Onto Innovation Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Onto Innovation's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Onto Innovation shares outstanding as a starting point in their analysis.
Onto Innovation Shares Outstanding |
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Onto Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Onto Innovation has 49.39 M of shares currently outstending. This is 73.99% lower than that of the Semiconductors & Semiconductor Equipment sector and 57.97% lower than that of the Information Technology industry. The shares outstanding for all United States stocks is 91.36% higher than that of the company.
Onto Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Onto Innovation's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Onto Innovation could also be used in its relative valuation, which is a method of valuing Onto Innovation by comparing valuation metrics of similar companies.Onto Innovation is currently under evaluation in shares outstanding category among its peers.
Onto Innovation ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Onto Innovation's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Onto Innovation's managers, analysts, and investors.Environmental | Governance | Social |
Onto Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.055 | ||||
| Profit Margin | 0.19 % | ||||
| Operating Margin | 0.21 % | ||||
| Current Valuation | 7.11 B | ||||
| Shares Outstanding | 49.39 M | ||||
| Shares Owned By Insiders | 0.70 % | ||||
| Shares Owned By Institutions | 97.93 % | ||||
| Number Of Shares Shorted | 1.02 M | ||||
| Price To Earning | 34.45 X | ||||
| Price To Book | 4.23 X | ||||
| Price To Sales | 8.54 X | ||||
| Revenue | 815.87 M | ||||
| Gross Profit | 539.22 M | ||||
| EBITDA | 183.29 M | ||||
| Net Income | 121.16 M | ||||
| Cash And Equivalents | 545 M | ||||
| Cash Per Share | 10.97 X | ||||
| Total Debt | 19.52 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 6.14 X | ||||
| Book Value Per Share | 38.54 X | ||||
| Cash Flow From Operations | 171.97 M | ||||
| Short Ratio | 1.14 X | ||||
| Earnings Per Share | 3.66 X | ||||
| Price To Earnings To Growth | 0.81 X | ||||
| Target Price | 255.12 | ||||
| Number Of Employees | 1.5 K | ||||
| Beta | 1.37 | ||||
| Market Capitalization | 8.05 B | ||||
| Total Asset | 1.91 B | ||||
| Retained Earnings | 482.36 M | ||||
| Working Capital | 1.14 B | ||||
| Current Asset | 87.36 M | ||||
| Current Liabilities | 17.22 M | ||||
| Net Asset | 1.91 B |
About Onto Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Onto Innovation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Onto Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Onto Innovation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Onto Innovation
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Onto Innovation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Onto Innovation will appreciate offsetting losses from the drop in the long position's value.Moving together with Onto Stock
Moving against Onto Stock
| 0.7 | EBON | Ebang International | PairCorr |
| 0.65 | KSCP | Knightscope | PairCorr |
| 0.63 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.55 | NTGR | NETGEAR | PairCorr |
| 0.44 | CSCO | Cisco Systems Aggressive Push | PairCorr |
The ability to find closely correlated positions to Onto Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onto Innovation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Onto Innovation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Onto Innovation to buy it.
The correlation of Onto Innovation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Onto Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onto Innovation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Onto Innovation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Onto Innovation Piotroski F Score and Onto Innovation Altman Z Score analysis. To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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 3.66 | 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.