Is Onto Innovation Stock a Good Investment?
Onto Innovation Investment Advice | ONTO |
- Examine Onto Innovation's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Onto Innovation's leadership team and their track record. Good management can help Onto Innovation navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Semiconductors & Semiconductor Equipment space and any emerging trends that could impact Onto Innovation's business and its evolving consumer preferences.
- Compare Onto Innovation's performance and market position to its competitors. Analyze how Onto Innovation is positioned in terms of product offerings, innovation, and market share.
- Check if Onto Innovation pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Onto Innovation's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Onto Innovation stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Onto Innovation is a good investment.
Sell | Buy |
Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Onto Innovation Stock
Researching Onto Innovation's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 98.0% of the company shares are owned by institutional investors. The book value of Onto Innovation was now reported as 38.54. The company has Price/Earnings To Growth (PEG) ratio of 0.8. Onto Innovation had not issued any dividends in recent years. The entity had 0.80667:1 split on the 28th of October 2019.
To determine if Onto Innovation is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Onto Innovation's research are outlined below:
| Onto Innovation generated a negative expected return over the last 90 days | |
| Onto Innovation has high historical volatility and very poor performance | |
| Onto Innovation is unlikely to experience financial distress in the next 2 years | |
| Onto Innovation has a strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Onto Innovation Inc Stock Price Up 3.53 percent on Nov 29 |
Onto Innovation Quarterly Good Will |
|
Onto Innovation uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Onto Innovation. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Onto Innovation's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Onto Innovation's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Onto Innovation's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2014-04-29 | 2014-03-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2015-10-29 | 2015-09-30 | 0.03 | 0.05 | 0.02 | 66 | ||
2013-10-29 | 2013-09-30 | -0.08 | -0.06 | 0.02 | 25 | ||
2013-02-04 | 2012-12-31 | -0.15 | -0.13 | 0.02 | 13 | ||
2002-10-24 | 2002-09-30 | -0.13 | -0.15 | -0.02 | 15 | ||
2001-10-19 | 2001-09-30 | -0.02 | -0.04 | -0.02 | 100 | ||
1999-10-21 | 1999-09-30 | 0.08 | 0.1 | 0.02 | 25 | ||
1999-07-22 | 1999-06-30 | 0.01 | 0.03 | 0.02 | 200 |
Know Onto Innovation's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Onto Innovation is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Onto Innovation backward and forwards among themselves. Onto Innovation's institutional investor refers to the entity that pools money to purchase Onto Innovation's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Fmr Inc | 2024-09-30 | 825.7 K | T. Rowe Price Associates, Inc. | 2024-06-30 | 753 K | Wellington Management Company Llp | 2024-06-30 | 747 K | Fisher Asset Management, Llc | 2024-09-30 | 711.3 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 655 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 648.1 K | Macquarie Group Ltd | 2024-06-30 | 622.7 K | T. Rowe Price Investment Management,inc. | 2024-09-30 | 592.1 K | Alliancebernstein L.p. | 2024-06-30 | 558.9 K | Vanguard Group Inc | 2024-09-30 | 5.1 M | Blackrock Inc | 2024-06-30 | 4.9 M |
Onto Innovation's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.11 B.Market Cap |
|
Onto Innovation's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.16 | 0.17 | |
| Return On Capital Employed | 0.13 | 0.14 | |
| Return On Assets | 0.11 | 0.12 | |
| Return On Equity | 0.16 | 0.17 |
Determining Onto Innovation's profitability involves analyzing its financial statements and using various financial metrics to determine if Onto Innovation is a good buy. For example, gross profit margin measures Onto Innovation's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Onto Innovation's profitability and make more informed investment decisions.
Onto Innovation's Earnings Breakdown by Geography
Evaluate Onto Innovation's management efficiency
Onto Innovation has return on total asset (ROA) of 0.055 % which means that it generated a profit of $0.055 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1018 %, meaning that it created $0.1018 on every $100 dollars invested by stockholders. Onto Innovation's management efficiency ratios could be used to measure how well Onto Innovation manages its routine affairs as well as how well it operates its assets and liabilities. As of the 30th of November 2024, Return On Tangible Assets is likely to grow to 0.17. Also, Return On Capital Employed is likely to grow to 0.14. At this time, Onto Innovation's Fixed Asset Turnover is very stable compared to the past year. As of the 30th of November 2024, Return On Assets is likely to grow to 0.12, while Non Currrent Assets Other are likely to drop about 2.3 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 29.07 | 30.52 | |
| Tangible Book Value Per Share | 19.27 | 20.24 | |
| Enterprise Value Over EBITDA | 9.59 | 15.82 | |
| Price Book Value Ratio | 1.90 | 1.49 | |
| Enterprise Value Multiple | 9.59 | 15.82 | |
| Price Fair Value | 1.90 | 1.49 | |
| Enterprise Value | 379.4 M | 398.3 M |
Understanding the operational decisions made by Onto Innovation management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta 1.37 |
Basic technical analysis of Onto Stock
As of the 30th of November, Onto Innovation holds the Variance of 13.65, coefficient of variation of (1,318), and Risk Adjusted Performance of (0.05). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Onto Innovation, as well as the relationship between them.Onto Innovation's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Onto Innovation insiders, such as employees or executives, is commonly permitted as long as it does not rely on Onto Innovation's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Onto Innovation insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Onto Innovation's Outstanding Corporate Bonds
Onto Innovation issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Onto Innovation uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Onto bonds can be classified according to their maturity, which is the date when Onto Innovation has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand Onto Innovation's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Onto Innovation's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.13) | |||
| Mean Deviation | 2.51 | |||
| Coefficient Of Variation | (1,318) | |||
| Standard Deviation | 3.69 | |||
| Variance | 13.65 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (0.14) | |||
| Maximum Drawdown | 20.62 | |||
| Value At Risk | (5.73) | |||
| Potential Upside | 5.66 | |||
| Skewness | (0.61) | |||
| Kurtosis | 2.63 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.13) | |||
| Mean Deviation | 2.51 | |||
| Coefficient Of Variation | (1,318) | |||
| Standard Deviation | 3.69 | |||
| Variance | 13.65 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (0.14) | |||
| Maximum Drawdown | 20.62 | |||
| Value At Risk | (5.73) | |||
| Potential Upside | 5.66 | |||
| Skewness | (0.61) | |||
| Kurtosis | 2.63 |
Consider Onto Innovation's intraday indicators
Onto Innovation intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Onto Innovation stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Onto Innovation Corporate Filings
F4 | 18th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 31st of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 30th of May 2024 Other Reports | ViewVerify | |
| 5th of April 2024 Other Reports | ViewVerify |
Onto Stock media impact
Far too much social signal, news, headlines, and media speculation about Onto Innovation that are available to investors today. That information is available publicly through Onto media outlets and privately through word of mouth or via Onto internal channels. However, regardless of the origin, that massive amount of Onto data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Onto Innovation news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Onto Innovation relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Onto Innovation's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Onto Innovation alpha.
Onto Innovation Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Onto Innovation can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Onto Innovation Historical Investor Sentiment
Investor biases related to Onto Innovation's public news can be used to forecast risks associated with an investment in Onto. The trend in average sentiment can be used to explain how an investor holding Onto can time the market purely based on public headlines and social activities around Onto Innovation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Onto Innovation's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Onto Innovation and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Onto Innovation news discussions. The higher the estimate score, the more favorable the investor's outlook on Onto Innovation.
Onto Innovation Corporate Management
| Edward Brown | Independent Director | Profile | |
| Jeffrey Aukerman | Independent Director | Profile | |
| Rodney Smedt | Senior Vice President General Manager - Metrology Business Unit | Profile | |
| Yoon OH | Vice President General Counsel | Profile | |
| Christine Tsingos | Independent Director | Profile | |
| May Su | Independent Director | Profile | |
| Steven CPA | Advisor | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onto Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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 3.69 | 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.
In summary, please note that there is a difference between Onto Innovation's value and its price, as these two are different measures arrived at by various 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.