Onto Innovation (ONTO) Set to Announce Earnings on Tuesday

Onto Innovation (NYSE:ONTOGet Rating) is set to release its earnings data after the market closes on Tuesday, August 9th. Analysts expect Onto Innovation to post earnings of $1.26 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Onto Innovation (NYSE:ONTOGet Rating) last announced its earnings results on Tuesday, May 3rd. The semiconductor company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.15. Onto Innovation had a net margin of 19.93% and a return on equity of 15.81%. The company had revenue of $241.35 million during the quarter, compared to analyst estimates of $232.00 million. During the same quarter last year, the firm posted $0.73 earnings per share. Onto Innovation’s revenue was up 42.6% compared to the same quarter last year. On average, analysts expect Onto Innovation to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Onto Innovation Stock Performance

NYSE ONTO opened at $82.15 on Tuesday. The firm has a 50 day simple moving average of $73.75 and a 200-day simple moving average of $78.91. Onto Innovation has a one year low of $59.95 and a one year high of $106.09. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 23.81 and a beta of 1.33.

Analyst Ratings Changes

Several research analysts have recently commented on ONTO shares. B. Riley lowered their price objective on shares of Onto Innovation from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. DA Davidson reissued a “buy” rating on shares of Onto Innovation in a research note on Wednesday, July 27th. Finally, Needham & Company LLC lowered their price objective on shares of Onto Innovation from $115.00 to $100.00 in a research note on Wednesday, May 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $110.00.

Institutional Trading of Onto Innovation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH raised its holdings in Onto Innovation by 1.0% during the first quarter. Allianz Asset Management GmbH now owns 44,775 shares of the semiconductor company’s stock worth $3,890,000 after purchasing an additional 439 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Onto Innovation by 11.6% in the 1st quarter. Guggenheim Capital LLC now owns 4,276 shares of the semiconductor company’s stock valued at $371,000 after acquiring an additional 445 shares during the period. Captrust Financial Advisors increased its holdings in shares of Onto Innovation by 14.9% in the 1st quarter. Captrust Financial Advisors now owns 4,284 shares of the semiconductor company’s stock valued at $372,000 after acquiring an additional 554 shares during the period. Sei Investments Co. increased its holdings in shares of Onto Innovation by 1.2% in the 1st quarter. Sei Investments Co. now owns 74,096 shares of the semiconductor company’s stock valued at $6,430,000 after acquiring an additional 902 shares during the period. Finally, Brinker Capital Investments LLC increased its holdings in shares of Onto Innovation by 14.8% in the 1st quarter. Brinker Capital Investments LLC now owns 7,648 shares of the semiconductor company’s stock valued at $665,000 after acquiring an additional 986 shares during the period. Institutional investors and hedge funds own 94.34% of the company’s stock.

About Onto Innovation

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Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites.

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Earnings History for Onto Innovation (NYSE:ONTO)

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