Onto Innovation Inc. (NYSE:ONTO – Get Free Report) CEO Michael P. Plisinski sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $211.24, for a total value of $6,337,200.00. Following the completion of the sale, the chief executive officer now owns 185,492 shares of the company’s stock, valued at approximately $39,183,330.08. This represents a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Onto Innovation Price Performance
NYSE:ONTO opened at $219.90 on Wednesday. The firm has a market cap of $10.86 billion, a PE ratio of 59.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. The company has a 50-day moving average of $174.89 and a 200 day moving average of $191.64. Onto Innovation Inc. has a 1-year low of $145.15 and a 1-year high of $238.93.
Onto Innovation (NYSE:ONTO – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.03. The firm had revenue of $252.20 million during the quarter, compared to analysts’ expectations of $250.85 million. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. Sell-side analysts anticipate that Onto Innovation Inc. will post 5.22 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
ONTO has been the subject of several analyst reports. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, November 1st. Jefferies Financial Group dropped their target price on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Oppenheimer reissued an “outperform” rating and set a $275.00 price target on shares of Onto Innovation in a research note on Tuesday, December 17th. Cantor Fitzgerald began coverage on Onto Innovation in a research report on Monday, January 13th. They issued an “overweight” rating and a $250.00 price objective on the stock. Finally, Needham & Company LLC decreased their target price on Onto Innovation from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Onto Innovation has a consensus rating of “Moderate Buy” and an average target price of $253.75.
Read Our Latest Stock Analysis on Onto Innovation
About Onto Innovation
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.
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