Onto Innovation Inc. (NYSE:ONTO – Get Free Report)’s share price hit a new 52-week low during trading on Saturday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock traded as low as $85.88 and last traded at $88.50, with a volume of 8576820 shares. The stock had previously closed at $126.81.
ONTO has been the topic of a number of other reports. Jefferies Financial Group dropped their target price on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Cantor Fitzgerald reiterated a “neutral” rating and set a $135.00 price objective (down previously from $250.00) on shares of Onto Innovation in a research report on Monday, May 5th. Benchmark reduced their price objective on Onto Innovation from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Friday. Oppenheimer cut their target price on Onto Innovation from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Needham & Company LLC decreased their price target on Onto Innovation from $230.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.25.
View Our Latest Stock Analysis on Onto Innovation
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Onto Innovation Price Performance
The firm has a market capitalization of $4.32 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55. The company has a fifty day moving average of $124.11 and a 200-day moving average of $160.08.
Onto Innovation (NYSE:ONTO – Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.04. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. The business had revenue of $267.00 million during the quarter, compared to analyst estimates of $267.03 million. During the same period in the previous year, the company earned $1.18 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. Equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.
Onto Innovation Company Profile
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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