Onto Innovation (NYSE:ONTO – Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Onto Innovation to post earnings of $1.31 per share for the quarter. Onto Innovation has set its Q3 guidance at $1.25-1.35 EPS and its Q3 2024 guidance at 1.250-1.350 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Onto Innovation (NYSE:ONTO – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.12. The business had revenue of $242.33 million during the quarter, compared to analyst estimates of $235.43 million. Onto Innovation had a return on equity of 12.71% and a net margin of 18.50%. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS. 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 Price Performance
NYSE:ONTO opened at $201.28 on Thursday. Onto Innovation has a 1 year low of $108.98 and a 1 year high of $238.93. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 71.63, a PEG ratio of 1.36 and a beta of 1.36. The business has a 50 day simple moving average of $204.03 and a 200-day simple moving average of $206.02.
Analysts Set New Price Targets
Check Out Our Latest Report on ONTO
Insider Activity at Onto Innovation
In other Onto Innovation news, SVP Srinivas Vedula sold 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $207.24, for a total transaction of $264,231.00. Following the completion of the sale, the senior vice president now directly owns 16,050 shares in the company, valued at approximately $3,326,202. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.
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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