Onto Innovation (NYSE:ONTO – Get Free Report) announced its quarterly earnings results on Thursday. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.12, Briefing.com reports. The company had revenue of $242.33 million for the quarter, compared to the consensus estimate of $235.43 million. Onto Innovation had a net margin of 16.43% and a return on equity of 11.48%. The company’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Onto Innovation updated its Q3 guidance to $1.25-1.35 EPS and its Q3 2024 guidance to 1.250-1.350 EPS.
Onto Innovation Trading Down 0.3 %
Shares of ONTO traded down $0.61 during mid-day trading on Monday, reaching $192.33. The company had a trading volume of 722,440 shares, compared to its average volume of 553,294. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 68.66 and a beta of 1.39. The firm has a fifty day simple moving average of $210.15 and a 200-day simple moving average of $196.40. Onto Innovation has a fifty-two week low of $107.71 and a fifty-two week high of $238.93.
Insider Buying and Selling
In related news, SVP Srinivas Vedula sold 1,486 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $213.40, for a total value of $317,112.40. Following the transaction, the senior vice president now owns 17,433 shares in the company, valued at $3,720,202.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Srinivas Vedula sold 1,486 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $213.40, for a total value of $317,112.40. Following the completion of the sale, the senior vice president now owns 17,433 shares of the company’s stock, valued at $3,720,202.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Slicer sold 519 shares of Onto Innovation stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $221.21, for a total transaction of $114,807.99. Following the sale, the chief financial officer now directly owns 12,552 shares in the company, valued at approximately $2,776,627.92. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest 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.
Read More
- Five stocks we like better than Onto Innovation
- What is the Nikkei 225 index?
- How to Invest in Silver: A Beginner’s Guide
- How to Calculate Stock Profit
- Monday.com’s Stock Results Will Brighten Any Investor’s Week
- How to Use High Beta Stocks to Maximize Your Investing Profits
- 3 Must-Watch Stocks After a Bullish Goldman Sachs Recommendation
Receive News & Ratings for Onto Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onto Innovation and related companies with MarketBeat.com's FREE daily email newsletter.