Onto Innovation Stock Buy Hold or Sell Recommendation

ONTO Stock  USD 161.04  1.86  1.14%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Onto Innovation is 'Sell'. The recommendation algorithm takes into account all of Onto Innovation's available fundamental, technical, and predictive indicators you will find on this site.
  
Check out Onto Innovation Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.
In addition, we conduct extensive research on individual companies such as Onto and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Onto Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Execute Onto Innovation Buy or Sell Advice

The Onto recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Onto Innovation. Macroaxis does not own or have any residual interests in Onto Innovation or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Onto Innovation's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Onto InnovationBuy Onto Innovation
Sell

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

Strong BuyDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Onto Innovation has a Mean Deviation of 2.51, Standard Deviation of 3.69 and Variance of 13.6
Macroaxis provides advice on Onto Innovation to complement and cross-verify current analyst consensus on Onto Innovation. Our recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Onto Innovation is not overpriced, please check all Onto Innovation fundamentals, including its current ratio, and the relationship between the ebitda and target price . Given that Onto Innovation has a price to earning of 34.45 X, we recommend you to check out Onto Innovation market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Onto Innovation Trading Alerts and Improvement Suggestions

Onto Innovation generated a negative expected return over the last 90 days
Onto Innovation has high historical volatility and very poor performance
Onto Innovation is unlikely to experience financial distress in the next 2 years
Over 98.0% of the company shares are owned by institutional investors
Latest headline from thelincolnianonline.com: Onto Innovation Inc. Position Reduced by Fisher Asset Management LLC

Onto Innovation Returns Distribution Density

The distribution of Onto Innovation's historical returns is an attempt to chart the uncertainty of Onto Innovation's future price movements. The chart of the probability distribution of Onto Innovation daily returns describes the distribution of returns around its average expected value. We use Onto Innovation price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Onto Innovation returns is essential to provide solid investment advice for Onto Innovation.
Mean Return
-0.34
Value At Risk
-5.73
Potential Upside
5.66
Standard Deviation
3.69
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Onto Innovation historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Onto Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument, such as Onto Innovation, soars without any apparent reason. This usually happens because many institutional investors are aggressively trading Onto Innovation back and forth among themselves. Companies that invest excess capital in these types of assets may also be included in this term and can influence corporate governance by exercising voting rights in their investments.
Shares
Fmr Inc2024-09-30
825.7 K
T. Rowe Price Associates, Inc.2024-06-30
753 K
Wellington Management Company Llp2024-06-30
747 K
Fisher Asset Management, Llc2024-09-30
711.3 K
Morgan Stanley - Brokerage Accounts2024-06-30
655 K
Dimensional Fund Advisors, Inc.2024-09-30
648.1 K
Macquarie Group Ltd2024-06-30
622.7 K
T. Rowe Price Investment Management,inc.2024-09-30
592.1 K
Alliancebernstein L.p.2024-06-30
558.9 K
Vanguard Group Inc2024-09-30
5.1 M
Blackrock Inc2024-06-30
4.9 M
Note, although Onto Innovation's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Onto Innovation Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory(9.3M)(42.4M)(57.2M)(93.9M)(16.5M)(17.3M)
Change In Cash18.3M6.0M32.9M6.3M57.6M60.5M
Free Cash Flow11.3M102.2M163.2M118.3M149.4M156.9M
Depreciation16.4M67.6M65.8M64.7M67.2M70.6M
Other Non Cash Items28.7M30.1M10.8M14.4M13.0M14.3M
Capital Expenditures6.8M3.8M12.0M18.4M22.6M23.7M
Net Income1.9M31.0M142.4M223.3M121.2M127.2M
End Period Cash Flow130.7M136.7M169.6M175.9M233.5M245.2M
Change Receivables(9.7M)(25.8M)(27.8M)(65.1M)(58.6M)(55.7M)
Change To Netincome19.8M10.7M9.2M(9.7M)(8.8M)(8.3M)
Investments(33.0M)(47.6M)(106.0M)(32.6M)(92.7M)(88.1M)

Onto Innovation Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Onto Innovation or Semiconductors & Semiconductor Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Onto Innovation's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Onto stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.58
β
Beta against Dow Jones2.00
σ
Overall volatility
3.43
Ir
Information ratio -0.12

Onto Innovation Volatility Alert

Onto Innovation exhibits very low volatility with skewness of -0.57 and kurtosis of 2.63. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Onto Innovation's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Onto Innovation's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Onto Innovation Fundamentals Vs Peers

Comparing Onto Innovation's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Onto Innovation's direct or indirect competition across all of the common fundamentals between Onto Innovation and the related equities. This way, we can detect undervalued stocks with similar characteristics as Onto Innovation or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Onto Innovation's fundamental indicators could also be used in its relative valuation, which is a method of valuing Onto Innovation by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Onto Innovation to competition
FundamentalsOnto InnovationPeer Average
Return On Equity0.1-0.31
Return On Asset0.055-0.14
Profit Margin0.19 %(1.27) %
Operating Margin0.21 %(5.51) %
Current Valuation7.11 B16.62 B
Shares Outstanding49.39 M571.82 M
Shares Owned By Insiders0.70 %10.09 %
Shares Owned By Institutions97.94 %39.21 %
Number Of Shares Shorted1.02 M4.71 M
Price To Earning34.45 X28.72 X
Price To Book4.18 X9.51 X
Price To Sales8.44 X11.42 X
Revenue815.87 M9.43 B
Gross Profit539.22 M27.38 B
EBITDA183.29 M3.9 B
Net Income121.16 M570.98 M
Cash And Equivalents545 M2.7 B
Cash Per Share10.97 X5.01 X
Total Debt19.52 M5.32 B
Debt To Equity0.01 %48.70 %
Current Ratio6.14 X2.16 X
Book Value Per Share38.54 X1.93 K
Cash Flow From Operations171.97 M971.22 M
Short Ratio1.14 X4.00 X
Earnings Per Share3.70 X3.12 X
Price To Earnings To Growth0.80 X4.89 X
Target Price255.12
Number Of Employees1.5 K18.84 K
Beta1.37-0.15
Market Capitalization7.95 B19.03 B
Total Asset1.91 B29.47 B
Retained Earnings482.36 M9.33 B
Working Capital1.14 B1.48 B
Note: Disposition of 669 shares by Robert Fiordalice of Onto Innovation at 93.15 subject to Rule 16b-3 [view details]

Onto Innovation Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Onto . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Onto Innovation Buy or Sell Advice

When is the right time to buy or sell Onto Innovation? Buying financial instruments such as Onto Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Onto Innovation in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Electrical Equipment Thematic Idea Now

Electrical Equipment
Electrical Equipment Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Electrical Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Electrical Equipment Theme or any other thematic opportunities.
View All  Next Launch
When determining whether Onto Innovation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Onto Innovation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Onto Innovation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Onto Innovation Stock:
Check out Onto Innovation Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Onto Innovation. If investors know Onto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Onto Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.466
Earnings Share
3.7
Revenue Per Share
19.124
Quarterly Revenue Growth
0.217
Return On Assets
0.055
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onto Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.