Onto Innovation Inc (NYSE: ONTO) has reported E.P.S. of $0.95 for its first fiscal quarter (ending March 31) versus $0.60 for the same period a year ago — an increase of 58%. Relative to the consensus estimate of $1.38, this was a shortfall of $-0.43. For the latest four quarters through March 31, E.P.S. were $2.83 compared to $4.04 a year ago — a decline of -30%.
Recent Price Action
On 5/9/24, Onto Innovation Inc (NYSE: ONTO) stock increased 1.1%, closing at $208.42. Moreover, unusually high trading volume at 159% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 12.5% during the last week.
Current PriceTarget Research Rating
ONTO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Onto Innovation has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Onto Innovation has a poor Appreciation Score of 25 but a very high Power Rating of 95, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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