Onto Innovation Inc (NYSE: ONTO) has reported E.P.S. of $1.07 for its third fiscal quarter (ending September 30) versus $0.73 for the same period a year ago — an increase of 47%. For the latest four quarters through September 30, E.P.S. were $3.72 compared to $3.21 a year ago — an increase of 16%.
Recent Price Action
On 10/31/24, Onto Innovation Inc (NYSE: ONTO) stock declined by -4.4%, closing at $198.33. Moreover, trading volume in this decline was unusually high at 155% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.5% 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 (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 24 but a good Power Rating of 80, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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