Onto Innovation (NYSE:ONTO – Get Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.140-1.260 for the period, compared to the consensus EPS estimate of 1.110. The company issued revenue guidance of $230.0 million-$240.0 million, compared to the consensus revenue estimate of $226.0 million. Onto Innovation also updated its Q2 guidance to $1.14-1.26 EPS.
Onto Innovation Stock Up 1.0 %
Shares of NYSE:ONTO opened at $208.29 on Friday. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 84.67 and a beta of 1.40. The company has a 50 day moving average of $186.05 and a two-hundred day moving average of $161.29. Onto Innovation has a 52-week low of $86.04 and a 52-week high of $213.47.
Onto Innovation (NYSE:ONTO – Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The business had revenue of $219.00 million during the quarter, compared to analyst estimates of $209.06 million. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business’s revenue was down 13.5% compared to the same quarter last year. On average, equities analysts anticipate that Onto Innovation will post 4.7 earnings per share for the current year.
Analyst Ratings Changes
Insider Activity at Onto Innovation
In other news, CEO Michael P. Plisinski sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the completion of the sale, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael P. Plisinski sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the completion of the sale, the chief executive officer now owns 235,492 shares in the company, valued at approximately $41,324,136.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Brian Miller sold 2,800 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $170.49, for a total transaction of $477,372.00. Following the sale, the director now directly owns 9,008 shares of the company’s stock, valued at $1,535,773.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,170 shares of company stock valued at $8,266,955. Company insiders own 0.72% of the company’s stock.
Onto Innovation Company Profile
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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