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Onto Innovation (ONTO) Stock Falls Amid Market Uptick: What Investors Need to Know
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Onto Innovation (ONTO - Free Report) ended the recent trading session at $241.89, demonstrating a -7.79% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.21%. Meanwhile, the Dow experienced a rise of 1.03%, and the technology-dominated Nasdaq saw a decrease of 0.22%.
The maker of semiconductor manufacturing equipment's shares have seen a decrease of 25.36% over the last month, not keeping up with the Computer and Technology sector's loss of 2.91% and the S&P 500's gain of 1.7%.
The investment community will be closely monitoring the performance of Onto Innovation in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company's earnings per share (EPS) are projected to be $1.68, reflecting a 34.4% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $325.6 million, indicating a 28.39% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.14 per share and a revenue of $1.33 billion, representing changes of +44.53% and +32.56%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Onto Innovation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Onto Innovation currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Onto Innovation is currently exchanging hands at a Forward P/E ratio of 36.76. This denotes no noticeable deviation relative to the industry average Forward P/E of 36.76.
We can also see that ONTO currently has a PEG ratio of 1.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Nanotechnology was holding an average PEG ratio of 1.07 at yesterday's closing price.
The Nanotechnology industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 1, this industry ranks in the top 1% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Onto Innovation (ONTO) Stock Falls Amid Market Uptick: What Investors Need to Know
Onto Innovation (ONTO - Free Report) ended the recent trading session at $241.89, demonstrating a -7.79% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.21%. Meanwhile, the Dow experienced a rise of 1.03%, and the technology-dominated Nasdaq saw a decrease of 0.22%.
The maker of semiconductor manufacturing equipment's shares have seen a decrease of 25.36% over the last month, not keeping up with the Computer and Technology sector's loss of 2.91% and the S&P 500's gain of 1.7%.
The investment community will be closely monitoring the performance of Onto Innovation in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company's earnings per share (EPS) are projected to be $1.68, reflecting a 34.4% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $325.6 million, indicating a 28.39% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.14 per share and a revenue of $1.33 billion, representing changes of +44.53% and +32.56%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Onto Innovation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Onto Innovation currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Onto Innovation is currently exchanging hands at a Forward P/E ratio of 36.76. This denotes no noticeable deviation relative to the industry average Forward P/E of 36.76.
We can also see that ONTO currently has a PEG ratio of 1.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Nanotechnology was holding an average PEG ratio of 1.07 at yesterday's closing price.
The Nanotechnology industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 1, this industry ranks in the top 1% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.