Onto Innovation (NYSE:ONTO – Get Free Report) posted its quarterly earnings data on Thursday. The semiconductor company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.08, Briefing.com reports. The company had revenue of $228.80 million during the quarter, compared to analysts’ expectations of $222.60 million. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Onto Innovation updated its Q2 guidance to $1.14-1.26 EPS.
Onto Innovation Price Performance
Shares of NYSE ONTO traded up $2.27 during midday trading on Thursday, hitting $208.42. The company’s stock had a trading volume of 676,653 shares, compared to its average volume of 435,878. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 84.72 and a beta of 1.40. Onto Innovation has a 1 year low of $86.04 and a 1 year high of $213.47. The business’s fifty day simple moving average is $185.56 and its two-hundred day simple moving average is $160.96.
Insiders Place Their Bets
In related news, CEO Michael P. Plisinski sold 40,000 shares of the business’s stock in a transaction on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David Brian Miller sold 2,800 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 9,008 shares in the company, valued at $1,535,773.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael P. Plisinski sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 235,492 shares in the company, valued at approximately $41,324,136.16. The disclosure for this sale can be found here. Insiders sold a total of 47,170 shares of company stock worth $8,266,955 over the last 90 days. Corporate insiders own 0.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Onto Innovation
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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