Onto Innovation (NYSE:ONTO – Get Free Report) announced its earnings results on Thursday. The semiconductor company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.08, Briefing.com reports. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The business had revenue of $228.80 million during the quarter, compared to the consensus estimate of $222.60 million. During the same period in the prior year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Onto Innovation updated its Q2 guidance to $1.14-1.26 EPS.
Onto Innovation Stock Up 1.1 %
ONTO traded up $2.27 during trading on Thursday, reaching $208.42. The stock had a trading volume of 676,653 shares, compared to its average volume of 435,878. Onto Innovation has a 1-year low of $86.04 and a 1-year high of $213.47. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 84.72 and a beta of 1.40. The stock has a 50 day moving average of $185.56 and a two-hundred day moving average of $160.96.
Insider Transactions at Onto Innovation
In related news, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation 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 transaction, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at $41,324,136.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Michael P. Plisinski sold 40,000 shares of the firm’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 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 filing with the SEC, which is accessible through this hyperlink. Also, VP Yoon Ah Oh sold 1,685 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $180.00, for a total value of $303,300.00. Following the sale, the vice president now directly owns 14,913 shares in the company, valued at $2,684,340. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,170 shares of company stock valued at $8,266,955. Corporate insiders own 0.72% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on ONTO
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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