ONTO

NEUTRAL

$295.06 Live

Onto Innovation Inc. · NYSE

Target $334.29 (+13.3%)

$85.88 52W Range $316.0

ONTO Onto Innovation Inc. - Fundamental Analysis

NEUTRAL

Console Chart News

ONTO Stock | Fundamental Analysis & Investment Insights

NYSE • Technology • Semiconductor Equipment & Materials

Current Price Live

$295.06

Analyst Target

$334.29

+13.3% Upside

52W High

$316.0

52W Low

$85.88

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated May 01, 2026

Market cap

$14.68B

P/E

105.76

ROE

6.8%

Profit margin

13.6%

Debt/Equity

0.01

Dividend yield

N/A

AI Analysis

AI-powered fundamental assessment

Confidence

85%

Onto Innovation exhibits exceptional financial health with a Piotroski F-Score of 8/9 and a near-zero Debt/Equity ratio (0.01), indicating a fortress balance sheet. However, the stock is severely overvalued by deterministic standards, trading at $295.06 against a Graham Number of $51.51 and an Intrinsic Value of $19.53. While analyst sentiment remains a 'strong_buy' with a target of $334.29, the extreme P/E of 105.76 and a bearish technical trend score (10/100) suggest a significant disconnect between fundamental value and market price. The investment thesis relies entirely on aggressive future growth expectations rather than current valuation.

Key Strengths

Exceptional financial health (Piotroski F-Score 8/9)

Virtually debt-free balance sheet (Debt/Equity 0.01)

Strong liquidity position (Current Ratio 5.79)

High gross margins (54.59%) and healthy operating margins (20.86%)

Strong analyst consensus (Strong Buy) with upside potential to $334.29

Key Risks

Extreme valuation premium (P/E 105.76, P/S 14.60)

Stagnant year-over-year revenue growth (1.10%)

High customer concentration risk as noted in 10-K

Severe divergence between current price and Graham/Intrinsic value

Bearish technical trend (10/100) despite recent price appreciation

AI Fair Value Estimate

Based on comprehensive analysis

$215.0

-27.1% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Moderate

Value

Future

Past

Health

Dividend

AI Verdict

Speculative Growth

Key drivers: Pristine balance sheet, Extreme valuation multiples, Strong sector tailwinds (Semiconductors/AI), Poor technical trend score

Confidence

90%

Value

15/100

Ref P/E, PEG, Graham Number

Positives

Forward P/E (32.21) is significantly lower than trailing P/E

Watchpoints

P/E 105.76 is excessive
Price is ~5.7x the Graham Number
Price/Sales of 14.60 is very high

Future

70/100

Ref Growth rates

Positives

Strong analyst target price ($334.29)
Positive Q/Q EPS growth (+37%)
Critical role in semiconductor process control

Watchpoints

YoY Revenue growth is nearly flat (1.10%)

Past

90/100

Ref Historical trends

Positives

Massive 1Y return (+141.9%)
Consistent earnings beat track record over 25 quarters

Watchpoints

No urgent risks highlighted.

Health

95/100

Ref Altman Z-Score, Piotroski F-Score

Positives

Piotroski F-Score 8/9
Debt/Equity 0.01
Current Ratio 5.79

Watchpoints

No urgent risks highlighted.

Dividend

0/100

Ref Yield, Payout

Positives

No standout positives identified.

Watchpoints

No dividend paid
0/100 Dividend Strength

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$295.06

Analyst Target

$334.29

Upside/Downside

+13.3%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for ONTO and closest competitors.

Updated 2026-04-30

Company	5Y	3Y	1Y	6M	1M	1W
ONTO Onto Innovation Inc. Primary	+330.7%	+260.0%	+141.9%	+115.3%	+43.9%	+0.9%
LSCC Lattice Semiconductor Corporation Peer	+117.8%	+16.6%	+146.6%	+51.0%	+25.6%	+10.8%
CHKP Check Point Software Technologies Ltd. Peer	+19.8%	+18.1%	-35.0%	-29.1%	-0.9%	-1.2%
TTMI TTM Technologies, Inc. Peer	+808.2%	+1065.0%	+578.5%	+132.4%	+55.8%	+9.8%
KSPI Joint Stock Company Kaspi.kz Peer	-16.9%	-16.9%	-10.2%	+1.6%	+2.4%	+0.5%

ONT

Onto Innovation Inc.

Primary

+330.7%

+260.0%

+141.9%

+115.3%

+43.9%

+0.9%

LSC

Lattice Semiconductor Corporation

Peer

+117.8%

+16.6%

+146.6%

+51.0%

+25.6%

+10.8%

CHK

Check Point Software Technologies Ltd.

Peer

+19.8%

+18.1%

-35.0%

-29.1%

-0.9%

-1.2%

TTM

TTM Technologies, Inc.

Peer

+808.2%

+1065.0%

+578.5%

+132.4%

+55.8%

+9.8%

KSP

Joint Stock Company Kaspi.kz

Peer

-16.9%

-10.2%

+1.6%

+2.4%

+0.5%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

105.76

32.21

1.36

6.98

14.6

13.97

51.39

$14.68B

Profitability

Profit margins and return metrics

Profit Margin 13.6%

Operating Margin 20.86%

Gross Margin 54.59%

ROE 6.79%

ROA 5.93%

Growth

Revenue and earnings growth rates

Revenue Growth +1.1%

Earnings Growth -78.2%

Q/Q Revenue Growth +1.11%

Q/Q Earnings Growth -78.4%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

0.01

Low debt

Current Ratio

5.79

Strong

Quick Ratio

4.15

Excellent

Cash/Share

$12.87

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue

$0.3B

Gross Margin

46.4%

Op. Margin

7.8%

Net Margin

3.9%

Total Assets

$2.4B

Liabilities

$0.3B

Equity

$2.1B

Debt/Equity

0.13x

Operating CF

$0.1B

CapEx

$-0.0B

Free Cash Flow

$0.1B

FCF Yield

95%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-05-05

$N/A

2026-02-19

$1.26

-0.2% surprise

2025-11-06

$0.92

+5.9% surprise

2025-08-07

$1.25

-2.1% surprise

Technology Sector Comparison

Comparing ONTO against 606 companies in the Technology sector (47 bullish, 216 neutral, 343 bearish)

P/E Ratio

105.76

This Stock

80.58

Sector Avg

+31.2% (Expensive)

Return on Equity (ROE)

6.79%

This Stock

-31.44%

Sector Avg

-121.6% (Below Avg)

Profit Margin

13.6%

This Stock

-11.75%

Sector Avg

-215.7% (Weaker)

Debt to Equity

0.01

This Stock

0.77

Sector Avg

-98.9% (Less Debt)

Revenue Growth

1.1%

This Stock

4080.22%

Sector Avg

-100.0% (Slower)

Current Ratio

5.79

This Stock

3.67

Sector Avg

+57.6% (Stronger)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
ONTO Onto Innovation Inc.	NEUTRAL	$14.68B	105.76	6.8%	13.6%	$295.06
LSCC Lattice Semiconductor Corporation	NEUTRAL	$14.75B	5388.0	0.4%	0.6%	$107.76	Compare
CHKP Check Point Software...	BULLISH	$14.59B	14.55	37.3%	38.8%	$139.96	Compare
TTMI TTM Technologies, Inc.	NEUTRAL	$14.29B	81.41	10.7%	6.1%	$137.59	Compare
KSPI Joint Stock Company Kaspi.kz	NEUTRAL	$14.22B	6.43	51.2%	26.5%	$74.89	Compare

ONTO Onto Innovation Inc.

NEUTRAL

Mkt Cap

$14.7B

P/E

105.8

ROE

6.8%

Price

$295.06

Compare with ONTO

Compare with ONTO

TTMI TTM Technologies, Inc.

Compare with ONTO

Compare with ONTO

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-03-02	ROBERTS BRIAN K	Chief Financial Officer	Stock Award	3,096	-
2026-03-02	PLISINSKI MICHAEL P	Chief Executive Officer	Stock Award	14,479	-
2026-03-02	OH YOON AH	General Counsel	Stock Award	2,408	-
2026-03-02	YALDAEI RAMIL	Chief Operating Officer	Stock Award	7,683	-
2026-03-02	DOLEV IDO	Officer	Stock Award	3,440	-
2026-03-02	CHEN SHIRLEY	Officer	Stock Award	2,523	-
2026-02-27	PLISINSKI MICHAEL P	Chief Executive Officer	Stock Award	4,597	-
2026-02-27	OH YOON AH	General Counsel	Stock Award	724	-
2026-02-27	YALDAEI RAMIL	Chief Operating Officer	Stock Award	649	-
2026-02-13	PLISINSKI MICHAEL P	Chief Executive Officer	Stock Award	18,445	-
2026-02-13	OH YOON AH	General Counsel	Stock Award	3,084	-
2025-12-24	PLISINSKI MICHAEL P	Chief Executive Officer	Gift	25,000	-

ROBERTS BRIAN K

Chief Financial Officer

Stock Award

2026-03-02

3,096 shares

PLISINSKI MICHAEL P

Chief Executive Officer

Stock Award

2026-03-02

14,479 shares

OH YOON AH

General Counsel

Stock Award

2026-03-02

2,408 shares

YALDAEI RAMIL

Chief Operating Officer

Stock Award

2026-03-02

7,683 shares

DOLEV IDO

Officer

Stock Award

2026-03-02

3,440 shares

CHEN SHIRLEY

Officer

Stock Award

2026-03-02

2,523 shares

PLISINSKI MICHAEL P

Chief Executive Officer

Stock Award

2026-02-27

4,597 shares

OH YOON AH

General Counsel

Stock Award

2026-02-27

724 shares

YALDAEI RAMIL

Chief Operating Officer

Stock Award

2026-02-27

649 shares

PLISINSKI MICHAEL P

Chief Executive Officer

Stock Award

2026-02-13

18,445 shares

OH YOON AH

General Counsel

Stock Award

2026-02-13

3,084 shares

PLISINSKI MICHAEL P

Chief Executive Officer

Gift

2025-12-24

25,000 shares

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

8-K

2026-04-21

Onto Innovation Inc. filed an 8-K on April 21, 2026, likely to announce its first-quarter financial results.

8-K

2026-04-16

Onto Innovation Inc. likely reported its first-quarter financial results for the period ending March 31, 2026.

DEF 14A

2026-04-06

Onto filed a definitive proxy statement (DEF 14A) on April 6, 2026, providing shareholders with necessary information and voting materials for the company's annual meeting.

10-K

2026-02-24

Onto Innovation is a global leader in semiconductor process control, providing metrology, inspection, and lithography solutions for both front-end and back-end manufacturing. The company faces operational risks related to supply chain volatility, demand forecasting uncertainties, and potential competition or sales declines from integrated equipment suppliers. Its success depends on maintaining product quality and attracting specialized technical talent to serve diverse IC markets.

8-K

2026-02-19

Onto Innovation Inc. filed an 8-K likely to announce its fourth quarter and full-year 2025 financial results.

8-K

2025-11-21

Onto Innovation Inc. likely reported its quarterly financial results in this 8-K filing dated November 21, 2025.

8-K

2025-11-17

Onto Innovation Inc. likely reported its third-quarter financial results in this 8-K filing.

10-Q

2025-11-06

ONTO filed its 10-Q on November 6, 2025. While the filing includes a section dedicated to Risk Factors, no specific financial highlights or detailed risk descriptions were provided in the available excerpt.

8-K

2025-11-06

Onto Innovation Inc. filed an 8-K on November 6, 2025, likely to announce its third-quarter financial results.

8-K

2025-10-10

Onto Innovation Inc. likely reported its third-quarter financial results in this 8-K filing dated October 10, 2025.

8-K

2025-08-07

10-Q

2025-08-07

8-K/A

2025-07-11

8-K

2025-06-30

8-K

2025-06-16

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

STRONG_BUY

7 analysts

Needham

2026-04-20

Maintains

Buy Buy

B. Riley Securities

2026-04-17

Maintains

Buy Buy

Oppenheimer

2026-04-17

Maintains

Outperform Outperform

Evercore ISI Group

2026-04-17

Maintains

Outperform Outperform

Stifel

2026-04-17

Hold Buy

B. Riley Securities

2026-04-13

Maintains

Buy Buy

Cantor Fitzgerald

2026-04-06

Maintains

Overweight Overweight

B. Riley Securities

2026-02-20

Maintains

Buy Buy

Stifel

2026-02-20

Maintains

Hold Hold

Needham

2026-02-20

Maintains

Buy Buy

Past News Coverage

Recent headlines mentioning ONTO from our newsroom.

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ONTO

ONTO Onto Innovation Inc. - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Technology Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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