News Image

Why quality investors should have a look at ONTO INNOVATION INC (NYSE:ONTO).

By Mill Chart

Last update: Dec 8, 2023

Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if ONTO INNOVATION INC (NYSE:ONTO) is suited for quality investing. Investors should of course do their own research, but we spotted ONTO INNOVATION INC showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.

Why NYSE:ONTO may be interesting for quality investors.

  • ONTO INNOVATION INC has achieved substantial revenue growth over the past 5 years, with a 31.2% increase. This signifies the company's ability to successfully capture market opportunities and generate sustained revenue growth.
  • ONTO INNOVATION INC demonstrates impressive performance in terms of ROIC excluding cash and goodwill, with a 19.91% ratio. This highlights the company's efficient utilization of capital and its focus on maximizing returns for investors.
  • ONTO INNOVATION INC demonstrates a well-balanced Debt/Free Cash Flow Ratio of 0.0, indicating effective debt management and strong cash flow generation. This ratio suggests the company has a sustainable financial position and the capacity to allocate capital efficiently.
  • With a favorable Profit Quality (5-year) ratio of 252.0%, ONTO INNOVATION INC showcases its ability to consistently deliver high-quality profits. This metric signifies the company's financial strength and its capacity to generate sustainable earnings over an extended period.
  • ONTO INNOVATION INC has demonstrated consistent growth in EBIT over the past 5 years, with a strong 40.78%. This signifies the company's ability to generate sustainable earnings and reflects its positive financial trajectory.
  • ONTO INNOVATION INC has achieved impressive EBIT 5-year growth, surpassing its Revenue 5-year growth. This indicates the company's ability to improve its profitability and operational efficiency, highlighting its strong financial performance.

How does the complete fundamental picture look for NYSE:ONTO?

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Overall ONTO gets a fundamental rating of 6 out of 10. We evaluated ONTO against 104 industry peers in the Semiconductors & Semiconductor Equipment industry. ONTO is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, ONTO is valued expensive at the moment.

Check the latest full fundamental report of ONTO for a complete fundamental analysis.

More ideas for quality investing can be found on ChartMill in our Caviar Cruise screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.



NYSE:ONTO (2/22/2024, 6:02:57 PM)

After market: 178.15 0 (0%)


+10.2 (+6.07%)


News Image2 days ago - InvestorPlace3 Top Sectors Investment Dollars Are Pouring Into Now: February 2024

Predicting top sectors isn't easy; we usually identify them only in hindsight, but these three stock market segments are rapidly rising.

News Image10 days ago - InvestorPlace3 Russell 2000 Stocks That Could Make Your February Unforgettable

The Russell 2000 is trading flat while its competitors have rebounded from January lows. Still, these three Russell 2000 stocks are worth it.

News Image14 days ago - Seeking AlphaOnto Innovation Non-GAAP EPS of $1.06 beats by $0.05, revenue of $219M beats by $8.12M (NYSE:ONTO)

Onto Innovation reported Q4 results, with non-GAAP EPS beating estimates by $0.05 and revenue beating by $8.12M. Shares increased by 0.83%.

News Image14 days ago - Onto Innovation Inc.Onto Innovation Reports 2023 Fourth Quarter and Full Year Results
News Image16 days ago - Market News VideoTuesday Sector Laggards: Semiconductors, Banking & Savings
News Imagea month ago - Onto Innovation Inc.Onto Innovation Debuts Firefly® G3 Panel-level Packaging Inspection System
News Imagea month ago - Onto Innovation Inc.Onto Innovation to Report Fourth Quarter and Full Year 2023 Financial Results on February 8, 2024
News Image2 months ago - InvestorPlace7 Hot Semiconductor Stock Trends to Watch for 2024

Semiconductor stocks are set for a bull run in 2024 that will persist through the rest of the decade — making today time to invest.

News Image2 months ago - Onto Innovation Inc.Onto Innovation to Participate in 26th Annual Needham Growth Conference
News Image2 months ago - InvestorPlace3 Innovative Russell 2000 Stocks to Watch in 2024

The Russell 2000 appears to be entering a rally; therefore, investors should look into these 3 innovative stocks for 2024.

News Image3 months ago - Market News VideoOnto Innovation Larger Than S&P 500 Component Invesco
News Image3 months ago - The Motley Fool3 Top AI Stocks to Buy Beyond the "Magnificent Seven"

The Magnificent Seven stocks have surged on their perceived benefits from artificial intelligence...but they're not the only ones.

ONTO Links
Follow us for more