Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Our AI scores Onto Innovation Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Onto Innovation Inc. is a mid-cap company with a market capitalization of $8.50B. It ranks number 4 by market capitalization among the 11 Measuring & Controlling Devices, NEC issuers in our coverage with a current forecast. Its Current Ratio of 9.73x is the highest of the 9 peers that report one.
For ONTO, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -10.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 14.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, ONTO included.
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Measuring & Controlling Devices, NEC peers listed below that report each metric.
| Metric | ONTO | Rank |
|---|---|---|
| Market Cap | $8.50B | 4/11 |
| P/E Ratio | 51.73x | 3/6 |
| P/B Ratio | 4.42x | 4/11 |
| EPS | $3.35 | – |
| Book Value/Share | $39.18 | – |
| Metric | ONTO | Rank |
|---|---|---|
| ROE | 8.6% | 3/7 |
| ROA | 4.5% | 3/7 |
| ROIC | 4.6% | 4/9 |
| Gross Margin | 49.9% | 4/8 |
| Operating Margin | 12.8% | 4/9 |
| Net Margin | 13.5% | 2/7 |
| EBT Margin | 15.9% | 2/9 |
| Tax Rate | 15.3% | – |
| Metric | ONTO | Rank |
|---|---|---|
| Current Ratio | 9.73x | 1/9 |
| Quick Ratio | 8.33x | 2/9 |
| D/E Ratio | 0.92x | 5/11 |
| Financial Leverage | 1.92x | 5/11 |
| Interest Coverage | 139.3x | 1/9 |
| Working Capital | $2.37B | 2/9 |
| Metric | ONTO | Rank |
|---|---|---|
| Operating Cash Flow | $412M | 4/10 |
| OCF Growth YoY | 50.7% | 3/5 |
| Metric | ONTO | Rank |
|---|---|---|
| Inventory Turnover | 1.6x | 7/8 |
| Days Inventory | 226 days | 2/8 |
| Payables Period | 83 days | 4/8 |
| Metric | ONTO | Rank |
|---|---|---|
| Operating Income | $157M | 4/10 |
| Net Income | $165M | 3/7 |
| R&D Expense | $164M | 4/10 |
| SG&A Expense | $301M | 5/10 |
| Cost of Goods Sold | $613M | 3/9 |
| Metric | ONTO | Rank |
|---|---|---|
| Shares Outstanding | 49M | – |
| Net Income Growth | -17.5% | – |
| EPS Growth | -32.7% | – |
| Total Current Assets | $2.64B | 71.4% of assets |
| Cash & Short-term Investments | $1.25B | 33.9% of assets |
| Accounts Receivable | $337M | 9.1% of assets |
| Inventory | $379M | 10.3% of assets |
| Total Liabilities | $1.78B | 48.0% of assets |
| Short-term Debt | $132M | 3.6% of assets |
Companies classified under the same SEC industry code as Onto Innovation Inc. (Measuring & Controlling Devices, NEC): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| ONTO Onto Innovation Inc. | $8.50B | |
| TMO Thermo Fisher Scientific Inc. | $250.82B | |
| ROK Rockwell Automation, Inc | $41.74B | |
| TRMB Trimble Inc. | $12.51B | |
| MIR Mirion Technologies, Inc. | $4.48B | |
| QSI Quantum-Si Inc | $287M | |
| OWLT Owlet, Inc. | $124M | |
| GEOS Geospace Technologies Corp | $49M | |
| AATC Autoscope Technologies Corp | $32M | |
| BCHT Birchtech Corp. | $27M | |
| NIKI Niki Biosolutions, Inc. | $5M |
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[Audio Gap] everyone. Welcome to Day 2 of Citi Global TMT Conference. My name is Elizabeth Sun. I'm here in Citi's research covering semi and semicap team. It's my pleasure to welcome the Onto team ...
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Our AI scores Onto Innovation Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
For ONTO, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -10.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 14.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Onto Innovation Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
11 issuers in our coverage, ONTO included, share the SEC industry code Measuring & Controlling Devices, NEC. The largest are: Thermo Fisher Scientific Inc. (TMO), Rockwell Automation, Inc (ROK), Trimble Inc. (TRMB), Mirion Technologies, Inc. (MIR), Quantum-Si Inc (QSI), Owlet, Inc. (OWLT).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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