Onto Innovation Inc.ONTO

Technology
Neutral

ASignal's systematic analysis rates ONTO as Neutral. Onto Innovation Inc. has a market cap of $12.60B, a P/E of 117.79, a 10.3% net margin, and 9.5% year-over-year revenue growth.

Reflects the latest available analysis · analyzed Jun 7, 2026

The case on ONTO

Bull vs bear, surfaced by ASignal's framework agents from public market data. The precise verdict: ASignal Rank, confidence, and price targets - is in the app.

Bull case
  • Strong gross margin of 54.19% indicating pricing power
  • Zero total debt and high cash balance of $654.16M
  • Healthy current ratio of 6.15x and quick ratio of 4.48x
  • Positive free cash flow of $197.24M
  • Revenue growth of 9.5% year-over-year
VS
Bear case
  • Negative earnings growth of -48.50% YoY
  • High P/E ratio of 117.79x compared to forward P/E of 26.41x
  • Price below 20-day and 50-day moving averages
  • MACD below signal line with negative histogram
  • No Reddit mentions indicating low retail interest

Key facts

Sector
Technology
Market cap
$12.60B
P/E ratio
117.79
Gross margin
54.2%
Net margin
10.3%
Rev growth YoY
9.5%
Price (Jun 7, 2026)
$253.24
Subscriber-only

See the full verdict on ONTO

ASignal Rank (1-4), confidence score, Buffett / Ackman / Dalio grades, price targets, and the full reasoning behind the call.

How ASignal analyzes ONTO

Most investors never get a second opinion, let alone several. ASignal runs ONTO past a panel of specialized investor-framework agents, each calibrated on a distinct school of investing: Warren Buffett's value discipline, Bill Ackman's activist lens, and Ray Dalio's macro view. They don't just score in isolation, they argue: a dedicated Challenger agent pushes back on every conclusion until the panel settles on a reasoned consensus, weighing fundamentals, macro conditions, market sentiment, and price action together. The kind of cross-examined read that takes a research desk hours, ASignal delivers in under two minutes, refreshed every cycle.

The signal direction and the bull and bear case above are free. The precise read, ASignal Rank, framework grades, price targets, and full reasoning, stays with subscribers.

Onto Innovation Inc. (ONTO) Stock Analysis - ASignal rates it Neutral