On November 15, 2024, Mark Slicer, Chief Financial Officer of Onto Innovation Inc (ONTO, Financial), sold 1,100 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 10,933 shares of Onto Innovation Inc.
Onto Innovation Inc is a leading provider of process control and yield management solutions for semiconductor and advanced packaging manufacturers globally. The company's products and services are critical in improving the performance, productivity, and time-to-market for its clients.
Over the past year, Mark Slicer has sold a total of 2,138 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 7 insider sells and no insider buys over the past year.
Shares of Onto Innovation Inc were trading at $160.41 on the day of the transaction. The company has a market cap of approximately $7.985 billion. The price-earnings ratio of the stock stands at 43.81, which is above both the industry median of 32.745 and the company's historical median.
The stock is currently considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 1.36. The GF Value of $117.72 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
