We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Onto Innovation (ONTO) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Onto Innovation (ONTO - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Onto Innovation is a member of our Computer and Technology group, which includes 621 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Onto Innovation is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ONTO's full-year earnings has moved 2.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ONTO has moved about 36.3% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 25.8%. As we can see, Onto Innovation is performing better than its sector in the calendar year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Motorola (MSI - Free Report) . The stock has returned 48.4% year-to-date.
Over the past three months, Motorola's consensus EPS estimate for the current year has increased 1.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Onto Innovation belongs to the Nanotechnology industry, which includes 2 individual stocks and currently sits at #3 in the Zacks Industry Rank. This group has gained an average of 34.4% so far this year, so ONTO is performing better in this area.
In contrast, Motorola falls under the Wireless Equipment industry. Currently, this industry has 15 stocks and is ranked #155. Since the beginning of the year, the industry has moved +26.6%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Onto Innovation and Motorola as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Onto Innovation (ONTO) Stock Outpacing Its Computer and Technology Peers This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Onto Innovation (ONTO - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Onto Innovation is a member of our Computer and Technology group, which includes 621 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Onto Innovation is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ONTO's full-year earnings has moved 2.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ONTO has moved about 36.3% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 25.8%. As we can see, Onto Innovation is performing better than its sector in the calendar year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Motorola (MSI - Free Report) . The stock has returned 48.4% year-to-date.
Over the past three months, Motorola's consensus EPS estimate for the current year has increased 1.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Onto Innovation belongs to the Nanotechnology industry, which includes 2 individual stocks and currently sits at #3 in the Zacks Industry Rank. This group has gained an average of 34.4% so far this year, so ONTO is performing better in this area.
In contrast, Motorola falls under the Wireless Equipment industry. Currently, this industry has 15 stocks and is ranked #155. Since the beginning of the year, the industry has moved +26.6%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Onto Innovation and Motorola as they could maintain their solid performance.