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Share Repurchase Authorization
 12 Months Ended
Dec. 28, 2024
Share Repurchase Program [Abstract]  
Share Repurchase Authorization Share Repurchase Authorization:

In February 2024, the Onto Innovation Board of Directors approved a new share repurchase authorization, which allows the Company to repurchase up to $200 million worth of shares of its common stock. Repurchases may be made through both public market and private transactions from time to time with shares purchased being subsequently retired. During the twelve months ended December 28, 2024, the Company repurchased and retired 157 thousand shares of its common stock under this repurchase authorization. At December 28, 2024, there was $174.9 million available for future share repurchases under this share repurchase authorization.

The following table summarizes the Company’s stock repurchases:

 

 

Year Ended

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

December 31,
2022

 

 

 

(in thousands, except for per share data)

 

Shares of common stock repurchased

 

 

157

 

 

 

46

 

 

 

1,018

 

Cost of stock repurchased

 

$

25,065

 

 

$

3,197

 

 

$

65,257

 

Average price paid per share

 

$

159.16

 

 

$

69.29

 

 

$

64.09