Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, or factory-wide suites. The company also provides spare parts and software licensing services. Its products are used by semiconductor wafer and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; RF filter; data storage; and various industrial and scientific applications. The company was formerly known as Rudolph Technologies, Inc. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.
IPO Year:
Exchange: NYSE
Website: ontoinnovation.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/20/2025 | $110.00 | Buy → Hold | Jefferies |
| 5/5/2025 | $135.00 | Overweight → Neutral | Cantor Fitzgerald |
| 1/13/2025 | $250.00 | Overweight | Cantor Fitzgerald |
| 9/25/2024 | $260.00 | Outperform | Oppenheimer |
| 8/19/2024 | Hold → Buy | Needham | |
| 5/13/2024 | $190.00 → $265.00 | Buy | Jefferies |
| 5/10/2024 | $235.00 → $250.00 | Buy | B. Riley Securities |
| 4/16/2024 | $235.00 | Outperform | Evercore ISI |
| 6/14/2023 | Buy → Hold | Needham | |
| 4/21/2023 | $100.00 | Buy | Jefferies |
Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced that its senior management team will participate in the following upcoming investor events: B. Riley Securities 25th Annual Institutional Investor Conference at the Ritz Carlton in Marina Del Ray, California, on May 22, 2025. TD Cowen 53rd Annual Technology, Media & Telecom Conference at the InterContinental New York Barclay, New York, New York, on May 28, 2025. Stifel 2024 Cross Sector Insight Conference at the InterContinental Hotel in Boston, Massachusetts, on June 3, 2025. Management will be available for one-on-one meetings at these conferences. To schedule a meeting, please contact your
Record quarterly revenue boosted by growth in advanced nodes Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the first quarter of 2025. First Quarter Financial Highlights Record revenue of $267 million, marking the seventh consecutive quarter of growth. GAAP gross margin of 54% and non-GAAP gross margin of 55%. GAAP operating income of $63 million and non-GAAP operating income of $76 million. GAAP diluted earnings per share of $1.30; non-GAAP diluted earnings per share of $1.51. Record cash from operations of $92 million, or 35% of revenue. First Quarter Business Highlights Advanced nodes revenue doubled qu
Onto Innovation Inc. (NYSE:ONTO) will release its 2025 first quarter results shortly after the market closes on May 8, 2025. Onto Innovation will host a conference call and audio webcast in connection with its release of the financial results. Michael P. Plisinski, chief executive officer, and Mark Slicer, chief financial officer, will host the call. The call will take place: Thursday, May 8, 2025, at 4:30 p.m. (ET) To participate in the call, please dial (888) 256-1007 or international: +1 (929) 477-0448 and reference conference ID 6607568 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available on the Company's website at www.ontoinnovation.com.
Record quarterly revenue with full year revenue growth of 21% Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the fourth quarter and full year 2024. 2024 Fourth Quarter Financial Highlights Record revenue of $264 million led by advanced nodes and advanced packaging markets, delivering sixth consecutive quarter of growth. GAAP gross margin of 50% and non-GAAP gross margin of 55%, excluding acquisition and restructuring-related charges. GAAP operating income of $42 million and non-GAAP operating income of $75 million. GAAP net income of $49 million and non-GAAP net income of $75 million. GAAP diluted earni
Onto Innovation Inc. (NYSE:ONTO) will release its 2024 fourth quarter and full year results shortly after the market closes on February 6, 2025. Onto Innovation will host a conference call and audio webcast in connection with its release of the financial results. Michael P. Plisinski, chief executive officer, and Mark Slicer, chief financial officer, will host the call. The call will take place: Thursday, February 6, 2025, at 4:30 p.m. (ET) To participate in the call, please dial (888) 394-8218 or international: +1 (646) 828-8193 and reference conference ID 1186967 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available on the Company's website
Announces orders for 3Di™ technology on Dragonfly® G3 system and release of EchoScan™ void detection system Onto Innovation Inc. (NYSE:ONTO) today announced advances in its product suite for 3D interconnect process control, featuring the new 3Di™ technology on the Dragonfly® G3 system for bump process control in high bandwidth memory (HBM) and advanced logic applications. Additionally, the EchoScan™ system is introduced for detecting voids as small as 1µm in wafer bonding applications, such as advanced hybrid bonding for Cu-Cu interconnects. Initial orders for the 3Di technology include a top HBM manufacturer, a tier one OSAT and a leading manufacturer of bump process equipment. The first
Announces expansion of metrology suite to support the estimated $400 million critical films market with launch of Iris™ G2 metrology system Onto Innovation Inc. (NYSE:ONTO) today announced that a leading DRAM manufacturer has finalized a $69 million volume purchase agreement spanning Onto Innovation's optical metrology ecosystem, including common films, optical critical dimension, and integrated metrology. This agreement implies increased adoption of the Iris™ system for common films metrology, along with increased adoption of integrated metrology. Deliveries begin in the first quarter of 2025, supporting management's expectations for the start of a recovery in the DRAM market in 2025.
Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced that Michael Plisinski, chief executive officer, and Mark Slicer, chief financial officer, will participate in the upcoming 27th Annual Needham Growth Conference, taking place at the Lotte New York Palace Hotel on January 15, 2025. Michael Plisinski will present at 8:45 a.m. ET on Wednesday, January 15. Investors are invited to join the live webcast of the presentation, which can be accessed on the Company's website at investors.ontoinnovation.com. Onto Innovation will be accessible for one-on-one meetings on January 15. Any presentation material utilized for the conference, as well as the arc
Solid execution drives revenue, gross margin and EPS in the upper half of guidance Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the third fiscal quarter of 2024. Third Quarter Financial Highlights Revenue of $252 million led by a recovery in advanced nodes and continued strength in advanced packaging supporting strong AI demand. GAAP gross margin 54% and non-GAAP gross margin of 55%. GAAP operating income of $53 million and non-GAAP operating income of $70 million. GAAP net income of $53 million and non-GAAP net income of $66 million. GAAP diluted earnings per share of $1.07 and non-GAAP diluted earnings per
Expands Inspection Capabilities for Unpatterned Wafers and Panel Substrates Enhances IP Portfolio and Lithography R&D Team to Accelerate Panel Lithography Development Onto Innovation Inc. (NYSE:ONTO), a global provider of process control and packaging lithography solutions to the semiconductor market, today announced that it has acquired Lumina Instruments, Inc. based in Milpitas, California. "We are pleased to announce the 'tuck-in' of Lumina Instruments to strengthen Onto Innovation's inspection portfolio through the addition of their highly differentiated laser scattering technology," said Dr. Mike Rosa, chief marketing officer and senior vice president strategy, Onto Innovation. "Thi
Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation", "Onto", or the "Company") today announced Dr. Stephen Schwartz has joined its board of directors. With over 25 years of leadership experience in high technology companies, Dr. Stephen Schwartz brings a strong background in technical leadership to Onto Innovation's board of directors. He currently serves as president and chief executive officer of Azenta, Inc., formerly Brooks Automation, Inc., since October 2010. Brooks Automation was a leading provider of manufacturing automation solutions for the semiconductor industry and life sciences. In February 2022, under Dr. Schwartz's leadership, Brooks Automation separated its business into t
NEW YORK, Oct. 13, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the opening of trading on Wednesday, October 18: Lululemon Athletica Inc. (NASD:LULU) will replace Activision Blizzard Inc. (NASD:ATVI) in the S&P 500. S&P 500 and S&P 100 constituent Microsoft Corp. (NASD: MSFT) acquired Activision Blizzard in a transaction completed today, October 13. S&P MidCap 400 constituent Hubbell Inc. (NYSE:HUBB) will replace Organon & Co. (NYSE:OGN) in the S&P 500, S&P SmallCap 600 constituent Onto Innovation Inc. (NYSE:ONTO) will replace Hubbell in the S&P MidCap 400, and Organon & Co will re
Company thanks retiring CFO Steven Roth for 26 years of outstanding service Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced the appointment of Mark Slicer to succeed Steve Roth as Onto Innovation's chief financial officer. Mr. Slicer will oversee the company's global finance organization, including finance, accounting and reporting, tax, treasury and informational technology and will report to Mike Plisinski, chief executive officer. He joins Onto Innovation with nearly 29 years of extensive financial leadership experience with global public companies, spanning corporate finance, accounting and reporting, strategic planning, global supply cha
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Record quarterly revenue boosted by growth in advanced nodes Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the first quarter of 2025. First Quarter Financial Highlights Record revenue of $267 million, marking the seventh consecutive quarter of growth. GAAP gross margin of 54% and non-GAAP gross margin of 55%. GAAP operating income of $63 million and non-GAAP operating income of $76 million. GAAP diluted earnings per share of $1.30; non-GAAP diluted earnings per share of $1.51. Record cash from operations of $92 million, or 35% of revenue. First Quarter Business Highlights Advanced nodes revenue doubled qu
Onto Innovation Inc. (NYSE:ONTO) will release its 2025 first quarter results shortly after the market closes on May 8, 2025. Onto Innovation will host a conference call and audio webcast in connection with its release of the financial results. Michael P. Plisinski, chief executive officer, and Mark Slicer, chief financial officer, will host the call. The call will take place: Thursday, May 8, 2025, at 4:30 p.m. (ET) To participate in the call, please dial (888) 256-1007 or international: +1 (929) 477-0448 and reference conference ID 6607568 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available on the Company's website at www.ontoinnovation.com.
Record quarterly revenue with full year revenue growth of 21% Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the fourth quarter and full year 2024. 2024 Fourth Quarter Financial Highlights Record revenue of $264 million led by advanced nodes and advanced packaging markets, delivering sixth consecutive quarter of growth. GAAP gross margin of 50% and non-GAAP gross margin of 55%, excluding acquisition and restructuring-related charges. GAAP operating income of $42 million and non-GAAP operating income of $75 million. GAAP net income of $49 million and non-GAAP net income of $75 million. GAAP diluted earni
Onto Innovation Inc. (NYSE:ONTO) will release its 2024 fourth quarter and full year results shortly after the market closes on February 6, 2025. Onto Innovation will host a conference call and audio webcast in connection with its release of the financial results. Michael P. Plisinski, chief executive officer, and Mark Slicer, chief financial officer, will host the call. The call will take place: Thursday, February 6, 2025, at 4:30 p.m. (ET) To participate in the call, please dial (888) 394-8218 or international: +1 (646) 828-8193 and reference conference ID 1186967 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available on the Company's website
Solid execution drives revenue, gross margin and EPS in the upper half of guidance Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the third fiscal quarter of 2024. Third Quarter Financial Highlights Revenue of $252 million led by a recovery in advanced nodes and continued strength in advanced packaging supporting strong AI demand. GAAP gross margin 54% and non-GAAP gross margin of 55%. GAAP operating income of $53 million and non-GAAP operating income of $70 million. GAAP net income of $53 million and non-GAAP net income of $66 million. GAAP diluted earnings per share of $1.07 and non-GAAP diluted earnings per
Onto Innovation Inc. (NYSE:ONTO) will release its 2024 third quarter results shortly after the market closes on October 31, 2024. Onto Innovation will host a conference call and audio webcast in connection with its release of the financial results. Michael P. Plisinski, chief executive officer, and Mark Slicer, chief financial officer, will host the call. The call will take place: Thursday, October 31, 2024, at 4:30 p.m. (ET) To participate in the call, please dial (888) 204-4368 or international: +1 (646) 828-8193 and reference conference ID 9129765 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available on the Company's website at www.ontoinnov
Strong demand for AI packaging and orders for emerging gate-all-around nodes drive revenue above high end of guidance Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the second fiscal quarter of 2024. Second Quarter Financial Highlights Revenue of $242 million, exceeding the high end of guidance, driven by additional pilot line expansions for high-performance computing using gate-all-around transistor architecture and high bandwidth memory (HBM) supporting AI market growth. GAAP gross margin and non-GAAP gross margin of 53%. GAAP operating income of $49 million and GAAP net income of $53 million. Non-GAAP o
Onto Innovation Inc. (NYSE:ONTO) will release its 2024 second quarter results shortly after the market closes on August 8, 2024. Onto Innovation will host a conference call and audio webcast in connection with its release of the financial results. Michael P. Plisinski, chief executive officer, and Mark Slicer, chief financial officer, will host the call. The call will take place: Thursday, August 8, 2024, at 4:30 p.m. (ET) To participate in the call, please dial (888) 394-8218 or international: +1 (646) 828-8193 and reference conference ID 7606226 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available on the Company's website at www.ontoinnova
Process control equipment for AI packaging drives revenue to high end of guidance Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the first fiscal quarter of 2024. First Quarter Financial Highlights Revenue of $229 million, driven by customer capacity expansions for high-performance computing (HPC) and high bandwidth memory (HBM) supporting AI market growth. GAAP gross margin and non-GAAP gross margin of 52%. GAAP operating income of $43 million and GAAP net income of $47 million. Non-GAAP operating income of $57 million and non-GAAP net income of $58 million. GAAP diluted earnings per share of $0.94 and
Onto Innovation Inc. (NYSE:ONTO) will release its 2024 first quarter results shortly after the market closes on May 9, 2024. Onto Innovation will host a conference call and audio webcast in connection with its release of the financial results. Michael P. Plisinski, chief executive officer, and Mark Slicer, chief financial officer, will host the call. The call will take place: Thursday, May 9, 2024, at 4:30 p.m. (ET) To participate in the call, please dial (888) 256-1007 or international: +1 (929) 477-0448 and reference conference ID 7501855 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available on the Company's website at www.ontoinnovation.co
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Jefferies downgraded Onto Innovation from Buy to Hold and set a new price target of $110.00
Cantor Fitzgerald downgraded Onto Innovation from Overweight to Neutral and set a new price target of $135.00
Cantor Fitzgerald initiated coverage of Onto Innovation with a rating of Overweight and set a new price target of $250.00
Oppenheimer initiated coverage of Onto Innovation with a rating of Outperform and set a new price target of $260.00
Needham upgraded Onto Innovation from Hold to Buy
Jefferies initiated coverage of Onto Innovation with a rating of Buy and set a new price target of $265.00 from $190.00 previously
B. Riley Securities reiterated coverage of Onto Innovation with a rating of Buy and set a new price target of $250.00 from $235.00 previously
Evercore ISI initiated coverage of Onto Innovation with a rating of Outperform and set a new price target of $235.00
Needham downgraded Onto Innovation from Buy to Hold
Jefferies initiated coverage of Onto Innovation with a rating of Buy and set a new price target of $100.00