Evercore ISI initiated coverage on Onto Innovation with a new price target
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Evercore ISI initiated coverage of Onto Innovation with a rating of Outperform and set a new price target of $235.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 2/9/2022 | $115.00 → $125.00 | Buy | B. Riley Securities |
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) 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
These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio? LPL Financial Holdings Inc. (NASDAQ:LPLA) shares tumbled 20.16%. The company announced that financial advisor Alex Williams, CFP, has joined its broker-dealer, RIA, and custodial platforms to launch a new independent practice, Stable Wealth. Advanced Micro Devices (NASDAQ:AMD) stock decreased 17.82%. Shares of semiconductor and hardware stocks are trading lower amid a selloff in the sector, which has gained this year amid AI momentum. Domino’s Pizza Inc (NYSE:DPZ) stock dived 17.78% after the company reported mixed Q2 results. Several analysts cut the price target on the stock.
Onto Innovation (NYSE:ONTO) has outperformed the market over the past 15 years by 10.38% on an annualized basis producing an average annual return of 22.52%. Currently, Onto Innovation has a market capitalization of $10.02 billion. Buying $1000 In ONTO: If an investor had bought $1000 of ONTO stock 15 years ago, it would be worth $21,240.70 today based on a price of $203.35 for ONTO at the time of writing. Onto Innovation's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automat
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SC 13G/A - ONTO INNOVATION INC. (0000704532) (Subject)
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
10-Q - ONTO INNOVATION INC. (0000704532) (Filer)
8-K - ONTO INNOVATION INC. (0000704532) (Filer)
10-Q - ONTO INNOVATION INC. (0000704532) (Filer)
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) ("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