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 |
|---|---|---|---|
| 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 |
| 1/18/2022 | $100.00 → $115.00 | Buy | Needham |
| 1/14/2022 | $100.00 → $125.00 | Buy | Stifel |
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
Customers and collaborators will have early access to next-generation glass substrate tools and software solutions to accelerate panel-level packaging R&D Onto Innovation Inc. (NYSE:ONTO) today announced the opening of the company's Packaging Applications Center of Excellence (PACE), a first-of-its-kind facility in the U.S. dedicated to panel-level packaging (PLP) innovations enabling 2.5D and 3D chiplet architectures and AI packages. Collaborating partners represent key process steps across the supply chain, ranging from panel package and IC substrate manufacturers to process equipment and material suppliers. Collaborators include: ASMPT, Corning, Evatec, Lam Research, LPKF Laser & Elect
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: Needham 5th Annual Virtual Semiconductor & SemiCap 1x1 Conference on August 22. Evercore ISI 2024 Semiconductor, IT Hardware & Networking Conference at the Omni Chicago in Chicago, Illinois, on August 27. Jefferies Semiconductor, IT Hardware & Communications Technology Conference at the Four Seasons Chicago in Chicago, Illinois, on August 28. Benchmark 2024 Tech, Media & Telecom Conference at the New York Athletic Club in New York, New York, on September 4. Citi 2024 Global TMT Conference at the L
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
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
Onto's JetStep® lithography and Firefly® G3 inspection systems offer a powerful solution as the industry pursues glass core panel transition Onto Innovation Inc. (NYSE:ONTO) today announced Onto Innovation's glass substrate suite featuring the JetStep® X500 panel-level packaging lithography system with hybrid substrate handling capabilities and the Firefly® G3 sub-micron automatic metrology and inspection system for panel-level packaging and advanced IC substrates (AICS). The JetStep X500 and Firefly G3 systems offer customers a complete panel-level packaging solution supporting heterogeneous integration (HI) chiplet packages for AI, high performance compute and cloud computing. The AICS
Onto will exhibit at SEMICON West July 9-11 at Booth 633 in the South Hall of Moscone Center Onto Innovation Inc. (NYSE:ONTO) today announced it will be exhibiting at SEMICON West on July 9-11, 2024. Onto Innovation invites customers to booth 633 to learn about the Company's latest portfolio of integrated process and process control solutions being used to support its customers' ramp of AI products. Onto will feature a selection of its latest technologies helping to enable advanced packaging, including lithography for next generation AI and chiplet designs employing cutting edge panel-level production technologies (CCL and glass handling) and unique 3D metrology and inspection capabilitie
SC 13G/A - ONTO INNOVATION INC. (0000704532) (Subject)
SC 13G/A - ONTO INNOVATION INC. (0000704532) (Subject)
SC 13G/A - ONTO INNOVATION INC. (0000704532) (Subject)
SC 13G/A - ONTO INNOVATION INC. (0000704532) (Subject)
SC 13G/A - ONTO INNOVATION INC. (0000704532) (Subject)
SC 13G/A - ONTO INNOVATION INC. (0000704532) (Subject)
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
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
3 - ONTO INNOVATION INC. (0000704532) (Issuer)
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
4 - ONTO INNOVATION INC. (0000704532) (Issuer)
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
Fourth quarter revenue of $219 million exceeded high end of guidance range Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the fourth quarter and full year 2023. 2023 Fourth Quarter Financial Highlights Quarterly revenue of $219 million, exceeding high end of guidance to support stronger than anticipated orders for the Dragonfly® inspection system. Quarterly GAAP operating income of $28 million and GAAP net income of $30 million. Quarterly non-GAAP operating income of $56 million and non-GAAP net income of $52 million. GAAP diluted earnings per share of $0.61 and non-GAAP diluted earnings per share of $1.06
Onto Innovation Inc. (NYSE:ONTO) will release its 2023 fourth quarter and full year results shortly after the market closes on February 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, February 8, 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 7036289 at least five (5) minutes prior to the scheduled start time. A live webcast will also be available on the Company's website
Onto Innovation Inc. (NYSE:ONTO) ("Onto Innovation," "Onto," or the "Company") today announced financial results for the third fiscal quarter of 2023. Third Quarter Financial Highlights Revenue of $207 million was impacted by approximately $10 million as a result of two delayed lithography system shipments to chiplet substrate manufacturers. GAAP gross margin and non-GAAP gross margin of 52%. GAAP operating income of $34 million and GAAP net income of $36 million. Non-GAAP operating income of $50 million and non-GAAP net income of $48 million. GAAP diluted earnings per share of $0.73 and non-GAAP diluted earnings per share of $0.96. Third Quarter Business Highlights S
Onto Innovation Inc. (NYSE:ONTO) will release its 2023 third quarter results shortly after the market closes on November 9, 2023. 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, November 9, 2023, 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 8377881 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.ontoinn
10-Q - ONTO INNOVATION INC. (0000704532) (Filer)
8-K - ONTO INNOVATION INC. (0000704532) (Filer)
10-Q - ONTO INNOVATION INC. (0000704532) (Filer)
8-K - ONTO INNOVATION INC. (0000704532) (Filer)
8-K - ONTO INNOVATION INC. (0000704532) (Filer)
SD - ONTO INNOVATION INC. (0000704532) (Filer)
8-K - ONTO INNOVATION INC. (0000704532) (Filer)
10-Q - ONTO INNOVATION INC. (0000704532) (Filer)
8-K - ONTO INNOVATION INC. (0000704532) (Filer)
ARS - ONTO INNOVATION INC. (0000704532) (Filer)
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
B. Riley Securities reiterated coverage of Onto Innovation with a rating of Buy and set a new price target of $125.00 from $115.00 previously
Needham reiterated coverage of Onto Innovation with a rating of Buy and set a new price target of $115.00 from $100.00 previously
Stifel resumed coverage of Onto Innovation with a rating of Buy and set a new price target of $125.00 from $100.00 previously
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
Shares of ASLAN Pharmaceuticals Limited (NASDAQ:ASLN) fell sharply during Wednesday's session after the company announced that its Singapore-incorporated, sole operating subsidiary has filed for voluntary liquidation. ASLAN Pharmaceuticals shares dipped 38.7% to $0.68 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Aptevo Therapeutics Inc. (NASDAQ:APVO) shares climbed 84% to $0.6073 after surging around 10% on Tuesday. Aptevo Therapeutics recently announced closing of $2.75 million offering. Shimmick Corporation (NASDAQ:SHIM) shares climbed 49% to $3.0173 after the company received a $27.6 million subcontract for the Sunol Valley Water Trea
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Onto Innovation (NYSE:ONTO) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 3 1 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $257.5, a high estimate of $280.00, and a low estimate of $230.00. This current ave
Stifel analyst Brian Chin maintains Onto Innovation (NYSE:ONTO) with a Buy and raises the price target from $240 to $270.
Onto Innovation (NYSE:ONTO) has outperformed the market over the past 15 years by 12.96% on an annualized basis producing an average annual return of 25.8%. Currently, Onto Innovation has a market capitalization of $11.25 billion. Buying $1000 In ONTO: If an investor had bought $1000 of ONTO stock 15 years ago, it would be worth $31,530.99 today based on a price of $228.39 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 automate
Onto Innovation's (NYSE:ONTO) short percent of float has risen 7.14% since its last report. The company recently reported that it has 1.63 million shares sold short, which is 4.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.08 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
7 analysts have expressed a variety of opinions on Onto Innovation (NYSE:ONTO) over the past quarter, offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 3 1 0 0 0 3M Ago 1 1 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $246.43, a high estimate of $280.00, and a low estimate of $215.00. This curren
B. Riley Securities analyst Craig Ellis maintains Onto Innovation (NYSE:ONTO) with a Buy and raises the price target from $250 to $280.