Onto InnovationONTO
ONTO
About: Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Southeast Asia, China, Japan, and Europe, with Taiwan and South Korea the largest sources of total revenue.
Employees: 1,520
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more call options, than puts
Call options by funds: $46.4M | Put options by funds: $23.2M
17% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 76
3% more funds holding
Funds holding: 501 [Q2] → 514 (+13) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 181
3.23% less ownership
Funds ownership: 97.57% [Q2] → 94.33% (-3.23%) [Q3]
8% less capital invested
Capital invested by funds: $10.6B [Q2] → $9.68B (-$878M) [Q3]
47% less funds holding in top 10
Funds holding in top 10: 15 [Q2] → 8 (-7) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$230
38%
upside
Avg. target
$245
46%
upside
High target
$275
64%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Oppenheimer Edward Yang 29% 1-year accuracy 2 / 7 met price target | 64%upside $275 | Outperform Maintained | 17 Dec 2024 |
Jefferies Blayne Curtis 50% 1-year accuracy 24 / 48 met price target | 46%upside $245 | Buy Maintained | 1 Nov 2024 |
Benchmark Mark Miller 33% 1-year accuracy 13 / 39 met price target | 38%upside $230 | Buy Reiterated | 1 Nov 2024 |
Needham Charles Shi 31% 1-year accuracy 24 / 78 met price target | 38%upside $230 | Buy Maintained | 1 Nov 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 month ago
Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Negative
Seeking Alpha
1 month ago
Onto Innovation: A Much Anticipated Setback Arrived
Onto Innovation has seen sequential revenue growth this year, but the performance still lags compared to 2022. Shares have tripled in the meantime, driven by AI-excitement, but have come down since the summer. Sequential growth, interesting M&A action and a pullback increase appeal, but do not make shares necessarily appealing yet.
Positive
Zacks Investment Research
1 month ago
Onto Innovation's Q3 Earnings & Revenues Beat, Up Y/Y on Solid Demand
ONTO's Q3 2024 performance gains from continued momentum across all segments, including higher demand for its Dragonfly platform.
Neutral
Seeking Alpha
1 month ago
Onto Innovation Inc. (ONTO) Q3 2024 Earnings Call Transcript
Onto Innovation Inc. (NYSE:ONTO ) Q3 2024 Earnings Conference Call October 31, 2024 4:30 PM ET Company Participants Sidney Ho - Investor Relations Michael Plisinski - Chief Executive Officer Mark Slicer - Chief Financial Officer Conference Call Participants Brian Chin - Stifel Vedvati Shrotre - Evercore ISI Edward Yang - Oppenheimer Charles Shi - Needham Mark Miller - The Benchmark Company David Duley - Steelhead Securities Operator Ladies and gentlemen, good day, and welcome to the Onto Innovation Third Quarter Earnings Release Conference Call. Today's conference is being recorded.
Positive
Zacks Investment Research
1 month ago
Onto Innovation (ONTO) Q3 Earnings and Revenues Beat Estimates
Onto Innovation (ONTO) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $0.96 per share a year ago.
Neutral
Business Wire
1 month ago
Onto Innovation Reports 2024 Third Quarter Results
WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--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. GAA.
Neutral
Business Wire
1 month ago
Onto Innovation Announces “Tuck-In” Acquisition of Lumina Instruments, Inc. and Lithography Business of Kulicke and Soffa
WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--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 marketin.
Positive
Zacks Investment Research
1 month ago
Onto Innovation Set to Report Q3 Earnings: What's in Store?
ONTO's Q3 2024 performance is expected to have benefited from continued demand for its Dragonfly inspection system.
Negative
Zacks Investment Research
1 month ago
Are Computer and Technology Stocks Lagging Onto Innovation (ONTO) This Year?
Here is how Onto Innovation (ONTO) and CI&T Inc. (CINT) have performed compared to their sector so far this year.
Neutral
Zacks Investment Research
1 month ago
Onto Innovation (ONTO) Advances While Market Declines: Some Information for Investors
Onto Innovation (ONTO) closed at $204.39 in the latest trading session, marking a +0.74% move from the prior day.
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