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 6,823 funds
0
Analysts bullish %
of 5 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
25% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 71
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
2.78% less ownership
Funds ownership: 101.18% [Q2] → 98.4% (-2.78%) [Q3]
8% less capital invested
Capital invested by funds: $10.9B [Q2] → $10.1B (-$852M) [Q3]
47% less funds holding in top 10
Funds holding in top 10: 15 [Q2] → 8 (-7) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$230
6%
upside
Avg. target
$246
14%
upside
High target
$275
27%
upside
5 analyst ratings
5 positive
100%
0 neutral
0%
0 negative
0%
Cantor Fitzgerald Matthew Prisco 100% 1-year accuracy 6 / 6 met price target | 15%upside $250 | Overweight Initiated | 13 Jan 2025 |
Oppenheimer Edward Yang 71% 1-year accuracy 5 / 7 met price target | 27%upside $275 | Outperform Maintained | 17 Dec 2024 |
Jefferies Blayne Curtis 52% 1-year accuracy 24 / 46 met price target | 13%upside $245 | Buy Maintained | 1 Nov 2024 |
Benchmark Mark Miller 50% 1-year accuracy 19 / 38 met price target | 6%upside $230 | Buy Reiterated | 1 Nov 2024 |
Needham Charles Shi 37% 1-year accuracy 29 / 78 met price target | 6%upside $230 | Buy Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 10 articles about ONTO published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Onto Innovation (ONTO) Outperforms Broader Market: What You Need to Know
The latest trading day saw Onto Innovation (ONTO) settling at $216.59, representing a +1.68% change from its previous close.
Neutral
Business Wire
4 days ago
Onto Innovation to Report Fourth Quarter and Full Year 2024 Financial Results on February 6, 2025
WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--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.
Positive
Zacks Investment Research
5 days ago
ONTO Wins $69M DRAM Deal & Boosts 3D Process Control, Stock Rises 6%
Onto Innovation secures orders for 3Di technology on Dragonfly G3. The launch of Iris G2 expands the metrology suite for the $400 million critical films market.
Positive
Investors Business Daily
5 days ago
Investors Don't Waste Any Time Buying 7 Quantum Computing Stocks
Seeing how fast AI and anti-obesity drug stocks took off versus the S&P 500, investors aren't wasting any time jumping into quantum computing plays. The post Investors Don't Waste Any Time Buying 7 Quantum Computing Stocks appeared first on Investor's Business Daily.
Neutral
Business Wire
6 days ago
Onto Innovation Advances Process Control Suite for 3D Interconnect Yields
WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--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.
Neutral
Business Wire
6 days ago
Onto Innovation Receives Volume Purchase Agreement from a Leading DRAM Manufacturer for Metrology Product Suite
WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--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,.
Positive
Zacks Investment Research
1 week ago
Why the Market Dipped But Onto Innovation (ONTO) Gained Today
In the latest trading session, Onto Innovation (ONTO) closed at $193.56, marking a +0.61% move from the previous day.
Neutral
Business Wire
2 weeks ago
Onto Innovation to Participate in 27th Annual Needham Growth Conference
WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--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 presenta.
Positive
Seeking Alpha
2 weeks ago
Onto Innovation: Strong Demand From Advanced Packaging Customers
Onto Innovation's Specialty Devices & Advanced Packaging segment drives growth, increasing its revenue share from 40% in 2020 to 67% in 2024, with a 34% annual growth rate. Strong demand from the power device market, particularly SiC power devices for EVs, boosts Onto's growth, supported by advanced metrology and inspection technologies. Onto's comprehensive product offerings and strategic acquisitions provide a competitive edge, with major advanced packaging customers like TSMC and Samsung expanding production, driving sustained demand.
Negative
Zacks Investment Research
3 weeks ago
Wall Street Analysts See Onto Innovation (ONTO) as a Buy: Should You Invest?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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