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Stock impact report

Onto Innovation (ONTO) Surges 43.4% Year to Date: Will the Rally Last? [Yahoo! Finance]

Onto Innovation Inc. (ONTO) 
Last onto innovation inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Improving financial performance has been aiding a good run on the trading front. The stock has gained 5.2% since the announcement of its first-quarter fiscal 2024 results on May 9. ONTO's earnings outpaced estimates in three of the trailing four quarters and missed the same in one, the average surprise being 2.6%. Image Source: Zacks Investment Research The stock is trading down 8% from its 52-week high of $238.13, indicating further upside potential. With healthy fundamentals and substantial growth opportunities, this Zacks Rank #1 (Strong Buy) company appears to be a solid investment option at the moment. Apart from a favorable rank, ONTO has a Momentum Score of A. Per Zacks' proprietary methodology, stocks with a Zacks Rank #1 or 2 (Buy) and a Momentum Score of A or B offer solid investment opportunities. Factors Driving Growth Onto Innovation's performance is gaining from increasing demand for its Dragonfly inspection system. Its Dragonfly G3 platform integrates 2D Show less Read more
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