Onto Innovation Surges With AI Tailwinds, Yet Steep Valuation Suggest Overreach [Seeking Alpha]
Onto Innovation Inc. (ONTO)
Last onto innovation inc. earnings: 2/6 04:05 pm
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Source: Seeking Alpha
Onto Innovation Inc. specializes in metrology and inspection tools for semiconductor manufacturing, crucial for both front-end and back-end processes. Strong quarterly performance with net revenue up 27%, driven by AI demand and the Dragonfly G3 system, boosting operating income and margins. Despite robust financials, Onto's valuation metrics indicate overpricing compared to peers, with a forward EPS growth rate not justifying the premium. Given the high valuation and growth rate concerns, I rate Onto Innovation stock as a sell. sefa ozel Onto Innovation Inc. ( NYSE: ONTO ) specializes in process control tools in the semiconductor manufacturing space. Specifically, it holds deep expertise in optical metrology and chip packaging, both of which are extremely crucial, especially in light of the current demand surge semiconductor This article was written by Weebler Finance Follower s Follow I specialize in analyzing individual stocks. With a strong educational backgro
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ONTO
News
- Onto Innovation Inc. (NYSE:ONTO) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Inc. (NYSE: ONTO) had its price target lowered by analysts at Jefferies Financial Group Inc. from $265.00 to $245.00. They now have a "buy" rating on the stock.MarketBeat
- Onto Innovation Inc. (NYSE: ONTO) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $230.00 price target on the stock.MarketBeat
- Onto Innovation Inc. (NYSE: ONTO) had its price target raised by analysts at Oppenheimer Holdings Inc. from $260.00 to $275.00. They now have an "outperform" rating on the stock.MarketBeat
- Onto Innovation Inc. (NYSE: ONTO) had its price target lowered by analysts at Needham & Company LLC from $245.00 to $230.00. They now have a "buy" rating on the stock.MarketBeat
ONTO
Earnings
- 10/31/24 - Beat
ONTO
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/28/24 - Form 4
- ONTO's page on the SEC website