Onto Innovation Inc. (ONTO) recently inked a $69 million volume purchase deal with a top DRAM manufacturer. The deal spans ONTO’s rich portfolio of common films, optical critical dimension and integrated metrology solutions. Apart from this, the company announced key advancements in its product suite for 3D interconnect process control, unveiling the 3Di technology on the Dragonfly G3 system and the new EchoScan system.ONTO’s relentless efforts to stay on top of the game with lucrative deal wins and signifi ...

Onto Innovation (ONTO) closed the latest trading day at $193.56, indicating a +0.61% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 1.11%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, lost 1.89%.Prior to today's trading, shares of the maker of semiconductor manufacturing equipment had gained 13.85% over the past month. This has outpaced the Computer and Technology sector's gain of 1.83% and the S&P 500's loss of 1.7% in that time.Ma ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Onto Innovation, and emphasizes the importance of using independent research tools like the Zacks Rank for making investment decisions [1][11]. Brokerage Recommendations - Onto Innovation has an average brokerage recommendation (ABR) of 1.14, indicating a strong buy to buy sentiment, with 85.7% of recommendations being Strong Buy and 14.3% being Buy [12]. - Brokerage analysts tend to exhibit a strong positive bias in their recommendations, often leading to an overestimation of stock performance [2][6]. Zacks Rank vs. ABR - The Zacks Rank is a quantitative model based on earnings estimate revisions, providing a more reliable indicator of near-term stock performance compared to the ABR, which is solely based on brokerage recommendations [4][5]. - The Zacks Rank is timely and reflects the latest earnings estimates, while the ABR may not always be up-to-date [8]. Onto Innovation's Earnings Estimates - The Zacks Consensus Estimate for Onto Innovation's earnings for the current year is $5.22, which has remained unchanged over the past month, suggesting stable analyst views on the company's earnings prospects [9]. - Due to the unchanged consensus estimate and other factors, Onto Innovation holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the positive ABR [10].

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Over the summer, I felt that rosy prospects for Onto Innovation (NYSE: ONTO ) were aggressively priced into the stock. The semiconductor process control company delivers on better yields, performa ...

Onto Innovation Inc. (ONTO) reported third-quarter 2024 earnings of $1.34 per share, which beat the Zacks Consensus Estimate by 2.3%. The bottom line compared favorably with the prior-year quarter's 96 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $252 million beat the Zacks Consensus Estimate by 0.7%. The top line expanded 21.7% year over year, driven by advanced nodes recovery and steady growth in advanced packaging technologies, which are critical in supportin ...

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 Qua ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.29%. A quarter ago, it was expected that this maker of semiconductor manufacturing equipment would post earnings of $1.19 per share when it actually produced earnings of $1.32, delivering a surprise of 10.92%.Ove ...

EXHIBIT 99.1 Onto Innovation Reports 2024 Third Quarter Results Solid execution drives revenue, gross margin and EPS in the upper half of guidance Wilmington, Mass., October 31, 2024 – 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. • GA ...

Onto Innovation (ONTO) is set to report earnings for the third quarter of 2024 on Oct. 31, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for third-quarter earnings per share (EPS) has been steady at $1.31 in the past 60 days, suggesting growth of 36.5% from the year-ago quarter’s figure. The company expects non-GAAP EPS in the $1.25-$1.35 range.The consensus mark for revenues is pegged at $250.5 million, indicating a rise of 20.9 ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Onto Innovation (ONTO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Onto Innovation is one of 620 individual stocks i ...