Onto Innovation (ONTO) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. ...

The Nanotechnology industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 97, positioning it in the top 39% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The upcoming earnings release of Onto Innovation will be of great interes ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Onto Innovation currently has an average brokerage recommendation (ABR) of 1.33, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.33 approxim ...

The stock is trading 4.5% below its 52-week high of $238.13, suggesting further upside potential. With healthy fundamentals and strong growth opportunities, this Zacks Rank #1 (Strong Buy) stock appears to be a solid investment option at the moment. Apart from a favorable rank, ONTO has a Growth Score of B. Per Zacks' proprietary methodology, stocks with a combination of a Zacks Rank #1 or 2 (Buy) and a Growth Score of A or B offer solid investment opportunities. Factors Driving Growth Onto Innovation's per ...

Onto Innovation (ONTO) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this maker of semiconductor manufacturing equipment reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a stro ...

Onto Innovation Inc (ONTO) reported first-quarter 2024 earnings of $1.18 per share, which beat the Zacks Consensus Estimate by 7.3%. The bottom line increased 28.3% year over year.Revenues of $228.8 million beat the Zacks Consensus Estimate by 2.9%. The top line increased 14.9% year over year. The uptick can be mainly attributed to customer capacity expansions for high-performance computing and high bandwidth memory supporting AI market growth.Revenues also came in within the company’s guided range of $215- ...

That would be an enabling feature, yes. But they'd also have to have then the volumes to justify moving from wafer to panel because it's significant what is, yeah. Hi, thanks for taking my question. I wanted to double-click on the advanced packaging trajectory that you talked about in terms of orders. Could you remind us like what's going on with the lead times are they the same three to six months kind of lead times for your Dragonfly inspection products? Got it. So when you talk about the second half and ...

Onto Innovation (ONTO) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.27%. A quarter ago, it was expected that this maker of semiconductor manufacturing equipment would post earnings of $0.99 per share when it actually produced earnings of $1.06, delivering a surprise of 7.07%.Over ...

ONTO Innovation (ONTO) is set to report first-quarter 2024 results on May 9. The Zacks Consensus Estimate for first-quarter earnings per share (EPS) has been steady at $1.10 over the past 30 days, suggesting an increase of 19.6% from the year-ago quarter’s reported figure. The company expects non-GAAP EPS in the range of $1.00-$1.20. Meanwhile, the consensus mark for revenues is pegged at $222.5 million, indicating a rise of 11.7% from the year-earlier quarter’s reported figure. Management expects revenues ...

Onto Innovation (ONTO) recently introduced cutting-edge sub-surface inspection capability for its Dragonfly G3 2D/3D inspection and metrology platform. This innovative capability allows whole wafer inspection by identifying critical defects that have the potential to affect yield and disrupt subsequent processing stages.As the industry shifts towards thinner and multi-layer wafer structures or “die bonding”, the sub-surface defects are riskier than before due to the reduced thickness of bonded layers. This ...