Onto Innovation (ONTO) is set to report results for the second quarter of 2024 on Aug 8. The Zacks Consensus Estimate for second-quarter earnings per share (EPS) has been steady at $1.19 in the past 60 days, implying an increase of 50.6% from the year-ago quarter's figure. The company expects non-GAAP EPS in the range of $1.14-$1.26. Meanwhile, the consensus mark for revenues is pegged at $235.6 million, indicating a rise of 23.6% from the year-earlier quarter's actual. Management expects revenues in the ra ...

Shares of the maker of semiconductor manufacturing equipment witnessed a loss of 14.01% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 4.62% and the S&P 500's loss of 0.21%. For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.05 per share and a revenue of $941.16 million, signifying shifts of +35.39% and +15.36%, respectively, from the last year. Our research suggests that these changes in estimates have a direct relationsh ...

The maker of semiconductor manufacturing equipment's stock has dropped by 2.26% in the past month, falling short of the Computer and Technology sector's gain of 0.47% and the S&P 500's gain of 1.96%. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Onto Innovation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the comp ...

Prior to today's trading, shares of the maker of semiconductor manufacturing equipment had gained 4.48% over the past month. This has outpaced the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78% in that time. Any recent changes to analyst estimates for Onto Innovation should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's bu ...

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Onto Innovation curre ...

The AICS market is rapidly evolving, with difficulties for organic substrate redistribution layers (RDLs) using copper clad laminate (CCL) below 3µm. This is forcing manufacturers to use glass, which is a more stable substrate. The pressing need for manufacturers to manage both large glass core panels and the existing mature CCL-based organic substrates is unlocking new market potential for lithography tools competent in handling both substrate types. Apart from the lithography challenges, the production of ...

When it comes to the manufacturing of advanced semiconductors used in artificial intelligence (AI) systems, there is a little-known segment of the industry that acts as the gatekeeper: metrology equipment. A key to making more advanced chips Thus, think of metrology equipment as a type of final step in building AI systems, a type of gatekeeper to unlocking more powerful computing. Can the Onto party continue? Management is forecasting another step-up in revenue and profitability in Q2, with the high end of ...

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 ...