14 June 2025 | 5:29PM HKT Greater China Semis: May: IC import/ export value +8.9%/ +33.4% YoY Apr-May data (Exhibits 1-4): IC import volume was +9.9% YoY in May 2025 (vs. +7.6% YoY in Apr 2025), and import value was +8.9% YoY (vs. 11.1% YoY in Apr 2025), implying IC import ASP was down 1% YoY in May 2025. IC (integrated circuits) production growth was +4.0% YoY in Apr 2025 (link), vs. +9.2% YoY in Mar 2025, showing a flattish production volume. On inventory, China's electronics sector DOI (days of inventory ...

Core Viewpoint - Onto Innovation Inc. reported better-than-expected first-quarter financial results but issued second-quarter guidance below analyst estimates [1][2]. Financial Performance - Quarterly earnings were $1.51 per share, exceeding the analyst consensus estimate of $1.47 per share [1]. - Quarterly sales reached $267.00 million, surpassing the analyst consensus estimate of $266.30 million [1]. Future Guidance - The company expects second-quarter adjusted earnings to be between $1.21 and $1.35 per share, compared to analysts' estimates of $1.50 per share [2]. - Sales guidance for the second quarter is projected to be between $240.00 million and $260.00 million, while analysts expected $269.10 million [2]. Market Reaction - Following the earnings announcement, Onto Innovation shares fell by 29.1%, trading at $89.90 [3]. Analyst Ratings - Needham analyst Charles Shi maintained a Buy rating but lowered the price target from $230 to $150 [5]. - Benchmark analyst Mark Miller also maintained a Buy rating, reducing the price target from $230 to $190 [5].

Onto Innovation’s (ONTO) shares have lost 12.8% in the past month, which is narrower than the Nanotechnology industry’s decline of 14.2%. Over the same time frame, the Zacks Computer and Technology sector and the S&P 500 composite have registered declines of 6.7% and 4.9%, respectively. Escalating trade tensions and tariff troubles have been a drag on the overall market performance.  Price performanceImage Source: Zacks Investment ResearchONTO stock inched up 0.3% in the last trading session and closed at $ ...