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Onto Innovation Inc. - ONTO STOCK NEWS

Welcome to our dedicated news page for Onto Innovation (Ticker: ONTO), a resource for investors and traders seeking the latest updates and insights on Onto Innovation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Onto Innovation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Onto Innovation's position in the market.

News
Onto Innovation Debuts Sub-surface Defect Inspection for Advanced Packaging
Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) has introduced a new sub-surface inspection capability for the Dragonfly® G3 inspection system, allowing 100% wafer inspection for critical defects. This technology targets high bandwidth memory (HBM), advanced logic, and specialty segments, enhancing yield and cost savings. The market for inspection products supporting wafer level packaging is projected to grow significantly, driven by advanced node technologies like HBM and AI applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.12%
Tags
none
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News
Onto Innovation to Report First Quarter 2024 Financial Results on May 9, 2024
Rhea-AI Summary
Onto Innovation Inc. (ONTO) will announce its 2024 first quarter results on May 9, 2024. The conference call will be hosted by CEO Michael P. Plisinski and CFO Mark Slicer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
conferences earnings
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News
Onto Innovation Announces Investor Relations Transition Plan
Rhea-AI Summary
Michael Sheaffer, the current investor relations head at Onto Innovation Inc., is set to retire in July 2024. Sidney Ho is appointed as his successor after a successful search. Sheaffer, 74, joined in 2017 and played a crucial role in growing revenues 3X. Ho, with over 20 years of sell-side equity research experience, aims to enhance investor relations and communication strategies for long-term value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
none
News
Onto Innovation Welcomes Susan Lynch to its Board of Directors
Rhea-AI Summary
Onto Innovation Inc. announced Susan Lynch joining its board of directors, bringing 30 years of high technology leadership experience. Lynch's financial expertise from V2X, Sungard, Hitachi, Raytheon, and Honeywell adds value. Her appointment aims to enhance Onto Innovation's strategic direction and growth in the semiconductor industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
management
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News
Onto Innovation’s 4Di InSpec™ Automated Metrology System Receives 2024 Innovative System of the Year Award from FANUC America
Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) and 4D Technology win FANUC America's 2024 Innovative System of the Year award for the 4Di InSpec automated metrology system. The system enhances quality and reduces rework for aerospace components, improving aviation safety standards. It offers automated surface defect and feature metrology using patented technology, providing micrometer-level resolution. The system was delivered to leading aerospace engine manufacturers in 2023, demonstrating the potential to reduce scrap and rework by up to 40%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
none
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News
Onto Innovation Reports 2023 Fourth Quarter and Full Year Results
Rhea-AI Summary
Onto Innovation Inc. reported fourth quarter revenue of $219 million, exceeding the high end of the guidance range. The company also achieved record quarterly cash from operations and set a new record of $503 million full-year revenue from specialty and advanced packaging markets. The company's full year GAAP diluted earnings per share was $2.46, and non-GAAP diluted earnings per share was $3.73. Onto Innovation provided first quarter 2024 revenue guidance in the range of $215 to $230 million, with GAAP diluted earnings per share expected to be in the range of $0.74 to $0.94, and non-GAAP diluted earnings per share expected to be in the range of $1.00 to $1.20.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.26%
Tags
none
News
Onto Innovation Debuts Firefly® G3 Panel-level Packaging Inspection System
Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) has announced the launch of the Firefly G3 inspection and metrology system for automated process control during high volume production of panel-level substrates. The system aims to support next generations of glass and copper clad laminate (CCL) with unique inspection and metrology capabilities. The market for high performance compute servers supporting applications in AI is expected to grow over 25% CAGR through 2028, contributing to the demand for panel-level technologies. The Firefly G3 system, combined with Onto's Clearfind technology and TrueADC software, aims to replace multiple tools and operators used for defect review and classification, enabling customers to improve yields and increase panel substrate throughput.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
none
-
News
Onto Innovation to Report Fourth Quarter and Full Year 2023 Financial Results on February 8, 2024
Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) will release its 2023 fourth quarter and full year results on February 8, 2024. The company will host a conference call and audio webcast with CEO Michael P. Plisinski and CFO Mark Slicer. To participate, dial (888) 256-1007 or international: +1 (929) 477-0448 and reference conference ID 7036289. A live webcast will be available on the Company’s website at www.ontoinnovation.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
conferences earnings
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News
Onto Innovation to Participate in 26th Annual Needham Growth Conference
Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) announced CEO Michael Plisinski and CFO Mark Slicer's participation in the 26th Annual Needham Growth Conference on January 17-18, 2024. Plisinski will present at 12:45 p.m. ET on Thursday, January 18. The live webcast and presentation materials will be available on the company's website. Onto Innovation will also be accessible for one-on-one meetings during the conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
conferences
News
Onto Innovation Reports 2023 Third Quarter Results
Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) announced Q3 2023 financial results, with revenue of $207 million, GAAP gross margin of 52%, and GAAP net income of $36 million. Specialty and advanced packaging grew 19%, setting a new quarterly record of $135 million. Dragonfly® G3 shipments to support AI packaging increased over 50% above the prior quarter. The company is optimistic for the continuation of this trend into 2024 based on recent Gartner data forecasting AI processor unit growth to more than double in 2024 followed by another 85% growth in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.14%
Tags
earnings
Stock ONTO logo
Onto Innovation Inc.

NYSE:ONTO

ONTO Rankings

#831 Ranked by Market Cap
#230 Ranked by Stock Gains
N/A Ranked by Dividends

ONTO Stock Data

9.06B
48.73M
0.72%
101.4%
2.56%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States
Wilmington

About ONTO

onto innovation is a leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that include: un-patterned wafer quality; 3d metrology spanning chip features from nanometer scale transistors to large die interconnects; macro defect inspection of wafers and packages; metal interconnect composition; factory analytics; and lithography for advanced semiconductor packaging. our breadth of offerings across the entire semiconductor value chain helps our customers solve their most difficult yield, device performance, quality, and reliability issues. onto innovation strives to optimize customers’ critical path of progress by making them smarter, faster and more efficient. headquartered in wilmington, massachusetts, onto innovation supports customers with a worldwide sales and service organization. we are traded on the new york stock exchange under the symbol onto.