Onto Innovation Inc - ONTO STOCK NEWS

Onto Innovation has appointed Karen Rogge to its board of directors. With extensive experience in finance and operations, Rogge has held notable positions, including interim CFO at Applied Micro Circuits and CFO at Extreme Networks. Her history includes leadership roles at Hewlett Packard and a successful tenure at Kemet Corporation, contributing to its $1.8 billion acquisition. The board anticipates her strategic insights will enhance Onto's market position as the company aims for growth in the semiconductor industry.

Onto Innovation Inc. (NYSE: ONTO) reported a 50% growth in unit volumes of its Dragonfly inspection system in H1 2021, with expectations of a 70% compound annual growth rate (CAGR) from 2018 to 2021. The company’s Dragonfly G3 platform has attracted tier 1 customers, enhancing sensitivity and throughput. This innovation is pivotal for the semiconductor industry, particularly in 5G and AI applications. Onto Innovation aims to solve complex challenges in process control and yield improvement, further solidifying its market presence.

Onto Innovation (NYSE: ONTO) announced CEO Michael Plisinski and Senior Director Michael Sheaffer will attend the Jefferies Virtual Semiconductor Summit from August 31 to September 1, 2021. They are scheduled for one-on-one meetings on September 1, from 8:00 a.m. to 3:30 p.m. Central Time. Onto Innovation is recognized for its expertise in process control technologies, including wafer quality and defect inspection, helping customers enhance yield and device performance across the semiconductor value chain.

Onto Innovation announced its Q2 2021 financial results, reporting revenue of $193 million, a 43% increase year-over-year and a 14% sequential growth. Gross margin improved to 55%. Key drivers included a 45% rise in specialty device revenue and substantial demand for inspection systems. Noteworthy is the $76 million year-to-date cash flow from operations. The company anticipates Q3 revenue between $190 million and $200 million, with net income per diluted share expected to range from $0.62 to $0.76.

Onto Innovation Inc. (NYSE: ONTO) announced its participation in two upcoming investor conferences. The B. Riley Securities Live Summer Summit is scheduled for August 18, 2021, from 7 a.m. to 11:35 a.m. PT in Santa Monica, California. Additionally, the Second Annual Needham Virtual SemiCap and EDA Conference will occur on August 24, 2021, offering one-on-one meetings throughout the day. Onto Innovation specializes in advanced semiconductor technologies, focusing on process control and yield optimization for customers globally.

Onto Innovation is set to announce its Q2 2021 financial results on August 5, 2021, after market close. The announcement will be accompanied by a live conference call at 4:30 p.m. ET, hosted by CEO Michael P. Plisinski and CFO Steven R. Roth. Investors can participate via telephone or listen to the live webcast on the company’s website. A replay of the call will be available from 7:30 p.m. ET on the release day until August 12, 2021. Onto Innovation leads in process control technology for the semiconductor industry, enhancing yield, performance, and reliability for clients.

Onto Innovation (NYSE: ONTO) announced that CFO Steven R. Roth will retire in 2022 after ensuring a smooth transition to his successor. Roth, who joined Rudolph Technologies in 1996, has contributed significantly to Onto's establishment and growth as the fourth largest wafer fabrication equipment company in the U.S. CEO Mike Plisinski praised Roth's impact on the company's strategic positioning in the semiconductor industry. Onto Innovation continues to focus on enhancing its portfolio of technologies to meet customer needs across the semiconductor value chain.

Onto Innovation has joined the Responsible Business Alliance (RBA) as an Affiliate Member, underscoring its commitment to sustainable business practices. This coalition aims to enhance social, environmental, and ethical conditions in global supply chains. Onto Innovation is aligning its operations with the RBA Code of Conduct while encouraging its suppliers to adopt similar standards. CEO Mike Plisinski emphasized this membership as a significant step toward improving worker rights and environmental protection.

Onto Innovation Inc. (NYSE: ONTO) announced participation in several upcoming virtual investor conferences. Notable events include: Needham’s 16th Annual Virtual Technology & Media Conference on May 20, 2021, featuring a fireside chat at 3:00 p.m. ET; Cowen’s 2021 Virtual TMT Conference on June 2, 2021; and Stifel’s 2021 Cross Sector Insight Conference on June 9, 2021, with a fireside chat at 11:20 a.m. ET. Interested parties can schedule meetings through their representatives. Onto Innovation specializes in advanced semiconductor technologies, focusing on improving yield, performance, quality, and reliability.