Onto Innovation Inc - ONTO STOCK NEWS

Onto Innovation Inc. (NYSE: ONTO) will announce its Q1 2021 financial results on April 29, 2021, after market close. The company will host a conference call at 4:30 p.m. ET featuring CEO Michael P. Plisinski and CFO Steven R. Roth. Interested parties can join by calling (800) 367-2403 or internationally at +1 (334) 777-6978 with conference ID 2203382. A live webcast will also be available on the company’s website. A replay of the call will be accessible from April 29 at 7:30 p.m. ET until May 6, 2021.

Onto Innovation (NYSE: ONTO) reported strong financial results for Q4 and full year 2020. Q4 revenue hit $155.1 million, a 23% increase from Q3, driven by a 100% increase in revenue from RF customers and new product acceptance in the semiconductor sector. Net income for Q4 was $19.9 million, or $0.40 per diluted share. The company achieved annual gross profit margin of 50% for 2020. Total revenue for the year was $556.5 million, up from $305.9 million in 2019. Looking forward, ONTO anticipates Q1 revenue between $155 million and $169 million.

Onto Innovation (NYSE: ONTO) will announce its Q4 and full year 2020 financial results after market close on February 4, 2021. A conference call featuring CEO Michael P. Plisinski and CFO Steven R. Roth will take place at 4:30 p.m. ET on the same day. Participants can join by calling (800) 437-2398 or via the live webcast on the company's website. A replay of the call will be available from 7:30 p.m. ET on February 4 until 7:30 p.m. ET on February 11, 2021.

Onto Innovation announced the launch of its Dragonfly® G3 inspection platform, tailored for advanced packaging and specialty device manufacturers. Following the delivery of the first unit to an OSAT partner in Q4 2020, orders are set for shipment to a CMOS image sensor manufacturer in Q1 2021. The new platform features improved optical resolution and a redesigned 3D metrology system, enhancing defect detection and measurement throughput. The Dragonfly G3 also incorporates AI-driven software, boosting classification accuracy by 30-50%. This positions Onto Innovation favorably in the competitive semiconductor market.

Onto Innovation Inc. (NYSE: ONTO) has expanded its participation at the 23rd Annual Needham Growth Conference, responding to high demand for one-on-one meetings. The company will webcast its presentation live on January 13, 2021, at 4:15 p.m. EST, featuring CEO Michael Plisinski and CFO Steven Roth. One-on-one meetings will also be scheduled during the conference, which runs from January 11 to 15, 2021. Presentation materials and webcasts will be available on the company’s investor relations page.

Onto Innovation Inc. (NYSE: ONTO) has acquired Inspectrology, LLC, a key player in overlay metrology for the compound semiconductor market, for a price representing 1.4 times Inspectrology's 2020 revenue of approximately $20 million. This acquisition is aimed at creating revenue synergies through expanded market access, particularly in Asia, and enhancing Onto’s existing inspection and software technologies. The compound semiconductor market is projected to grow significantly, with a 25% CAGR expected from 2020 to 2025, driven by demand in sectors like 5G and electric vehicles.

Onto Innovation Inc. (NYSE: ONTO) has announced that CEO Michael Plisinski and CFO Steven Roth will participate in the 23rd Annual Needham Growth Conference, taking place virtually from January 11 to 15, 2021. Their presentation is scheduled for January 14 at 2:00 p.m. EST and will be webcast live. Interested parties can access the presentation materials and archived webcasts on Onto Innovation’s investor relations page. Additionally, management will be available for one-on-one meetings during the conference on the same day.

Onto Innovation Inc. (NYSE: ONTO) has achieved a significant milestone with the first customer acceptance of its Aspect® System, a breakthrough product in metrology for the 3D-NAND device manufacturing sector. This new system will measure high aspect ratio channel holes critical for advanced 3D-NAND devices, enhancing production efficiency. The Aspect System combined with AI-Diffract™ Software offers measurement speeds up to 10 times faster than traditional methods. The company anticipates expanding applications as it integrates this revolutionary technology into production environments.

Onto Innovation (NYSE: ONTO) has authorized a new $100 million share repurchase program, replacing the previous remaining balance of $28 million. This follows the repurchase of approximately 1.9 million shares for $52 million in 2020. The new program allows for repurchases via public and private transactions at the company's discretion, depending on market conditions. As of the end of Q3, Onto Innovation had 49.1 million average diluted shares outstanding, indicating a strategic move to enhance shareholder value through share buybacks.