Onto Innovation Inc. (ONTO) Report Analysis
Corporate Events
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 2000 Value Index
2022-06-24 00:00:00
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 2000 Value Index
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 3000 Value Index
2022-06-24 00:00:00
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 3000 Value Index
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell Small Cap Comp Value Index
2022-06-24 00:00:00
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell Small Cap Comp Value Index
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 2500 Value Index
2022-06-24 00:00:00
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 2500 Value Index
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 2000 Value-Defensive Index
2022-06-24 00:00:00
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 2000 Value-Defensive Index
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 3000E Value Index
2022-06-24 00:00:00
Onto Innovation Inc.(NYSE:ONTO) dropped from Russell 3000E Value Index
Onto Innovation Inc. Announces Its First Shipment of Dragonfly® G3 System with the New Eb40™ Module
2022-06-09 11:30:00
Onto Innovation Inc. announced its first shipment of the Company’s Dragonfly® G3 system with the new EB40™ module to a top three semiconductor manufacturer. Together, the system and module offer all-surface wafer inspection to address the yield loss caused by defects on the wafer edge and backside across front-end and back-end processes. All-surface inspection is becoming critical for quality assurance at foundries and IDMs producing advanced packages. The prevalence of edge-handling equipment needed to accommodate thinner wafers can produce chips and cracks that potentially propagate into the die near the wafer’s edge, which becomes a costly loss on a finished wafer. That’s where the 30% greater sensitivity and twice the throughput of the integrated Dragonfly G3 system and EB40 module come in. Onto Innovation’s new EB40 solution provides not only the required sensitivity to identify these defects at high speed but also offers the analytics software, such as Onto’s ADC (automatic defect classification), to determine the defect type, impact and, in some cases, origin. Yole Group estimates AI and HPC architectures will grow by greater than 30% over the next three years. Based on these estimates and the strong positive customer reception have seen in the initial release of the Dragonfly G3 system with the EB40 module, expect this new capability to result in a process control SAM expansion for advanced logic and memory. Wafer fab in-line process control requirements and BEOL final outgoing quality inspection are needed for the development of advanced node architectures in logic as well as emerging memory segments. This new market opportunity is in addition to the advanced packaging market where the combination of the Dragonfly G3 system and EB40 module is adding all-surface inspection to the Dragonfly G3 system’s tool-of-record status at the top manufacturers. The integration of the Dragonfly G3 system with the EB40 module not only introduces backside edge bead-removal metrology, but also offers a significant shift in sensitivity enabled by a new algorithm for defect detection, allowing this powerful duo of tools to exceed on-wafer needs and find backside scratches, color variations and large particles that can cause advanced packaging defects. The Dragonfly G3 system with the EB40 module is capable of doubling the number of wafers per hour offered by previous tools, while allowing manufacturers to detect residue and particles on the wafer surface with superior precision. Volume purchase agreements and orders for the Dragonfly G3 system and EB40 module are part of the Company’s previously stated outlook for 2022.
SEMI, SEMICON Southeast Asia, Jun 21, 2022 through Jun 23, 2022
2022-05-25 02:26:00
SEMI, SEMICON Southeast Asia, Jun 21, 2022 through Jun 23, 2022. Venue: Setia SPICE Convention Centre & Arena, Penang, Malaysia.
Onto Innovation Inc. Presents at SEMICON Southeast Asia, Jun-21-2022
2022-05-25 02:26:00
Onto Innovation Inc. Presents at SEMICON Southeast Asia, Jun-21-2022 . Venue: Setia SPICE Convention Centre & Arena, Penang, Malaysia.
Onto Innovation Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-01-2022 09:00 AM
2022-05-18 11:30:00
Onto Innovation Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-01-2022 09:00 AM. Venue: New York City, New York, United States. Speakers: Mark R. Slicer, Chief Financial Officer, Michael P. Plisinski, CEO & Director, Steven R. Roth, Advisor.
Onto Innovation Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-09-2022 11:30 AM
2022-05-18 11:30:00
Onto Innovation Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-09-2022 11:30 AM. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States. Speakers: Mark R. Slicer, Chief Financial Officer, Michael P. Plisinski, CEO & Director, Steven R. Roth, Advisor.
Onto Innovation Inc. Announces Chief Financial Officer Changes
2022-05-17 12:48:00
Onto Innovation Inc. announced that Steven R. Roth, Chief Financial Officer of the company, has retired from his position effective May 17, 2022. Roth will remain with the Company on an advisory basis through the end of the year to support his successor with historical perspective, as needed. The Board of Directors of the Company has appointed Mark Slicer as the Company’s Chief Financial Officer effective on May 17, 2022. Slicer will perform the functions of principal financial officer and principal accounting officer of the Company. Slicer most recently served as Senior Vice President and Global Operations Controller from September 2019 to May 2022.
Onto Innovation Inc. Announces Executive Changes
2022-05-17 12:48:00
Onto Innovation Inc. announced that Steven R. Roth, Senior Vice President of the company, has retired from his position effective May 17, 2022. Roth will remain with the Company on an advisory basis through the end of the year to support his successor with historical perspective, as needed. The Board of Directors of the Company has appointed Mark Slicer as the Company’s Chief Financial Officer effective on May 17, 2022. Slicer will perform the functions of principal financial officer and principal accounting officer of the Company. Slicer most recently served as Senior Vice President and Global Operations Controller from September 2019 to May 2022.
Onto Innovation Inc. Provides Earnings Guidance for the Fiscal Second Quarter Ending July 2, 2022
2022-05-03 20:05:00
Onto Innovation Inc. provided earnings guidance for the fiscal second quarter ending July 2, 2022. Management provided an outlook for the second quarter, the fiscal period ending July 2, 2022, that excludes revenue from the Company’s new lithography systems, awaiting customer acceptance. For the quarter, the company expects revenue from $234 to $248 million and diluted GAAP eps to be $0.90 to $1.09.
Institute of Electrical and Electronics Engineers, Inc., China Semiconductor Technology International Conference, Jun 14, 2022 through Jul 12, 2022
2022-04-29 02:50:00
Institute of Electrical and Electronics Engineers, Inc., China Semiconductor Technology International Conference, Jun 14, 2022 through Jul 12, 2022.
Onto Innovation Inc. Presents at China Semiconductor Technology International Conference, Jun-14-2022
2022-04-29 02:50:00
Onto Innovation Inc. Presents at China Semiconductor Technology International Conference, Jun-14-2022 .
Onto Innovation Inc., Q1 2022 Earnings Call, May 03, 2022
2022-04-13 13:12:00
Onto Innovation Inc., Q1 2022 Earnings Call, May 03, 2022
Onto Innovation Inc. to Report Q1, 2022 Results on May 03, 2022
2022-04-13 13:12:00
Onto Innovation Inc. announced that they will report Q1, 2022 results After-Market on May 03, 2022
Onto Innovation Inc., Annual General Meeting, May 10, 2022
2022-03-31 13:02:00
Onto Innovation Inc., Annual General Meeting, May 10, 2022, at 10:00 Pacific Standard Time. Location: 1550 Buckeye Drive, Milpitas Milpitas California United States Agenda: To elect the Board’s seven nominees for director to serve until the next Annual Meeting and until their successors are duly elected and qualified; to approve, on an advisory (non-binding) basis, the compensation of our named executive officers as disclosed in this proxy statement; to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other business as may properly come before the meeting and any adjournment or postponement thereof.
Onto Innovation Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-25-2022 10:10 AM
2022-03-12 04:48:00
Onto Innovation Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-25-2022 10:10 AM. Venue: The Beverly Hilton Hotel, Beverly Hills, California, United States. Speakers: Michael Sheaffer, Senior Director of IR, Corporate Communications & Marketing Research, Michael P. Plisinski, CEO & Director.
Onto Innovation Inc. Presents at 20th European Advanced Process Control and Manufacturing (APC|M) Conference, Apr-06-2022
2022-03-02 21:24:00
Onto Innovation Inc. Presents at 20th European Advanced Process Control and Manufacturing (APC|M) Conference, Apr-06-2022 . Speakers: Melvin Lee Wei Heng.
Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022
2022-03-02 19:15:00
Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.
Tranche Update on Onto Innovation Inc. (NYSE:ONTO)'s Equity Buyback Plan announced on November 23, 2020.
2022-02-25 10:11:00
From September 26, 2021 to January 1, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for $0 million under the buyback announced on November 23, 2020.
Silicon Saxony e.V., 20th European Advanced Process Control and Manufacturing (APC|M) Conference, Apr 04, 2022 through Apr 06, 2022
2022-02-19 06:32:00
Silicon Saxony e.V., 20th European Advanced Process Control and Manufacturing (APC|M) Conference, Apr 04, 2022 through Apr 06, 2022.
SEMI, Advancing Semiconductor Manufacturing Conference, May 04, 2022
2022-02-18 13:18:00
SEMI, Advancing Semiconductor Manufacturing Conference, May 04, 2022. Venue: Sarasota Springs, New York, United States.
Onto Innovation Inc. Presents at Advancing Semiconductor Manufacturing Conference, May-04-2022 12:30 PM
2022-02-18 13:18:00
Onto Innovation Inc. Presents at Advancing Semiconductor Manufacturing Conference, May-04-2022 12:30 PM. Venue: Sarasota Springs, New York, United States.
Onto Innovation Inc. Provides Earnings Guidance for the First Quarter the Fiscal Period Ending April 2, 2022
2022-02-08 21:05:00
Onto Innovation Inc. provides earnings guidance for the first quarter the fiscal period ending April 2, 2022. For the quarter, the company expects revenue to be $226 million to $240 million. Diluted GAAP EPS to be $0.86 to $0.93.
Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022
2022-02-07 20:29:00
Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022. Venue: New York City, New York, United States.
Onto Innovation Inc., Q4 2021 Earnings Call, Feb 08, 2022
2022-01-20 13:23:00
Onto Innovation Inc., Q4 2021 Earnings Call, Feb 08, 2022
Onto Innovation Inc. to Report Q4, 2021 Results on Feb 08, 2022
2022-01-20 13:23:00
Onto Innovation Inc. announced that they will report Q4, 2021 results After-Market on Feb 08, 2022
B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022
2022-01-12 16:21:00
B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022. Venue: The Beverly Hilton Hotel, Beverly Hills, California, United States.
SEMI China, China Semiconductor Technology International Conference 2022, Jun 20, 2022 through Jun 21, 2022
2022-01-10 09:56:00
SEMI China, China Semiconductor Technology International Conference 2022, Jun 20, 2022 through Jun 21, 2022. Venue: Shanghai International Convention Center, No.2727 Riverside Avenue Pudong, Shanghai, China.
Onto Innovation Inc. Presents at China Semiconductor Technology International Conference 2022, Jun-20-2022 through Jun-21-2022
2022-01-10 09:56:00
Onto Innovation Inc. Presents at China Semiconductor Technology International Conference 2022, Jun-20-2022 through Jun-21-2022. Venue: Shanghai International Convention Center, No.2727 Riverside Avenue Pudong, Shanghai, China. Presentation Date & Speakers: Jun-20-2022, Cheolkyu Kim, Johnny Dai.
Onto Innovation Inc. Presents at DA Davidson Semicap, Laser and Optical Conference, Dec-15-2021 09:00 AM
2021-12-12 00:00:00
Onto Innovation Inc. Presents at DA Davidson Semicap, Laser and Optical Conference, Dec-15-2021 09:00 AM.
Onto Innovation Inc. Announces Retirement of Edward J. Brown, Jr as Member of its Board of Directors
2021-11-29 21:15:00
On November 23, 2021, Edward J. Brown, Jr., currently a member of the Board of Directors of Onto Innovation Inc., notified the Board of his voluntary decision to retire from the Company’s Board and to not stand for re-election at the 2022 Annual Meeting of Stockholders (the “Annual Meeting”), which is expected to be held in May 2022. Mr. Brown will continue to serve as a member of the Board until the expiration of his term at the Annual Meeting.
Institute of Electrical and Electronics Engineers, Inc., Electronic Components and Technology Conference (ECTC), May 31, 2022 through Jun 03, 2022
2021-11-20 01:57:00
Institute of Electrical and Electronics Engineers, Inc., Electronic Components and Technology Conference (ECTC), May 31, 2022 through Jun 03, 2022. Venue: San Diego, California, United States.
Onto Innovation Inc. Presents at Electronic Components and Technology Conference (ECTC), May-31-2022 through Jun-03-2022
2021-11-20 01:57:00
Onto Innovation Inc. Presents at Electronic Components and Technology Conference (ECTC), May-31-2022 through Jun-03-2022. Venue: San Diego, California, United States. Presentation Date & Speakers: Jun-01-2022, John Chang, Mike Rosa.
Onto Innovation Inc. Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021
2021-11-16 16:47:00
Onto Innovation Inc. Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021 .
National Institute of Standards and Technology, International Conference on Frontiers of Characterization and Metrology for Nanoelectronics, Jun 20, 2022 through Jun 23, 2022
2021-11-05 01:08:00
National Institute of Standards and Technology, International Conference on Frontiers of Characterization and Metrology for Nanoelectronics, Jun 20, 2022 through Jun 23, 2022. Venue: Monterey, California, United States.
Onto Innovation Inc. Presents at International Conference on Frontiers of Characterization and Metrology for Nanoelectronics, Jun-23-2022 09:00 AM
2021-11-05 01:08:00
Onto Innovation Inc. Presents at International Conference on Frontiers of Characterization and Metrology for Nanoelectronics, Jun-23-2022 09:00 AM. Venue: Monterey, California, United States. Speakers: Andy Antonelli.
Conference Direct LLC, 10th Annual December CEO Summit, Dec 08, 2021
2021-11-04 20:05:00
Conference Direct LLC, 10th Annual December CEO Summit, Dec 08, 2021. Venue: St. Regis Hotel, San Francisco, California, United States.
Onto Innovation Inc. Presents at 10th Annual December CEO Summit, Dec-08-2021 09:00 AM
2021-11-04 20:05:00
Onto Innovation Inc. Presents at 10th Annual December CEO Summit, Dec-08-2021 09:00 AM. Venue: St. Regis Hotel, San Francisco, California, United States.
Onto Innovation Inc. Provides Earnings Guidance for the Fourth Quarter Ending January 1, 2022
2021-11-04 20:05:00
Onto Innovation Inc. provided earnings guidance for the fourth quarter ending January 1, 2022. Based on current estimates, management expects: $210 million to $220 million in revenue, $0.75 to $0.89 in diluted GAAP EPS.
D.A. Davidson & Co., DA Davidson Semicap, Laser and Optical Conference, Dec 15, 2021
2021-10-30 14:04:00
D.A. Davidson & Co., DA Davidson Semicap, Laser and Optical Conference, Dec 15, 2021.
The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021
2021-10-21 17:00:00
The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021.
Onto Innovation Inc. Presents at China International Semiconductor Executive Summit, Oct-13-2021 04:20 PM
2021-10-09 04:49:00
Onto Innovation Inc. Presents at China International Semiconductor Executive Summit, Oct-13-2021 04:20 PM. Venue: Grand Kempinksi Hotel Shanghai, 1288 Lujiazui Ring Rd, Lu Jia Zui, Pudong, Shanghai, China. Speakers: Peter Han, Sales Director of China Branch.
Onto Innovation Inc. to Report Q3, 2021 Results on Nov 04, 2021
2021-10-08 14:40:00
Onto Innovation Inc. announced that they will report Q3, 2021 results After-Market on Nov 04, 2021
Onto Innovation Inc., Q3 2021 Earnings Call, Nov 04, 2021
2021-10-08 14:40:00
Onto Innovation Inc., Q3 2021 Earnings Call, Nov 04, 2021
Onto Innovation Inc. Announces Executive Appointments
2021-10-05 20:01:00
On October 1, 2021, Robert A. Koch, the Onto Innovation Inc.’s Vice President and General Counsel, notified the Company that he intends to retire sometime in 2022. The Company expects Mr. Koch to continue in his current role until the Company appoints his successor to facilitate an orderly transition of responsibilities. The effective date of Mr. Koch’s retirement will be disclosed once finally determined. The Board of Directors of the company appointed James Harlow as the Company’s Chief Operating Officer effective on October 1, 2021. Mr. Harlow has over 20 years of experience in semiconductor operations and has managed operations teams around the world. Mr. Harlow has served for the last eight years in senior operations management roles, at Applied Materials Inc. While at Applied, Mr. Harlow served from December 2019 to September 2021 as Managing Director, Applied Global Services – Operations and Supply Chain, from December 2017 to December 2019 as Senior Director, Applied Global Services – Operations and Supply Chain, and from September 2013 to December 2017 as Director Worldwide Operations.
Onto Innovation Inc Reports Karen Rogge Has Joined Its Board of Directors
2021-09-28 11:43:00
Onto Innovation Inc. reported Karen Rogge has joined its board of directors. Karen Rogge is a skilled financial and operational executive with a strategic mindset focused on transformational growth and optimizing operational performance. Rogge is the founder and president of the RYN Group LLC, a management consulting business. She currently utilizes her experience as a thought leader, working closely with CEOs and boards to focus their strategies for organic and inorganic growth. Recently, she joined the board of directors at Rambus Inc. Previously she was a board director of Kemet Corp.
Onto Innovation Inc. Announces Executive Changes
2021-09-13 14:41:00
Effective September 7, 2021, Onto Innovation Inc.’s Board of Directors appointed Karen Rogge to the Board to hold office until the 2022 Annual Meeting of Stockholders. This appointment will increase the size of the Board from the current seven members to eight members. Ms. Rogge was identified through a search process which was commenced earlier this year in connection with the Board’s desire for increased diversity as well as to meet several other Board identified requirements. Ms. Rogge is president of the RYN Group LLC, a management consulting business, which she founded in 2010. She served as the interim vice president and chief financial officer of Applied Micro Circuits Corporation, a semiconductor company, from 2015 to 2016. Previously, Ms. Rogge served as the senior vice president and chief financial officer of Extreme Networks, a computer network company, from 2007 to 2009. Ms. Rogge currently serves on the board of directors for Rambus Inc.
Rollin Kocher Notifies His Resignation as Senior Vice President, Field Operations of Onto Innovation Inc. as of September 6, 2021
2021-08-27 19:45:00
On August 23, 2021, Mr. Rollin Kocher notified Onto Innovation Inc. (the ‘Company’), that he will be resigning from his position as Senior Vice President, Field Operations, as of September 6, 2021. Mr. Kocher’s decision to resign was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
Onto Innovation Inc. Presents at 30th annual SWTest conference and expo, Aug-30-2021 through Sep-01-2021
2021-08-23 12:44:00
Onto Innovation Inc. Presents at 30th annual SWTest conference and expo, Aug-30-2021 through Sep-01-2021. Venue: San Diego, California, United States. Presentation Date & Speakers: Aug-30-2021, Darren James. Sep-01-2021, Woo Young Han.
Technoprobe S.p.A., 30th annual SWTest conference and expo, Aug 30, 2021 through Sep 01, 2021
2021-08-23 12:15:00
Technoprobe S.p.A., 30th annual SWTest conference and expo, Aug 30, 2021 through Sep 01, 2021. Venue: San Diego, California, United States.
Technoprobe S.p.A., 30th annual SWTest conference and expo, Aug 30, 2021 through Sep 01, 2021
2021-08-23 12:15:00
Technoprobe S.p.A., 30th annual SWTest conference and expo, Aug 30, 2021 through Sep 01, 2021. Venue: San Diego, California, United States.
Onto Innovation Inc. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Sep-01-2021
2021-08-19 21:47:00
Onto Innovation Inc. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Sep-01-2021 . Speakers: Michael Sheaffer, Senior Director of IR, Corporate Communications & Marketing Research, Michael P. Plisinski, CEO & Director.
Onto Innovation Inc. Provides Earnings Guidance for the Third Quarter of 2021
2021-08-05 20:05:00
Onto Innovation Inc. provided earnings guidance for the third quarter of 2021. For the period, the company anticipating revenue to be in the range of $190 million to $200 million. This guidance assumes that the safety protocols in place continue to limit the impact of COVID-19 on factories and suppliers. Within this revenue range the Company is expecting GAAP net income per diluted share to be in the range of $0.62 to $0.76.
Tranche Update on Onto Innovation Inc. (NYSE:ONTO)'s Equity Buyback Plan announced on November 23, 2020.
2021-08-05 17:11:00
From March 28, 2021 to June 26, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for $0 million under the buyback announced on November 23, 2020.
Onto Innovation Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021 09:00 AM
2021-08-02 15:47:00
Onto Innovation Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021 09:00 AM. Speakers: Michael P. Plisinski, CEO & Director, Steven R. Roth, Senior VP of Finance & Administration and CFO.
B. Riley Securities, Inc., B. Riley Securities Summer Summit, Aug 18, 2021 through Aug 19, 2021
2021-07-28 13:20:00
B. Riley Securities, Inc., B. Riley Securities Summer Summit, Aug 18, 2021 through Aug 19, 2021. Venue: Santa Monica Proper Hotel, Santa Monica, California, United States.
Onto Innovation Inc. Presents at B. Riley Securities Summer Summit, Aug-18-2021 07:00 AM
2021-07-28 13:20:00
Onto Innovation Inc. Presents at B. Riley Securities Summer Summit, Aug-18-2021 07:00 AM. Venue: Santa Monica Proper Hotel, Santa Monica, California, United States. Speakers: Michael P. Plisinski, CEO & Director, Steven R. Roth, Senior VP of Finance & Administration and CFO.
Onto Innovation Inc., Q2 2021 Earnings Call, Aug 05, 2021
2021-07-19 19:19:00
Onto Innovation Inc., Q2 2021 Earnings Call, Aug 05, 2021
Onto Innovation Inc. to Report Q2, 2021 Results on Aug 05, 2021
2021-07-19 19:19:00
Onto Innovation Inc. announced that they will report Q2, 2021 results After-Market on Aug 05, 2021
Steven R. Roth to Retire as Senior Vice President of Onto Innovation Inc
2021-07-14 17:51:00
Mr. Steven R. Roth, Senior Vice President notified Onto Innovation Inc. that he plans to retire sometime in 2022. Mr. Roth will continue in his current role until the Company selects and onboards his successor to assure an orderly transition of responsibilities. Mr. Roth is committed to supporting theCompany in this transition. The effective date of Mr. Roth's retirement in 2022 will be disclosed, once finally determined.
Steven R. Roth Plans to Retire as Chief Financial Officer of Onto Innovation Inc. in 2022
2021-07-14 12:15:00
Onto Innovation Inc. announced that chief financial officer, Steven R. Roth, plans to retire from the Company in 2022, after the completion of a comprehensive search and successful transition process for his successor. Mr. Roth will remain fully engaged as CFO and actively participate in the process to evaluate a full slate of candidates.
Global Business Promotions LTD, China International Semiconductor Executive Summit, Oct 12, 2021 through Oct 13, 2021
2021-07-12 14:18:00
Global Business Promotions LTD, China International Semiconductor Executive Summit, Oct 12, 2021 through Oct 13, 2021. Venue: Grand Kempinksi Hotel Shanghai, 1288 Lujiazui Ring Rd, Lu Jia Zui, Pudong, Shanghai, China.
Global Business Promotions LTD, China International Semiconductor Executive Summit, Oct 12, 2021 through Oct 13, 2021
2021-07-12 14:18:00
Global Business Promotions LTD, China International Semiconductor Executive Summit, Oct 12, 2021 through Oct 13, 2021. Venue: Grand Kempinksi Hotel Shanghai, 1288 Lujiazui Ring Rd, Lu Jia Zui, Pudong, Shanghai, China.
Fundamental Summary
Onto Innovation released impressive Q1 results on 2022-05-03. Their income and value factors performance indicate that company management is focused on the right targets and executing well. This relative strength should allow Onto Innovation to continue to perform well even in a tough market. We therefore gave Onto Innovation a total score of 85 out of 100 and a BUY recommendation.
Onto Innovation reported earnings results for the first quarter ended April 02, 2022. For the first quarter, the company reported sales was USD 241.35 million compared to USD 169.28 million a year ago. Net income was USD 53.33 million compared to USD 24.11 million a year ago. Basic earnings per share from continuing operations was USD 1.08 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 1.07 compared to USD 0.49 a year ago.
Business Description
Onto Innovation engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. The company also provides spare parts and software licensing services. Its products are used by semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; RF filter; data storage; and various industrial and scientific applications. The company was formerly known as Rudolph Technologies, Inc. Onto Innovation was founded in 1940 and is headquartered in Wilmington, Massachusetts.
Sector Overview
Onto Innovation is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Onto Innovation's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 12.4 | 17.3% | 89 | |
| Net Cashflow | 46.0 | 39.9% | 95 | |
| Capital Expenditure | -10.7 | 11.5% | 88 | |
| Asset Turnover | 0.5 | 5.5% | 85 | |
| Free Cashflow | 3.2 | -2.8% | 65 |
* All values are TTM
The below chart reflects Onto Innovation's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Onto Innovation's peer average final assessment score stands on 74.0, Onto Innovation's score is 85.
- ONTO
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Onto Innovation's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Onto Innovation's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.
5D MA
71.31
50D MA
73.81
200D MA
82.78
MACD
-1.33
RSI
21.82
STOCH
41.79
Balance Sheet Analysis
Overall, Onto Innovation's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Onto Innovation has done an excellent job managing its liabilities. Onto Innovation's liabilities stood at 250.1 in the current filing, which represents a 11.8% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. Therefore, we rated their liabilities movement with a score of 84. Also, Onto Innovation's price to book ratio (P/B) was reported as 2.8 and represents -22.9% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Consequently, their book value factors movement received a grade of 73. However, one discouraging result, Equity, stood out. Onto Innovation reported weak equity changes momentum this period. At filing, equity was reported as 1472.3, representing 3.2% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 4.3%. Their equity metrics appear unremarkable relative to their peers. Its equity movement component, therefore, received a grade of 67. Therefore, it received a score of 77.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 1,722.4 | 4.4% | 71 |
| Liabilities | 250.1 | 11.8% | 84 |
| Price to Book | 2.8 | -22.9% | 73 |
| Cash & Equivalents | 172.5 | 1.7% | 72 |
| Equity | 1,472.3 | 3.2% | 67 |
The below chart describes Onto Innovation's performance as reflected on its balance sheet with respect to its peers. While Onto Innovation received a balance sheet score of 77, the average of its peers stands on 73.0.
- ONTO
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| Wolfspeed, Inc. | 8.7B | 96 | 63 | 58 | 97 | 56 | 73 | 0 | 1 |
| Daqo New Energy Corp. | 5.4B | 92 | 62 | 81 | 95 | 93 | 93 | 1 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 87 | 62 | 77 | 94 | 94 | 89 | 2 | 1 |
| NeoPhotonics Corporation | 837.4M | 89 | 66 | 49 | 72 | 64 | 66 | 3 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 56 | 78 | 79 | 72 | 72 | 74 | 4 | 1 |
| Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 5 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 92 | 70 | 66 | 45 | 73 | 75 | 6 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 48 | 82 | 40 | 37 | 52 | 41 | 7 | 1 |
| NVIDIA Corporation | 422.4B | 78 | 70 | 65 | 97 | 54 | 71 | 8 | 1 |
| Intel Corporation | 157.9B | 65 | 69 | 76 | 90 | 81 | 77 | 9 | 1 |
| Texas Instruments Incorporated | 143.5B | 63 | 70 | 87 | 46 | 84 | 76 | 10 | 1 |
| QUALCOMM Incorporated | 142.4B | 57 | 71 | 96 | 80 | 81 | 82 | 11 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 94 | 61 | 78 | 96 | 81 | 88 | 12 | 1 |
| Broadcom Inc. | 102.5B | 67 | 79 | 59 | 56 | 54 | 62 | 13 | 1 |
| Applied Materials, Inc. | 84.9B | 71 | 72 | 64 | 41 | 55 | 60 | 14 | 1 |
| Analog Devices, Inc. | 78.3B | 62 | 80 | 66 | 65 | 66 | 69 | 15 | 1 |
| Micron Technology, Inc. | 65.6B | 73 | 69 | 85 | 76 | 74 | 81 | 16 | 1 |
| Lam Research Corporation | 62.4B | 73 | 77 | 59 | 51 | 45 | 59 | 17 | 1 |
| KLA Corporation | 50.5B | 75 | 62 | 73 | 53 | 66 | 66 | 18 | 1 |
| NXP Semiconductors N.V. | 41.7B | 72 | 68 | 56 | 62 | 76 | 64 | 19 | 1 |
| Marvell Technology, Inc. | 40.5B | 71 | 84 | 50 | 46 | 51 | 60 | 20 | 1 |
| Microchip Technology Incorporated | 33.6B | 65 | 84 | 76 | 72 | 65 | 78 | 21 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 61 | 39 | 97 | 55 | 58 | 22 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 81 | 66 | 73 | 82 | 74 | 78 | 23 | 1 |
| ON Semiconductor Corporation | 23.5B | 74 | 69 | 77 | 88 | 82 | 81 | 24 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 85 | 65 | 75 | 92 | 80 | 84 | 25 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 77 | 62 | 77 | 96 | 86 | 82 | 26 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 77 | 64 | 46 | 52 | 62 | 27 | 1 |
| Teradyne, Inc. | 15.7B | 48 | 81 | 63 | 45 | 47 | 51 | 28 | 1 |
| Entegris, Inc. | 14.2B | 62 | 71 | 75 | 55 | 79 | 70 | 29 | 1 |
| Qorvo, Inc. | 10.6B | 64 | 83 | 64 | 67 | 55 | 67 | 30 | 1 |
| First Solar, Inc. | 7.5B | 77 | 70 | 50 | 58 | 57 | 58 | 31 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 53 | 79 | 79 | 60 | 64 | 68 | 32 | 1 |
| MKS Instruments, Inc. | 6.0B | 59 | 74 | 72 | 76 | 72 | 70 | 33 | 1 |
| Universal Display Corporation | 5.4B | 57 | 76 | 83 | 85 | 70 | 75 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 89 | 81 | 60 | 45 | 47 | 71 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 65 | 79 | 73 | 87 | 82 | 80 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 57 | 65 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 71 | 71 | 78 | 92 | 76 | 81 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 55 | 82 | 59 | 79 | 56 | 61 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 70 | 68 | 75 | 74 | 77 | 74 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 74 | 86 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 69 | 74 | 80 | 76 | 74 | 42 | 1 |
| SiTime Corporation | 3.8B | 57 | 67 | 65 | 73 | 64 | 58 | 43 | 1 |
| Semtech Corporation | 3.6B | 58 | 79 | 68 | 67 | 64 | 67 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 64 | 75 | 74 | 38 | 75 | 69 | 45 | 1 |
| SunPower Corporation | 3.2B | 72 | 81 | 42 | 83 | 53 | 61 | 46 | 1 |
| FormFactor, Inc. | 3.1B | 72 | 70 | 84 | 82 | 80 | 83 | 47 | 1 |
| Diodes Incorporated | 3.1B | 46 | 78 | 71 | 51 | 72 | 61 | 48 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 40 | 85 | 60 | 40 | 47 | 54 | 49 | 1 |
| Nova Ltd. | 2.8B | 86 | 45 | 76 | 48 | 82 | 61 | 50 | 1 |
| MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 75 | 76 | 51 | 1 |
| Ambarella, Inc. | 2.7B | 45 | 75 | 74 | 86 | 65 | 63 | 52 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 45 | 83 | 61 | 76 | 56 | 57 | 53 | 1 |
| Rambus Inc. | 2.4B | 43 | 82 | 41 | 95 | 54 | 48 | 54 | 1 |
| Canadian Solar Inc. | 2.2B | 91 | 54 | 59 | 62 | 62 | 58 | 55 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 85 | 71 | 74 | 81 | 56 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 77 | 79 | 86 | 88 | 57 | 1 |
| Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 58 | 1 |
| Impinj, Inc. | 1.4B | 62 | 68 | 78 | 39 | 92 | 72 | 59 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 55 | 78 | 68 | 48 | 68 | 63 | 60 | 1 |
| Cohu, Inc. | 1.4B | 52 | 82 | 57 | 59 | 59 | 57 | 61 | 1 |
| Photronics, Inc. | 1.3B | 53 | 85 | 66 | 76 | 66 | 68 | 62 | 1 |
| Camtek Ltd. | 1.1B | 63 | 61 | 82 | 37 | 90 | 66 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 90 | 63 | 75 | 95 | 82 | 86 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 84 | 72 | 41 | 78 | 47 | 58 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 89 | 64 | 67 | 87 | 67 | 77 | 66 | 1 |
| ACM Research, Inc. | 950.7M | 87 | 57 | 51 | 43 | 50 | 52 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 68 | 1 |
| PDF Solutions, Inc. | 813.0M | 54 | 81 | 64 | 90 | 51 | 62 | 69 | 1 |
| CEVA, Inc. | 804.5M | 82 | 74 | 60 | 87 | 60 | 73 | 70 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 59 | 76 | 65 | 38 | 63 | 59 | 71 | 1 |
| indie Semiconductor, Inc. | 752.7M | 49 | 54 | 72 | 56 | 56 | 44 | 72 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 68 | 40 | 78 | 38 | 53 | 73 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 37 | 80 | 80 | 62 | 80 | 67 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 94 | 62 | 85 | 99 | 98 | 98 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 51 | 78 | 42 | 41 | 51 | 41 | 77 | 1 |
| Helix Technology Corporation | 364.9M | 66 | 77 | 79 | 85 | 52 | 65 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 71 | 66 | 72 | 64 | 86 | 74 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 41 | 87 | 39 | 47 | 55 | 45 | 80 | 1 |
Income Statement Analysis
Return Factors and EBITDA stand out as the most significant drivers of Onto Innovation's income statement's strength. Onto Innovation's reported return on equity (ROE) ratio was 12.4, representing a change of 17.3%. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 89. Also, Onto Innovation's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 259.6, which represents a 13.6% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. Therefore, its EBITDA component earned a score of 87. At the same time, one critical income statement metric, Revenue Efficiency, was notably weak. Onto Innovation's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. As a result, their revenue efficiency earned a score of 47. Therefore, it received a score of 67.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 259.6 | 13.6% | 87 |
| Total Revenues | 861.0 | 9.1% | 47 |
| Return on Equity | 12.4 | 17.3% | 89 |
The below chart describes Onto Innovation's performance as reflected on its income statement with respect to its peers. While Onto Innovation received a income statement score of 67 , the average of its peers stands on 64.0.
- ONTO
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| Wolfspeed, Inc. | 8.7B | 49 | 90 | 86 | 69 | 0 | 1 |
| Daqo New Energy Corp. | 5.4B | 37 | 96 | 94 | 65 | 1 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 38 | 89 | 81 | 62 | 2 | 1 |
| NeoPhotonics Corporation | 837.4M | 45 | 95 | 90 | 69 | 3 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 94 | 80 | 88 | 90 | 4 | 1 |
| Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 5 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 41 | 86 | 65 | 65 | 6 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 97 | 50 | 83 | 79 | 7 | 1 |
| NVIDIA Corporation | 422.4B | 46 | 83 | 68 | 63 | 8 | 1 |
| Intel Corporation | 157.9B | 90 | 55 | 73 | 76 | 9 | 1 |
| Texas Instruments Incorporated | 143.5B | 69 | 78 | 71 | 74 | 10 | 1 |
| QUALCOMM Incorporated | 142.4B | 48 | 87 | 79 | 66 | 11 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 40 | 89 | 38 | 59 | 12 | 1 |
| Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 13 | 1 |
| Applied Materials, Inc. | 84.9B | 72 | 68 | 73 | 72 | 14 | 1 |
| Analog Devices, Inc. | 78.3B | 40 | 91 | 93 | 65 | 15 | 1 |
| Micron Technology, Inc. | 65.6B | 59 | 88 | 90 | 74 | 16 | 1 |
| Lam Research Corporation | 62.4B | 80 | 63 | 75 | 74 | 17 | 1 |
| KLA Corporation | 50.5B | 56 | 77 | 77 | 67 | 18 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 79 | 90 | 71 | 19 | 1 |
| Marvell Technology, Inc. | 40.5B | 41 | 89 | 88 | 64 | 20 | 1 |
| Microchip Technology Incorporated | 33.6B | 57 | 83 | 92 | 71 | 21 | 1 |
| Enphase Energy, Inc. | 27.8B | 45 | 74 | 55 | 57 | 22 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 50 | 93 | 85 | 70 | 23 | 1 |
| ON Semiconductor Corporation | 23.5B | 53 | 92 | 94 | 73 | 24 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 45 | 90 | 83 | 66 | 25 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 41 | 70 | 48 | 53 | 26 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 70 | 63 | 70 | 27 | 1 |
| Teradyne, Inc. | 15.7B | 88 | 57 | 62 | 75 | 28 | 1 |
| Entegris, Inc. | 14.2B | 56 | 80 | 80 | 69 | 29 | 1 |
| Qorvo, Inc. | 10.6B | 76 | 65 | 63 | 71 | 30 | 1 |
| First Solar, Inc. | 7.5B | 98 | 43 | 40 | 73 | 31 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 54 | 88 | 89 | 71 | 32 | 1 |
| MKS Instruments, Inc. | 6.0B | 78 | 66 | 65 | 74 | 33 | 1 |
| Universal Display Corporation | 5.4B | 71 | 63 | 61 | 68 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 76 | 93 | 76 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 45 | 91 | 90 | 68 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 80 | 76 | 83 | 80 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 63 | 76 | 77 | 70 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 48 | 67 | 61 | 42 | 1 |
| SiTime Corporation | 3.8B | 39 | 93 | 78 | 64 | 43 | 1 |
| Semtech Corporation | 3.6B | 64 | 84 | 87 | 75 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 74 | 77 | 73 | 76 | 45 | 1 |
| SunPower Corporation | 3.2B | 49 | 43 | 72 | 49 | 46 | 1 |
| FormFactor, Inc. | 3.1B | 79 | 76 | 83 | 80 | 47 | 1 |
| Diodes Incorporated | 3.1B | 66 | 84 | 86 | 76 | 48 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 54 | 83 | 78 | 72 | 49 | 1 |
| Nova Ltd. | 2.8B | 41 | 89 | 78 | 70 | 50 | 1 |
| MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 51 | 1 |
| Ambarella, Inc. | 2.7B | 56 | 89 | 79 | 71 | 52 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 73 | 82 | 85 | 79 | 53 | 1 |
| Rambus Inc. | 2.4B | 48 | 85 | 62 | 64 | 54 | 1 |
| Canadian Solar Inc. | 2.2B | 73 | 76 | 53 | 72 | 55 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 56 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 63 | 60 | 57 | 1 |
| Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 58 | 1 |
| Impinj, Inc. | 1.4B | 64 | 53 | 52 | 59 | 59 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 60 | 1 |
| Cohu, Inc. | 1.4B | 92 | 53 | 49 | 75 | 61 | 1 |
| Photronics, Inc. | 1.3B | 55 | 86 | 92 | 71 | 62 | 1 |
| Camtek Ltd. | 1.1B | 50 | 81 | 71 | 68 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 48 | 86 | 68 | 65 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 62 | 75 | 76 | 69 | 66 | 1 |
| ACM Research, Inc. | 950.7M | 88 | 42 | 42 | 67 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 68 | 1 |
| PDF Solutions, Inc. | 813.0M | 49 | 95 | 89 | 71 | 69 | 1 |
| CEVA, Inc. | 804.5M | 51 | 90 | 97 | 71 | 70 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 72 | 60 | 55 | 67 | 71 | 1 |
| indie Semiconductor, Inc. | 752.7M | 37 | 47 | 69 | 43 | 72 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 50 | 49 | 60 | 49 | 73 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 56 | 45 | 72 | 53 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 92 | 44 | 69 | 73 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 37 | 45 | 70 | 43 | 77 | 1 |
| Helix Technology Corporation | 364.9M | 89 | 47 | 51 | 74 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 54 | 87 | 87 | 71 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 37 | 81 | 97 | 68 | 80 | 1 |
Cash Flow Analysis
Overall, Onto Innovation's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Onto Innovation's strong net cash flow numbers, which were 46.0 in this filing, showed a 39.9% change from the last period. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Consequently, their net cash flow movement received a grade of 95. Also, Onto Innovation's management was effective in improving its CapEx, which now sits at -10.7 and represents 11.5% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Consequently, their CapEx movement received a grade of 88. That said, one metric, Free Cash flow, stood out as strongly negative. Free cash flow numbers published by Onto Innovation were 3.2, which was a -2.8% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.4%. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Its free cash flow movement, therefore, received a grade of 65. Because their management is doing an excellent job managing these critical metrics, the cash_flow was given a score of 85.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 46.0 | 39.9% | 95 |
| Capital Expenditure | -10.7 | 11.5% | 88 |
| Asset Turnover | 0.5 | 5.5% | 85 |
| Free Cashflow | 3.2 | -2.8% | 65 |
The below chart describes Onto Innovation's performance as reflected on its cash flow with respect to its peers. While Onto Innovation received a cash flow score of 85, the average of its peers stands on 75.0.
- ONTO
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| Wolfspeed, Inc. | 8.7B | 57 | 74 | 76 | 46 | 55 | 0 | 1 |
| Daqo New Energy Corp. | 5.4B | 78 | 86 | 63 | 96 | 89 | 1 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 67 | 69 | 73 | 78 | 74 | 2 | 1 |
| NeoPhotonics Corporation | 837.4M | 50 | 63 | 67 | 87 | 72 | 3 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 65 | 56 | 76 | 54 | 57 | 4 | 1 |
| Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 5 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 53 | 89 | 90 | 46 | 66 | 6 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 80 | 72 | 66 | 46 | 59 | 7 | 1 |
| NVIDIA Corporation | 422.4B | 93 | 65 | 61 | 86 | 82 | 8 | 1 |
| Intel Corporation | 157.9B | 57 | 72 | 68 | 53 | 58 | 9 | 1 |
| Texas Instruments Incorporated | 143.5B | 74 | 74 | 63 | 69 | 70 | 10 | 1 |
| QUALCOMM Incorporated | 142.4B | 65 | 65 | 70 | 87 | 77 | 11 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 93 | 66 | 69 | 37 | 57 | 12 | 1 |
| Broadcom Inc. | 102.5B | 74 | 76 | 87 | 89 | 85 | 13 | 1 |
| Applied Materials, Inc. | 84.9B | 75 | 59 | 69 | 72 | 69 | 14 | 1 |
| Analog Devices, Inc. | 78.3B | 78 | 76 | 51 | 94 | 84 | 15 | 1 |
| Micron Technology, Inc. | 65.6B | 81 | 85 | 81 | 74 | 80 | 16 | 1 |
| Lam Research Corporation | 62.4B | 72 | 60 | 56 | 75 | 68 | 17 | 1 |
| KLA Corporation | 50.5B | 70 | 76 | 52 | 79 | 74 | 18 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 72 | 51 | 85 | 73 | 19 | 1 |
| Marvell Technology, Inc. | 40.5B | 94 | 84 | 58 | 46 | 65 | 20 | 1 |
| Microchip Technology Incorporated | 33.6B | 80 | 79 | 48 | 84 | 79 | 21 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 77 | 64 | 40 | 60 | 22 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 54 | 86 | 45 | 64 | 64 | 23 | 1 |
| ON Semiconductor Corporation | 23.5B | 60 | 79 | 55 | 74 | 70 | 24 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 84 | 78 | 59 | 75 | 77 | 25 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 46 | 38 | 55 | 52 | 43 | 26 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 78 | 57 | 79 | 73 | 71 | 27 | 1 |
| Teradyne, Inc. | 15.7B | 75 | 65 | 66 | 68 | 68 | 28 | 1 |
| Entegris, Inc. | 14.2B | 60 | 57 | 50 | 77 | 65 | 29 | 1 |
| Qorvo, Inc. | 10.6B | 78 | 65 | 87 | 71 | 73 | 30 | 1 |
| First Solar, Inc. | 7.5B | 46 | 84 | 56 | 46 | 53 | 31 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 79 | 77 | 43 | 82 | 77 | 32 | 1 |
| MKS Instruments, Inc. | 6.0B | 58 | 58 | 92 | 56 | 59 | 33 | 1 |
| Universal Display Corporation | 5.4B | 74 | 81 | 68 | 65 | 71 | 34 | 1 |
| Silicon Laboratories Inc. | 5.3B | 70 | 89 | 81 | 88 | 86 | 35 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 66 | 68 | 80 | 75 | 36 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 58 | 68 | 37 | 1 |
| Synaptics Incorporated | 5.1B | 85 | 62 | 98 | 55 | 67 | 38 | 1 |
| Power Integrations, Inc. | 4.5B | 88 | 77 | 64 | 82 | 82 | 39 | 1 |
| Amkor Technology, Inc. | 4.3B | 46 | 57 | 61 | 71 | 60 | 40 | 1 |
| Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 91 | 41 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 56 | 56 | 77 | 56 | 56 | 42 | 1 |
| SiTime Corporation | 3.8B | 83 | 87 | 56 | 44 | 62 | 43 | 1 |
| Semtech Corporation | 3.6B | 79 | 78 | 58 | 79 | 78 | 44 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 46 | 78 | 54 | 78 | 69 | 45 | 1 |
| SunPower Corporation | 3.2B | 84 | 41 | 39 | 93 | 74 | 46 | 1 |
| FormFactor, Inc. | 3.1B | 78 | 81 | 66 | 58 | 68 | 47 | 1 |
| Diodes Incorporated | 3.1B | 77 | 61 | 52 | 80 | 72 | 48 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 63 | 53 | 46 | 85 | 61 | 49 | 1 |
| Nova Ltd. | 2.8B | 58 | 53 | 39 | 56 | 54 | 50 | 1 |
| MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 51 | 1 |
| Ambarella, Inc. | 2.7B | 84 | 95 | 45 | 75 | 80 | 52 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 93 | 81 | 83 | 74 | 83 | 53 | 1 |
| Rambus Inc. | 2.4B | 96 | 73 | 89 | 89 | 90 | 54 | 1 |
| Canadian Solar Inc. | 2.2B | 69 | 70 | 74 | 68 | 71 | 55 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 85 | 82 | 56 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 57 | 1 |
| Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 79 | 67 | 58 | 1 |
| Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 59 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 62 | 60 | 1 |
| Cohu, Inc. | 1.4B | 92 | 62 | 71 | 44 | 59 | 61 | 1 |
| Photronics, Inc. | 1.3B | 65 | 92 | 96 | 79 | 83 | 62 | 1 |
| Camtek Ltd. | 1.1B | 69 | 70 | 74 | 72 | 71 | 63 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 47 | 85 | 95 | 54 | 62 | 64 | 1 |
| Veeco Instruments Inc. | 1.0B | 73 | 82 | 48 | 69 | 71 | 65 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 49 | 64 | 45 | 59 | 54 | 66 | 1 |
| ACM Research, Inc. | 950.7M | 62 | 43 | 50 | 54 | 50 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 68 | 1 |
| PDF Solutions, Inc. | 813.0M | 81 | 98 | 45 | 92 | 89 | 69 | 1 |
| CEVA, Inc. | 804.5M | 57 | 54 | 84 | 83 | 71 | 70 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 51 | 37 | 87 | 71 | 59 | 71 | 1 |
| indie Semiconductor, Inc. | 752.7M | 69 | 80 | 52 | 98 | 85 | 72 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 90 | 59 | 88 | 84 | 73 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 70 | 87 | 94 | 93 | 90 | 74 | 1 |
| Rigetti Computing, Inc. | 426.1M | 48 | 76 | 51 | 60 | 58 | 75 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 76 | 1 |
| Meta Materials Inc. | 414.9M | 85 | 56 | 68 | 97 | 84 | 77 | 1 |
| Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 49 | 74 | 89 | 78 | 72 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 81 | 87 | 96 | 94 | 88 | 80 | 1 |
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