Onto Innovation Inc. (ONTO)
Onto Innovation Inc. (ONTO) Q4 2024 Earnings Call Transcript
Onto Innovation Inc. (NYSE:ONTO ) Q4 2024 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Sidney Ho - Investor Relations Michael Plisinski - Chief Executive Officer Mark Slicer - Chief Financial Officer Conference Call Participants Matthew Prisco - Cantor Fitzgerald Craig Ellis - B. Riley Securities Charles Shi - Needham Edward Yang - Oppenheimer & Company Brian Chin - Stifel Vedvati Shrotre - Evercore David Duley - Steelhead Securities Mark Miller - Benchmark Company Operator Good day, and welcome to the Onto Innovation Fourth Quarter Earnings Release Conference Call.
ONTO Gears Up to Report Q4 Earnings: Key Factors at Play
Onto Innovation's Q4 2024 performance is likely to have been boosted by the solid uptake of its Dragonfly inspection system, backed by strategic acquisitions.
Onto Innovation (ONTO) Increases Yet Falls Behind Market: What Investors Need to Know
Onto Innovation (ONTO) closed the most recent trading day at $183.56, moving +0.16% from the previous trading session.
Onto Stock Surges 30% in a Month: Will the Uptrend Continue?
ONTO is benefiting from rising demand and Dragonfly adoption, but faces risks from customer concentration and volatile global macroeconomic environment.
Onto Innovation (ONTO) Outperforms Broader Market: What You Need to Know
The latest trading day saw Onto Innovation (ONTO) settling at $216.59, representing a +1.68% change from its previous close.
ONTO Wins $69M DRAM Deal & Boosts 3D Process Control, Stock Rises 6%
Onto Innovation secures orders for 3Di technology on Dragonfly G3. The launch of Iris G2 expands the metrology suite for the $400 million critical films market.
Onto Innovation named 2025 Top Pick, added to Conviction List at Needham
Onto Innovation -2.615 (-1.36%) TSMC +1.25 (+0.60%) Cadence Design -3.68 (-1.22%)
Why the Market Dipped But Onto Innovation (ONTO) Gained Today
In the latest trading session, Onto Innovation (ONTO) closed at $193.56, marking a +0.61% move from the previous day.
Onto Innovation: Strong Demand From Advanced Packaging Customers
Onto Innovation's Specialty Devices & Advanced Packaging segment drives growth, increasing its revenue share from 40% in 2020 to 67% in 2024, with a 34% annual growth rate. Strong demand from the power device market, particularly SiC power devices for EVs, boosts Onto's growth, supported by advanced metrology and inspection technologies. Onto's comprehensive product offerings and strategic acquisitions provide a competitive edge, with major advanced packaging customers like TSMC and Samsung expanding production, driving sustained demand.
Wall Street Analysts See Onto Innovation (ONTO) as a Buy: Should You Invest?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Onto Innovation: A Much Anticipated Setback Arrived
Onto Innovation has seen sequential revenue growth this year, but the performance still lags compared to 2022. Shares have tripled in the meantime, driven by AI-excitement, but have come down since the summer. Sequential growth, interesting M&A action and a pullback increase appeal, but do not make shares necessarily appealing yet.
Onto Innovation's Q3 Earnings & Revenues Beat, Up Y/Y on Solid Demand
ONTO's Q3 2024 performance gains from continued momentum across all segments, including higher demand for its Dragonfly platform.
