Welcome to our dedicated page for Onto Innovation news (Ticker: ONTO), a resource for investors and traders seeking the latest updates and insights on Onto Innovation stock.
Onto Innovation Inc. (ONTO) is a leading name in the field of process control, known for its broad portfolio of advanced technologies. The company’s offerings span un-patterned wafer quality, 3D metrology covering 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. These solutions help customers address complex yield, device performance, quality, and reliability issues across the semiconductor value chain.
Headquartered in Wilmington, Massachusetts, Onto Innovation boasts a global sales and service organization, supporting customers worldwide. Traded on the New York Stock Exchange under the symbol ONTO, the company is engaged in designing, developing, manufacturing, and supporting high-performance control metrology, defect inspection, lithography, and data analysis systems. These are crucial for microelectronics device manufacturers, ensuring smarter, faster, and more efficient operations.
The company operates predominantly in the United States, Southeast Asia, China, Japan, and Europe, with Taiwan and South Korea being major sources of revenue. Onto Innovation's commitment to innovation enables it to stay at the forefront of the semiconductor industry, continuously optimizing the critical path of progress for its customers.
Recent achievements include advancements in 3D metrology and significant improvements in defect inspection technologies. The company is currently focused on expanding its technological capabilities and strengthening its market position through strategic partnerships and cutting-edge research and development projects.
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.
Onto Innovation Inc. (NYSE: ONTO) will participate in three upcoming virtual investor conferences in November and December 2020. The first is the Benchmark Company Technology Virtual One-on-One Investor Conference on November 12, followed by the DA Davidson Virtual Semicap, Laser and Optical Conference on December 15. Finally, the 12th Annual CEO Summit is scheduled for December 16, with materials available on their events page. Interested investors are encouraged to RSVP early for the CEO Summit due to limited space.
Onto Innovation Inc. reported $126.5 million in revenue for Q3 2020, a 6% decrease from Q2 due mainly to metrology spending timing. Specialty device revenue grew 44%, driven by demand in 5G and high-power computing. Gross margin improved to 54%, and cash increased by $28.3 million. Non-GAAP net income reached $19.6 million, or $0.40 per diluted share. The company projects Q4 revenue between $145-155 million. CEO Michael Plisinski emphasized growth potential in advanced packaging and the successful roll-out of new systems.
FAQ
What is the current stock price of Onto Innovation (ONTO)?
What is the market cap of Onto Innovation (ONTO)?
What does Onto Innovation Inc. specialize in?
Where is Onto Innovation Inc. headquartered?
On which stock exchange is Onto Innovation Inc. listed?
What regions does Onto Innovation Inc. operate in?
What are some key technologies offered by Onto Innovation Inc.?
What is the main goal of Onto Innovation Inc. for its customers?
How does Onto Innovation Inc. support its customers?
What recent achievements has Onto Innovation Inc. made?
Is Onto Innovation Inc. involved in any current projects?
What is the company's role in the semiconductor industry?
