Onto Innovation Positioned for Record Revenue and Profitability, Analysts Predict

WallStreetZen03-26

Stifel Nicolaus's Brian Chin raised their price target on Onto Innovation (NYSE: ONTO) by 14.4% from $188 to $215 on March 25, 2024. The analyst maintained their Strong Buy rating on the stock.Walking...

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The analyst maintained their Strong Buy rating on the stock.Walking...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/onto-innovation-positioned-for-record-revenue-and-profitability-analysts-predict\">Source Link</a>\n\n</div>\n","source":"wallstreetzen_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Onto Innovation Positioned for Record Revenue and Profitability, Analysts Predict</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOnto Innovation Positioned for Record Revenue and Profitability, Analysts Predict\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-26 13:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/onto-innovation-positioned-for-record-revenue-and-profitability-analysts-predict><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stifel Nicolaus's Brian Chin raised their price target on Onto Innovation (NYSE: ONTO) by 14.4% from $188 to $215 on March 25, 2024. The analyst maintained their Strong Buy rating on the stock.Walking...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/onto-innovation-positioned-for-record-revenue-and-profitability-analysts-predict\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ONTO","symbol_name":"Onto Innovation Inc.","start_time":0,"source_url":"https://www.wallstreetzen.com/news/onto-innovation-positioned-for-record-revenue-and-profitability-analysts-predict","article_id":"2422324006","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1631378297854-185cff6b0986?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE2OTE1ODIxMDF8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422324006","pubTimestamp":1711432440,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"Stifel Nicolaus's Brian Chin raised their price target on Onto Innovation (NYSE: ONTO) by 14.4% from $188 to $215 on March 25, 2024. The analyst maintained their Strong Buy rating on the stock.Walking","collect":0,"end_time":0,"defaultTopTitle":"wallstreetzen.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ONTO":"Onto Innovation Inc.","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","BK4147":"半导体设备","LU0566484027.USD":"安本美国小盘成长股"},"translate_title":"分析师预测，创新将带来创纪录的收入和盈利能力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ONTO":1},"content_text":"Stifel Nicolaus's Brian Chin raised their price target on Onto Innovation (NYSE: ONTO) by 14.4% from $188 to $215 on March 25, 2024. The analyst maintained their Strong Buy rating on the stock.Walking out of a meeting with Onto Innovation's leaders, the analyst reported that management gave no update on the near-term outlook with the company currently in a quiet period. Nevertheless, there was \"an optimistic tone related to a few key focus areas for investors,\" namely growth prospects in advanced packaging, and signs of a cyclical recovery in the wafer fab-driven, advanced nodes business, Chin noted.Their conversation with management reconfirmed that Onto remains on track to achieve its growth goals for this year and is on its way to \"establishing record revenue/profitability through the upcycle,\" the analyst reported.The positive sentiment from the analyst is reflected in the broader market as well. Currently, 100% of top-rated analysts rate ONTO as a Strong Buy or Buy, with no analysts seeing it as a Hold, and none recommending or strongly recommending selling the stock.Since ONTO's last quarterly report on December 30, 2023, the stock price has risen by 20.6%. Year-over-year, the stock is up by an impressive 117.6%. During that period, ONTO has outperformed the S&P 500, which has seen a gain of 31.2%.Brian Chin, the Stifel Nicolaus analyst who issued the price target increase, is ranked in the top 7% of Wall Street analysts by WallStreetZen. With an average return of 31.2% and a win rate of 81.3%, Chin specializes in the Technology and Real Estate sectors.Onto Innovation Inc., formerly known as Rudolph Technologies, Inc., is a company that designs, develops, manufactures, and supports process control tools used in the semiconductor and advanced packaging device manufacturing industry. They offer solutions for macro-defect inspection, metrology, lithography systems, and process control analytical software. The company's products are used in various stages of the production and processing of silicon wafers, as well as in device packaging and test facilities.Headquartered in Wilmington, Massachusetts, Onto Innovation Inc. was founded in 1940 and has established itself as a key player in the semiconductor industry. With an optimistic outlook on advanced packaging growth and signs of a cyclical recovery in the wafer fab-driven business, the company seems poised for continued success in achieving its growth goals and potentially establishing record revenue and profitability through the upcycle.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422324006"}