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Upturn AI SWOT - About
ONTO 
Onto Innovation Inc (ONTO)
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Upturn Advisory Summary
08/14/2025: ONTO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $125
1 Year Target Price $125
| 4 | Strong Buy |
| 2 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -26.29% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.39B USD | Price to earnings Ratio 27.24 | 1Y Target Price 125 |
Price to earnings Ratio 27.24 | 1Y Target Price 125 | ||
Volume (30-day avg) 9 | Beta 1.44 | 52 Weeks Range 85.88 - 228.42 | Updated Date 08/15/2025 |
52 Weeks Range 85.88 - 228.42 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.04 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When After Market | Estimate 1.28 | Actual 1.25 |
Profitability
Profit Margin 19.29% | Operating Margin (TTM) 19.1% |
Management Effectiveness
Return on Assets (TTM) 6.31% | Return on Equity (TTM) 10.53% |
Valuation
Trailing PE 27.24 | Forward PE 22.47 | Enterprise Value 4510336027 | Price to Sales(TTM) 5.2 |
Enterprise Value 4510336027 | Price to Sales(TTM) 5.2 | ||
Enterprise Value to Revenue 4.35 | Enterprise Value to EBITDA 17.78 | Shares Outstanding 49003600 | Shares Floating 48650256 |
Shares Outstanding 49003600 | Shares Floating 48650256 | ||
Percent Insiders 0.72 | Percent Institutions 90.71 |
Upturn AI SWOT
Onto Innovation Inc
Company Overview
History and Background
Onto Innovation Inc. was formed in October 2019 through the merger of Rudolph Technologies and Nanometrics Incorporated. Rudolph Technologies was founded in 1990, and Nanometrics was founded in 1975. The combined company focuses on process control solutions for the semiconductor industry.
Core Business Areas
- Inspection: Provides automated macro defect inspection of wafers and devices.
- Metrology: Offers dimensional and materials metrology solutions for process monitoring and yield management.
- Software and Analytics: Provides software solutions for data analysis, process control, and yield optimization.
- Lithography: Develops and manufactures lithography systems used in advanced packaging and specialty device manufacturing.
Leadership and Structure
Michael Plisinski serves as the Chief Executive Officer. The organizational structure is based on functional departments, including sales, marketing, engineering, and operations, reporting to executive leadership.
Top Products and Market Share
Key Offerings
- Atlas(R) Series: Macro defect inspection systems used for wafer and device inspection. Market share information is difficult to ascertain specifically for this product, but Onto Innovation is a significant player in the overall macro inspection market, competing with KLA and Camtek. No specific revenue data is available for this product.
- SpectraFilm(R) Series: Thin film metrology systems for measuring film thickness and optical properties. Competing companies are KLA and Nova Measuring Instruments. No specific market share data is publicly available for this product.
- Discover(R) Series: Process control systems used to monitor chip manufacturing to detect anomalies that could cause device failure. Competitors include Camtek and KLA. No specific revenue data is available for this product.
- JetStep(R) Lithography Systems: Lithography systems for advanced packaging. Competing Companies are ASML and Canon. No specific revenue data is available for this product.
Market Dynamics
Industry Overview
The semiconductor equipment industry is characterized by high cyclicality and rapid technological innovation. Key drivers include demand for advanced semiconductors, increasing complexity of manufacturing processes, and the need for improved yield and process control.
Positioning
Onto Innovation is positioned as a provider of comprehensive process control solutions, with a focus on inspection, metrology, and lithography. Its competitive advantage lies in its integrated product portfolio and its ability to address the evolving needs of the semiconductor industry.
Total Addressable Market (TAM)
The semiconductor manufacturing equipment market is expected to reach hundreds of billions of dollars. Onto Innovation is positioned to capture a portion of this TAM by addressing key challenges in process control.
Upturn SWOT Analysis
Strengths
- Comprehensive product portfolio
- Strong customer relationships
- Innovative technology
- Experienced management team
- Strong free cash flow generation
Weaknesses
- Dependence on the cyclical semiconductor industry
- Smaller market capitalization compared to larger competitors
- Limited brand recognition compared to larger competitors
- Susceptibility to economic downturns.
Opportunities
- Growth in advanced packaging
- Increased demand for process control solutions
- Expansion into new markets
- Technological advancements in semiconductor manufacturing.
- Increasing complexity of semiconductor manufacturing which requires more complex testing and solutions.
Threats
- Intense competition
- Technological obsolescence
- Economic downturns
- Geopolitical risks
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- KLA
- CAMT
- NMI
Competitive Landscape
Onto Innovation competes with larger, more established companies such as KLA, Camtek, and Nova Measuring Instruments. Onto Innovation benefits from integrated product offerings. However, the company needs to continue to innovate to stay competitive.
Major Acquisitions
Image Metrology A/S
- Year: 2020
- Acquisition Price (USD millions): 35
- Strategic Rationale: Acquired Image Metrology A/S to expand its portfolio of metrology solutions.
Growth Trajectory and Initiatives
Historical Growth: Onto Innovation has experienced consistent growth in recent years, driven by strong demand for its process control solutions.
Future Projections: Analysts project continued growth for Onto Innovation, driven by increased demand for advanced packaging and growing need for more complex process control. Future revenue is expected to increase year over year by an average of 5-10%.
Recent Initiatives: Onto Innovation has focused on expanding its product portfolio, strengthening its customer relationships, and investing in research and development.
Summary
Onto Innovation is a key player in the semiconductor process control market, with a strong product portfolio and a growing customer base. The company has demonstrated solid financial performance, and analysts project continued growth. Intense competition and the cyclical nature of the industry pose challenges, but strategic initiatives and technological advancements are expected to support the company's future growth. Continued innovation will be key.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
The data and analysis provided are based on publicly available information and should not be considered financial advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Onto Innovation Inc
Exchange NYSE | Headquaters Wilmington, MA, United States | ||
IPO Launch date 1992-02-26 | CEO & Director Mr. Michael P. Plisinski | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 1551 | Website https://www.ontoinnovation.com |
Full time employees 1551 | Website https://www.ontoinnovation.com | ||
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide. The company offers lithography systems and process control analytical software. It also provides process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements. In addition, the company offers process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. Further, it engages in systems and software, spare parts, and other services, as well as offers software licensing services. The company's products are used in semiconductor and advanced packaging device manufacturers; silicon wafers; light emitting diodes; vertical-cavity surface-emitting lasers; micro-electromechanical systems; CMOS image sensors; power devices; analog devices; RF filters; data storage; and various industrial and scientific applications. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.
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