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Upturn AI SWOT - About
ONTO 
Onto Innovation Inc (ONTO)
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Upturn Advisory Summary
06/20/2025: 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
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $145.8
1 Year Target Price $145.8
| 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 06/20/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.93B USD | Price to earnings Ratio 22.38 | 1Y Target Price 145.8 |
Price to earnings Ratio 22.38 | 1Y Target Price 145.8 | ||
Volume (30-day avg) 9 | Beta 1.45 | 52 Weeks Range 85.88 - 238.93 | Updated Date 07/1/2025 |
52 Weeks Range 85.88 - 238.93 | Updated Date 07/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.51 |
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 - | When - | Estimate - | Actual - |
Profitability
Profit Margin 21.36% | Operating Margin (TTM) 25.04% |
Management Effectiveness
Return on Assets (TTM) 6.46% | Return on Equity (TTM) 11.83% |
Valuation
Trailing PE 22.38 | Forward PE 20.33 | Enterprise Value 4096891044 | Price to Sales(TTM) 4.81 |
Enterprise Value 4096891044 | Price to Sales(TTM) 4.81 | ||
Enterprise Value to Revenue 4 | Enterprise Value to EBITDA 15.39 | Shares Outstanding 48874300 | Shares Floating 48520987 |
Shares Outstanding 48874300 | Shares Floating 48520987 | ||
Percent Insiders 0.72 | Percent Institutions 98.24 |
Analyst Ratings
Rating 3 | Target Price 145.8 | Buy 2 | Strong Buy 4 |
Buy 2 | Strong Buy 4 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Onto Innovation Inc
Company Overview
History and Background
Onto Innovation Inc. (ONTO) was formed in October 2019 through the merger of Nanometrics Incorporated and Rudolph Technologies. Nanometrics was founded in 1984 and Rudolph Technologies in 1968. The merger created a broader portfolio of process control solutions for the semiconductor industry and beyond.
Core Business Areas
- Metrology: Provides systems used for macro defect inspection, OCD metrology, film thickness, and surface topography measurement across the semiconductor and advanced packaging markets.
- Inspection: Offers automated inspection systems for front-end and back-end manufacturing, including unpatterned and patterned wafer inspection.
- Software and Analytics: Provides software solutions for data analysis, yield management, and process optimization.
Leadership and Structure
The CEO is Michael Plisinski. The company has a board of directors and a structured management team overseeing various business units and functions such as sales, marketing, engineering, and operations.
Top Products and Market Share
Key Offerings
- Atlas Product Family (Inspection): High-resolution inspection system used to detect defects and process variations on wafers. Significant competitors in this space are KLA (KLAC) and ASML (ASML). Onto's market share within macro defect inspection is estimated to be around 25%. Revenue data is not publicly disaggregated by product line.
- Firefly Product Family (Metrology): Metrology system used for OCD measurements for critical dimensions and thin film thickness. Key competitors are KLA (KLAC), Applied Materials (AMAT), and Nova Measuring Instruments (NVMI). Onto's market share within OCD Metrology is estimated to be around 18%. Revenue data is not publicly disaggregated by product line.
- Discover Software: Software suite for data analytics, defect review and classification, and yield management. Competitors include PDF Solutions (PDFS) and KLA (KLAC). Revenue data is not publicly disaggregated by product line. No specific market share data is available to the general public.
Market Dynamics
Industry Overview
The semiconductor manufacturing equipment market is highly cyclical, driven by demand for semiconductors in various applications like consumer electronics, automotive, and data centers. It is also capital intensive, with high barriers to entry.
Positioning
Onto Innovation Inc. is positioned as a leading provider of process control solutions. Their competitive advantages include a broad product portfolio, strong customer relationships, and technological expertise. They are focused on addressing the challenges of advanced packaging and specialty devices.
Total Addressable Market (TAM)
The total addressable market for semiconductor manufacturing equipment is estimated to be hundreds of billions of dollars annually. Onto Innovation Inc. addresses a significant portion of this market through its process control offerings and is striving to increase its share.
Upturn SWOT Analysis
Strengths
- Broad product portfolio
- Strong customer relationships
- Technological expertise
- Experience in advanced packaging and specialty devices
Weaknesses
- High dependence on the cyclical semiconductor industry
- Smaller size and R&D budget compared to larger competitors
- Integration challenges from merger of Nanometrics and Rudolph
- Limited market visibility for individual product offerings
Opportunities
- Growth in advanced packaging market
- Increasing demand for specialty devices
- Expansion into new geographic markets
- Development of innovative process control solutions
Threats
- Intense competition from larger, more established players
- Economic downturns impacting semiconductor demand
- Technological disruptions in process control
- Geopolitical risks and trade tensions
Competitors and Market Share
Key Competitors
- KLAC
- AMAT
- ASML
- NVMI
Competitive Landscape
Onto Innovation Inc. faces stiff competition from larger and well-established players. However, it differentiates itself through its technological expertise, strong customer relationships, and focus on specialized markets such as advanced packaging. ONTO is gaining market share but is smaller than KLA and Applied Materials
Major Acquisitions
Synapse Engineering
- Year: 2021
- Acquisition Price (USD millions): 13.3
- Strategic Rationale: The acquisition of Synapse Engineering enhanced Onto Innovation Inc.'s software capabilities in process control and data analytics, providing advanced solutions for yield management and defect analysis.
Growth Trajectory and Initiatives
Historical Growth: Onto Innovation Inc. has experienced significant growth in recent years, driven by the increasing demand for its process control solutions.
Future Projections: Analysts project continued revenue and earnings growth for Onto Innovation Inc. in the coming years, driven by the growth in advanced packaging and specialty devices. Revenue estimates are around $900M for 2024.
Recent Initiatives: Recent strategic initiatives include expanding the product portfolio, investing in R&D, and strengthening customer relationships.
Summary
Onto Innovation Inc. is a leading provider of process control solutions that is benefiting from increasing demand from its advanced packaging. The company has a broad product portfolio and strong customer relationships, which will allow it to continue to gain market share in the growing semiconductor industry. The risks facing the company are the cyclical nature of the business, smaller market capitalization size relative to competitors, and technology disruptions. Overall, Onto Innovation is well positioned for long-term success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Investor presentations
- Analyst reports
- Press releases
- Market research reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on thorough research and consultation with a qualified financial advisor. Market share estimates are based on available data and may not be precise.
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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