Onto Innovation: The Rally Has Started To Wobble Even Though It Remains Intact [Seeking Alpha]
Onto Innovation Inc. (ONTO)
Last onto innovation inc. earnings: 2/6 04:05 pm
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Source: Seeking Alpha
A number of high-profile AI plays are scheduled to report within a month, which could have great repercussions for ONTO. Betting on ONTO at this point is to bet on AI, which may not be everyone's cup of tea due to the risk involved. Onto Innovation ( NYSE: ONTO ), a supplier of equipment for semiconductor manufacturing and packaging, rode on the back of the rise of artificial intelligence or AI for the last 12 months or so. The stock was meandering around, but the arrival of AI led to a rally that resulted in an almost 150% gain at the peak for ONTO. However, the stock has come under pressure lately, along with AI itself. Why will be covered next. The stock rally has lost steam A past article from close to a year ago or June 2023 noted how the stock had finally broken through resistance after being held back for more than a year, a bullish sign. The stock rallied, but the article raised questions as to what was driving the rally after struggling to go higher for quite some ti
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ONTO
News
- Onto Innovation (ONTO) Adds New Capability to Dragonfly System [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Debuts Sub-surface Defect Inspection for Advanced Packaging [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Debuts Sub-surface Defect Inspection for Advanced PackagingBusiness Wire
- Onto Innovation Inc. (NYSE: ONTO) is now covered by analysts at Evercore ISI. They set an "outperform" rating and a $235.00 price target on the stock.MarketBeat
- What Makes Onto Innovation (ONTO) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
ONTO
Earnings
- 2/8/24 - Beat
ONTO
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- ONTO's page on the SEC website