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Stock impact report

Onto Innovation Targets Hybrid Metrology Growth With Rigaku Investment [Yahoo! Finance]

Onto Innovation Inc. (ONTO) 
Last onto innovation inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Onto Innovation (NYSE:ONTO) has announced a new alliance with Rigaku Holdings that includes a significant minority equity investment. The partnership focuses on advancing hybrid metrology solutions for next generation semiconductor manufacturing, particularly in logic and memory. The companies plan coordinated development of intellectual property and a joint go to market approach for advanced chip production tools. For investors tracking NYSE:ONTO, this move comes with the shares at $295.09, following returns of 16.8% over the past week and 47.4% over the past month. The stock has also recorded 77.9% year to date, 163.1% over 1 year, 258.5% over 3 years and a very large 5 year gain. This places the current news in the context of already strong share price momentum. This new relationship with Rigaku changes Onto Innovation's opportunity set in advanced process control, especially as chipmakers work on tighter tolerances in logic and memory. Readers may want to track how quickl Show less Read more
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