ONTO - Onto Innovations: An Interesting But Demanding Story

2024-01-28 03:31:37 ET

Summary

• Onto Innovation's shares have quadrupled since the start of the pandemic, despite volatility in the market.
• The company aims to solve complex challenges in the semiconductor sector and has seen significant growth in sales and operating margins.
• The stock's valuation has become demanding, but investors are optimistic about Onto's role in AI and its healthy order intake for its Dragonfly systems.

At a time when the semiconductor market at large is showing real signs of life, with the shares of various participants hitting fresh highs, a previously smaller firm grabs its moment of fame as well. One of such under covered names is Onto Innovation ( ONTO ) , a semiconductor name which has seen its shares quadruple since the start of the pandemic....

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