- The trend has been down until fairly recently, but the charts suggest the trend has changed and it is time for long ONTO.
- Sales and profits continue to rise at ONTO and the outlook suggests the second half of 2022 is likely to be stronger than the first half.
- Multiples for ONTO are fair, but there is reason to be concerned about whether semiconductor demand will hold up in the near future.
- Long ONTO is tempting, especially with recent price action, but current market conditions argue in favor of playing it safe.
For further details see:
Onto Innovation: Pros And Cons Of Going Long