On July 31, Onto Innovation Inc. rose 7.78% in pre-market trading, trading at $270.0/share, with turnover of $120,000. The stock had previously declined over 16% across three consecutive trading sessions and has now recovered most of those losses.
On the news front, consensus estimates show Onto Innovation Inc. is expected to report quarterly revenue of $325 million, representing a 28.93% year-over-year increase, with adjusted earnings per share of $1.69, up 33.08% year-over-year. The earnings report is scheduled for August 6. Institutions broadly hold an optimistic view on the performance elasticity driven by semiconductor equipment demand recovery, with favorable earnings expectations combined with sector-wide momentum fueling the rebound.
Within the Semiconductor Equipment sector, the overall tone is positive. Among individual stocks, Lam Research up 4.32%, Applied Materials up 4.5%, ASML Holding NV up 2.54%, KLA-Tencor up 4.53%, Teradyne up 4.62%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)