Added to YB: 2025-05-14
Pitch date: 2025-05-11
ONTO [bearish]
Onto Innovation Inc.
-135.41%
current return
Author Info
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Company Info
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.
Market Cap
$9.9B
Pitch Price
$93.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
33.28
P/E
72.00
EV/Sales
9.28
Sector
Semiconductors and Semiconductor Equipment
Category
N/A
Onto Innovation Implosion
ONTO short: Failed TSMC qualification for CoWoS-L (tighter pitch) to KLA, which repurposed process control tools for advanced packaging inspection. Onto can't sell to China. Long KLAC (not pure-play) or CAMT (can sell to China) vs ONTO short recommended. Earnings call revealed serious market share loss.
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