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Onto Innovation, Inc.Onto Innovation, Inc.Onto Innovation, Inc.

Onto Innovation, Inc.

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ONTO trade ideas

i am long on ONTOOnto Innovation, Inc. (NYSE: ONTO) is a mid-cap company in the semiconductor equipment sector, offering metrology, defect inspection, lithography tools, and software for chipmakers It’s been a volatile stock, down ~53% over the past year, with its 52‑week range at about $85.88–$228.42 Average Wall Street target: ≈ $135–142, suggesting ~40–46% upside from the ~$98 current price. Low edge: $90 — implies ~10% downside. High edge: $190 — implies nearly +94% upside.
NYSE:ONTOLong
by stocktwists
4
ONTO got smoked - opportunity?I had this as a buy at higher levels, but support was lost and I exited my position at a small loss. We have now dropped over 30% today, the earnings suggest 2-4 tough quarters ahead. But I believe this to be one of the best opportunities in the semiconductor space. It’s a smaller cap stock and they focus on providing metrology solutions, advanced packaging for AI. Expect wild swings to the downside and upside, I believe the downside swing has just occurred as investors don’t have the patience to hold through a cyclical downturn. I’m dipping my toes into this now, not financial advice, do what’s best for you.
NYSE:ONTOLong
by NoFOMO_
Mid Cap Hyper Growth GemSemiconductors are a highly cyclical investment. Small to mid cap names in this industry are particularly vulnerable to large drops, as we can see with ONTO. This presents an excellent investment opportunity for those brave investors willing to take a small position and dollar cost average down as the price continues to fall. ONTO is at the top of my list in regards to this profile, a fast growing semiconductor equipment supplier that has experienced solid growth with their advanced packaging offering. They specialise in metrology solutions, competing with the likes of KLA corp. From a TA perspective, we are sitting at the 200 week moving average, a strong monthly support level and a golden pocket fib retracement level. This doesn't guarantee that support will hold, but it's a good place for me to take an initial position in this high growth company operating in the AI related industry. Not financial advice, do what's best for you.
NYSE:ONTOLong
by NoFOMO_
ONTO - Bullish chip proxyI bought into ONTO this year on Aug earnings as part of a mid-cap play riding on the anticipation of a US rate cut that would help smaller businesses. I bought on the hype then sold the next day (I did that with a few small and mid caps I noted in past public publishings that I had published publicly). The stock went decently higher after I had sold the earnings play and came back down to a higher low, filling the gap from Aug 9th….where I bought again (current A). Sold again (sold A). I bought it again above my last sold price because I think I need to be in this one hard. Their business is supplying measurement equipment and services to chip makers. Chat GPT shows an impressive list of clients for ONTO. I also asked GPT for the closest competitor and it listed KLA (KLAC on NASDAQ) among others. KLAC has broken below the 200sma which has been attributed to the ASML decline, far more than ONTO. I tried to find how much KLA’s business depends on ASML as compared to ONTO but cannot find good data. There lies a certain risk I suppose. KLA is 9x the market cap of ONTO. I am buying both equally. I don’t have KLA just yet but will get it caught up Monday first thing and dca the rest into its earnings. For context: ONTO did 75% from Nov lows 2023 to March 2024 and KLA did 55% in the same months. Cheers, MR
NYSE:ONTOLong
by Mr_Robbers
$ONTO can fall in the next daysContextual immersion trading strategy idea. Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and metrology, lithography systems, and process control analytical software worldwide. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $56.83; stop-loss — $61.19. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:ONTOShort
by KozakHlib
2