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ONTO Onto Innovation

Onto Innovation is a leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that include: Un-patterned wafer quality; 3D metrology spanning chip features from nanometer scale transistors to large die interconnects; macro defect inspection of wafers and packages; elemental layer composition; overlay metrology; factory analytics; and lithography for advanced semiconductor packaging. Its breadth of offerings across the entire semiconductor value chain helps its customers solve their most difficult yield, device performance, quality, and reliability issues. Onto Innovation strives to optimize customers' critical path of progress by making them smarter, faster and more efficient. Headquartered in Wilmington, Massachusetts, Onto Innovation supports customers with a worldwide sales and service organization.

Company profile

Ticker
ONTO
Exchange
CEO
Timothy Stultz
Employees
Incorporated
Location
Fiscal year end
Former names
NANOMETRICS INC
SEC CIK
IRS number
942276314

ONTO stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Apr 21
31 Jul 21
26 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 126.45M 126.45M 126.45M 126.45M 126.45M 126.45M
Cash burn (monthly) 3.42M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 14.18M n/a n/a n/a n/a n/a
Cash remaining 112.27M n/a n/a n/a n/a n/a
Runway (months of cash) 32.8 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jun 21 Iacopetti Dean Common Stock Sale back to company Dispose D No No 0 1,608 0 5,338
25 Jun 21 Iacopetti Dean Common Stock Sale back to company Dispose D No No 0 1,300 0 6,946
25 Jun 21 Iacopetti Dean Common Stock Sale back to company Dispose D No No 0 1,449 0 8,246
25 Jun 21 Iacopetti Dean Common Stock Sale back to company Dispose D No No 0 2,230 0 9,695
25 Jun 21 Iacopetti Dean Performance Stock Unit Common Stock Sale back to company Dispose D No No 0 724 0 0
25 Jun 21 Iacopetti Dean Performance Stock Unit Common Stock Sale back to company Dispose D No No 0 725 0 0
25 Jun 21 Iacopetti Dean Performance Stock Unit Common Stock Sale back to company Dispose D No No 0 975 0 0
25 Jun 21 Iacopetti Dean Performance Stock Unit Common Stock Sale back to company Dispose D No No 0 975 0 0
16 Jun 21 Michael P Plisinski Common Stock Sell Dispose S No Yes 75.24 1,700 127.91K 247,235
15 Jun 21 Rhine Bruce C Common Stock Sell Dispose S No Yes 75.16 4,296 322.89K 138,538

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

95.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 241 220 +9.5%
Opened positions 49 44 +11.4%
Closed positions 28 12 +133.3%
Increased positions 64 57 +12.3%
Reduced positions 96 86 +11.6%
13F shares
Current Prev Q Change
Total value 3.08B 2.61B +18.0%
Total shares 46.89M 46M +1.9%
Total puts 25.9K 14.3K +81.1%
Total calls 41.4K 88.4K -53.2%
Total put/call ratio 0.6 0.2 +286.7%
Largest owners
Shares Value Change
BLK Blackrock 7.82M $513.98M +3.8%
Vanguard 4.12M $270.62M +32.2%
Dimensional Fund Advisors 1.91M $125.19M -2.2%
STT State Street 1.45M $95.29M +1.3%
Paradigm Capital Management 1.27M $83.18M +0.0%
TimesSquare Capital Management 1.09M $71.48M -13.1%
Fisher Asset Management 1.08M $70.66M -5.7%
Noked Capital 1.03M $67.59M +88.4%
Noked Israel 1.03M $67.59M +88.4%
GS Goldman Sachs 1.02M $66.91M -3.7%
Largest transactions
Shares Bought/sold Change
Wellington Management 834.04K -1.13M -57.5%
Vanguard 4.12M +1M +32.2%
Vaughan Nelson Investment Management 628.66K -608.07K -49.2%
Noked Capital 1.03M +482.54K +88.4%
Noked Israel 1.03M +482.54K +88.4%
Stephens Investment Management 468.08K +468.08K NEW
Hood River Capital Management 989.94K +415.63K +72.4%
Geneva Capital Management 407.18K +407.18K NEW
Robecosam 875K +335K +62.0%
BLK Blackrock 7.82M +288.03K +3.8%

Financial report summary

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Competition
Veeco InstrumentsKLAFormFactorRudolphCamtekNovaPDF Solutions
Risks
  • The effects of the COVID-19 pandemic have affected our business and could in the future adversely affect our business, results of operations, and financial condition.
  • Our largest customers account for a substantial portion of our revenue, and our revenue and cash flows could decline considerably if one or more of these customers were to purchase significantly fewer of our systems or delay or cancel a large order.
  • Variations in the amount of time it takes for us to sell our systems may cause fluctuations in our operating results, which could cause our stock price to decline.
  • We are subject to order and shipment uncertainties. Our profitability will decline if we fail to accurately forecast customer demand when managing inventory.
  • If we deliver systems with defects, our credibility will be harmed and the sales and market acceptance of our systems will decrease.
  • If we are not successful in developing new and enhanced products for the semiconductor device manufacturing industry, we will lose sales and market share to our competitors.
  • If new products developed by us do not gain general market acceptance, we will be unable to generate revenue and recover our research and development costs.
  • Even if we are able to develop new products that gain market acceptance, sales of these new products could impair our ability to sell existing products.
  • Our integrated metrology systems are integrated with systems sold independently by wafer fabrication equipment suppliers, and a decrease in sales by these suppliers, or the development of competing systems by these suppliers, could harm our business.
  • If our relationships with our large customers deteriorate, our product development activities could be adversely affected.
  • We may fail to adequately protect our intellectual property and, therefore, lose our competitive advantage.
  • Protection of our intellectual property rights, or the efforts of third parties to enforce their own intellectual property rights against us, may result in costly and time-consuming litigation, substantial damages, lost product sales and/or the loss of important intellectual property rights.
  • Some of our current and potential competitors have significantly greater resources than we do, and increased competition could impair sales of our products or cause us to reduce our prices.
  • Because of the high cost of switching equipment vendors in our markets, it is sometimes difficult for us to win new customers from our competitors even if our systems are superior to theirs.
  • We must attract and retain experienced senior executives and other key personnel with knowledge of semiconductor device manufacturing and inspection, metrology or lithography equipment and related software to help support our future growth, and competition for such personnel in our industry is high.
  • Any prolonged disruption in the operations of our manufacturing facilities could have a material adverse effect on our revenue.
  • We may outsource select manufacturing activities to third-party service providers, which decreases our control over the performance of these functions and may result in lower quality and functionality of our products.
  • If our network security measures are breached and unauthorized access is obtained to a customer’s data, to our data, or to our information technology systems, we may incur significant legal and financial exposure and liabilities.
  • Our ability to fulfill our backlog may have an effect on our long-term ability to procure contracts and fulfill current contracts.
  • If we do not manage our supply chain effectively, our operating results may be adversely affected.
  • We may choose to acquire new and complementary businesses, products or technologies instead of developing them ourselves, and we may be unable to complete these acquisitions or may not be able to successfully integrate an acquired business in a cost-effective and non-disruptive manner.
  • If we cannot effectively manage growth, our business may suffer.
  • Changes in tax rates or tax liabilities could affect results.
  • Turmoil or fluctuations in the credit markets and the financial services industry may negatively impact our business, results of operations, financial condition or liquidity, and our factoring arrangements may expose us to additional risks.
  • We are subject to various environmental laws and regulations that could impose substantial costs upon us and may harm our business, operating results and financial condition.
  • Any ongoing actions related to the combination of the businesses of Rudolph and Nanometrics may be more difficult, costly or time-consuming than expected and we may fail to realize the anticipated benefits of the 2019 Merger, which may adversely affect our business results and negatively affect the value of our common stock.
  • The failure to complete the successful integration of the businesses and operations of Rudolph and Nanometrics in the expected time frame may adversely affect our future results.
  • Cyclicality in the semiconductor device industry has led to substantial decreases in demand for our systems and may, from time to time, continue to do so.
  • Our future rate of growth is highly dependent on the development and growth of the market for microelectronic device inspection, lithography and metrology equipment.
  • Provisions of our charter documents and of Delaware law could discourage potential acquisition proposals and/or delay, deter or prevent a change in control of our company.
  • Our stock price is volatile.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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