Onto Innovation Inc. has a bullish thesis according to Francesco Ferrari on Business Invest’s Substack. The company’s shares were trading at $147.00 on December 1st with trailing and forward P/E ratios of 41.41 and 23.92 respectively. Onto designs advanced inspection and metrology systems for semiconductor manufacturing, vital for detecting defects and improving yields. With a market cap of $6.47 billion, Onto operates at the intersection of hardware and software, offering integrated solutions for quality control and process efficiency. Despite a beta of 1.60 indicating higher volatility, Onto has shown strong growth potential with a 34.7% compound annual growth rate in its share price over the last five years. The company’s precision measurement systems are in high demand from logic and memory manufacturers transitioning to more advanced nodes, positioning Onto for further growth in the semiconductor industry.

Read more at Yahoo Finance: Onto Innovation Inc. (ONTO): A Bull Case Theory