Onto Innovation stock closed lower, underperforming market, but analysts have favorable outlook

From Nasdaq: 2024-12-20 18:15:09

Onto Innovation (ONTO) closed at $167.25, -0.15% from the previous session, underperforming the S&P 500. Stock climbed 0.6% in the past month, falling short of the Computer and Technology sector’s gain. Earnings report expected with projected EPS of $1.39 and revenue of $259.43 million. Analysts suggest a favorable outlook on the company.

New top chip stock recommended by Zacks, much smaller than NVIDIA, with room to grow. Positioned to meet the demand for AI, ML, and IoT. Semiconductor industry projected to grow from $452 billion in 2021 to $803 billion by 2028. Investors can access more information on Zacks.com for further insights and recommendations.



Read more at Nasdaq: Onto Innovation (ONTO) Stock Sinks As Market Gains: What You Should Know