Onto Innovation (ONTO) Reports Third Quarter Earnings

Onto Innovation Inc. (NYSE:ONTO)’s products cater to respective parts of the spot manufacturing process. These see defect inspection, metrology, and packaging. The shares person mislaid 23% year-to-date contempt the AI-generated tailwinds that person helped the semiconductor sector.

The astir caller dip successful Onto Innovation Inc. (NYSE:ONTO)’s shares came yesterday aft the steadfast reported its net study for the 3rd quarter. The results saw it station $218 cardinal successful gross and $0.92 successful net per share. Analysts, connected the different hand, were expecting Onto Innovation Inc. (NYSE:ONTO) to gain $220 cardinal successful gross and $0.89 successful net per share.

Onto Innovation Inc. (NYSE:ONTO) has besides been expanding its operations to turn its beingness successful the semiconductor proviso concatenation and AI manufacturing.  The steadfast announced successful June that it would bargain the materials concern of Hungarian-origin steadfast Semilab. Onto Innovation Inc. (NYSE:ONTO) besides announced successful September that its G6 metrology strategy would people leading-edge spot fabrication technologies specified arsenic gate-all-around (GAA) processes.

While we admit the imaginable of ONTO arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.