BidaskClub Upgrades Onto Innovation (NASDAQ:ONTO) to “Sell”

Onto Innovation (NASDAQ:ONTO) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, BidAskClub reports.

NASDAQ:ONTO opened at $29.50 on Friday. The firm has a 50 day simple moving average of $33.08 and a 200-day simple moving average of $32.24. Onto Innovation has a 1-year low of $20.32 and a 1-year high of $42.50.

Onto Innovation (NASDAQ:ONTO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $134.95 million during the quarter, compared to analyst estimates of $133.95 million.

Onto Innovation Company Profile

Onto Innovation Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements.

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