Movement Alert|Onto Innovation Inc. Falls 5.15% in Regular Trading, Semiconductor Equipment Sector Under Pressure Ahead of Earnings Release

Market Focus
Aug 06

On August 6, Onto Innovation Inc. declined 5.15% in regular trading, trading at 269.2 USD/share, with turnover of approximately $33.64 million.

On the news front, the company is scheduled to release its Q2 earnings report after market close today, with market consensus expecting quarterly revenue of $325 million, up 28.93% year-over-year, and adjusted earnings per share of $1.69, up 33.08% year-over-year. Morgan Stanley previously assigned an overweight rating with a $371 target price.

Within the Semiconductor Equipment sector, the broader group is under pressure ahead of the earnings release. Applied Materials fell 1.86%, Lam Research declined 1.63%, and KLA Corporation slipped 0.5%, while ASML Holding rose 1.45%. Pre-earnings profit-taking and positioning activity intensified, with the stock giving back its prior session gain of 5.41% as capital flows shifted ahead of the results.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10