On April 28, Onto Innovation fell 7.13% intraday, trading at $281.55 per share, with trading volume of $40.46 million. The decline extends consecutive sessions of weakness, following a 5.33% drop in the prior trading session.
The semiconductor equipment sector continues to face broad-based selling pressure. Within the sector, ASML Holding fell 3.09%, Applied Materials fell 4.89%, Lam Research fell 4.0%, KLA-Tencor fell 3.64%, and Teradyne fell 3.36%, reflecting persistent sector-wide headwinds.
Additionally, Onto Innovation is scheduled to report earnings on May 5 after market close. Consensus estimates project quarterly revenue of approximately $292 million, representing a 9.68% year-over-year increase. However, adjusted earnings per share are expected to decline 3.44% year-over-year to approximately $1.42. Last quarter, the company posted revenue of $267 million with a net margin of 3.95% and adjusted EPS of $1.26, which reflected a 16.56% year-over-year decline. The anticipated earnings pressure may be amplifying near-term volatility as the report date approaches.
(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.)
