Onto Innovation

ONTO

Market cap $12.8B

Jim Cramer called it “the greatest time in the history of the industry” on Mad Money Thursday night, and the data is screaming the same thing: Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) is up 75% year to date as the AI data center buildout has triggered shortages across every node, every fab, and every piece of capital equipment that touches a wafer.

Everyone's chasing obvious AI semiconductor names. NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) sits at a $5.15 trillion market cap.

ONTO targets more than 30% 2026 revenue growth to over $1.3B, citing AI-driven demand and new Dragonfly/Atlas systems - execution risks remain.

ONTO's AI-driven packaging push, $240M Dragonfly deal and 30%+ revenue growth outlook put it ahead of NVMI in the metrology race.

ONTO, FLYW, and GPRE made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 21, 2026.

WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation,” “Onto,” or the “Company”) today announced that its senior management team will participate in the following upcoming investor events: B. Riley Securities 26th Annual Institutional Investor Conference at the Ritz Carlton in Marina Del Ray, California, on May 21. TD Cowen 54th Annual Technology, Media & Telecom Conference at the InterContinental New York Barclay, New York, New York, on May 27. Evercore 2.

WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation” or the “Company”) today announced the pricing of its private offering of $1,300,000,000 aggregate principal amount of 0.00% Convertible Senior Notes due 2031 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased from the previously announced $1,100,000.

WILMINGTON, Mass.--(BUSINESS WIRE)---- $ONTO--Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation” or the “Company”) today announced that it intends to offer, subject to market and other conditions, $1,100,000,000 aggregate principal amount of Convertible Senior Notes due 2031 (the “Notes”), to be sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Onto Innovation also expects to grant to.

Onto Innovation's Dragonfly G5 and Atlas G6 are gaining AI chip traction, with HBM deals and advanced-node growth fueling momentum in 2026.

LITE, ONTO and TPR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 14th, 2026.