Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Onto Innovation has reported notable financial results for the second quarter, exceeding its previously set guidance ranges.</li><li>This performance comes on the heels of better-than-expected demand for Dragonfly systems, which support advanced AI device packaging, and significant investments in Atlas and Iris systems for advanced nodes.</li><li>The company marked a noteworthy achievement by generating a record $65 million in cash from operations this quarter.</li></ul>

Onto Innovation has reported notable financial results for the second quarter, exceeding its previously set guidance ranges.This performance comes on the heels of better-than-expected demand for Dragonfly systems, which support advanced AI device packaging, and significant investments in Atlas and Iris systems for advanced nodes.The company marked a noteworthy achievement by generating a record $65 million in cash from operations this quarter.

Onto Innovation Inc.: Expanded Market Share in AI Packaging and Advanced Nodes! - Major Drivers

<ul><li>Onto Innovation's Q1 2024 results indicate a solid start to the year, reflecting a robust uptake for high bandwidth memory and logic packaging for AI devices.</li><li>The net quarter revenue upsurged at the top end of the guidance range, a significant 15% rise from the same period the previous year.</li><li>Notably, Onto Innovation's specialty and advanced packaging customers achieved a record growth for the third consecutive quarter, attributing a 64% year on year increase during Q1 2024.</li></ul>

Onto Innovation's Q1 2024 results indicate a solid start to the year, reflecting a robust uptake for high bandwidth memory and logic packaging for AI devices.The net quarter revenue upsurged at the top end of the guidance range, a significant 15% rise from the same period the previous year.Notably, Onto Innovation's specialty and advanced packaging customers achieved a record growth for the third consecutive quarter, attributing a 64% year on year increase during Q1 2024.

Onto Innovation: Opportunities in Advanced Nodes and NAND & Other Major Drivers

<ul><li>Onto Innovation, a leading provider of innovative technological services, recently marked a successful close of its fourth quarter for the fiscal year 2023 with revenue figures exceeding the high-end projection.</li><li>This financial success was primarily credited to the strong demand for the company's Dragonfly inspection systems supporting the packaging of memory and logic devices for AI applications.</li><li>Onto Innovation's CEO, Michael Plisinski, forecasts continued demand for the products reiterating their crucial role in AI device production.</li></ul>

Onto Innovation, a leading provider of innovative technological services, recently marked a successful close of its fourth quarter for the fiscal year 2023 with revenue figures exceeding the high-end projection.This financial success was primarily credited to the strong demand for the company's Dragonfly inspection systems supporting the packaging of memory and logic devices for AI applications.Onto Innovation's CEO, Michael Plisinski, forecasts continued demand for the products reiterating their crucial role in AI device production.

Onto Innovation: Is The Strong Demand For AI Catapulting Them Into A Different League? - Major Drivers

<ul><li>This is our first report on Onto Innovation, a company providing process control and process enabling solutions.</li><li>The company released its Q3 earnings and outlined crucial details about its performance.</li><li>The company reported Q3 revenue and earnings just over the mid-point of guidance, despite the top-line revenue sitting close to the guidance's lower end.</li></ul>

This is our first report on Onto Innovation, a company providing process control and process enabling solutions.The company released its Q3 earnings and outlined crucial details about its performance.The company reported Q3 revenue and earnings just over the mid-point of guidance, despite the top-line revenue sitting close to the guidance's lower end.

Onto Innovation: Initiation of Coverage - Software Integration That's Changing the Game in Semiconductor Tech! – Major Drivers

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Thematic (Sector/Industry)

<ul>
<li>Some more minor data points and highlights: KLIC (ball bonders) says that utilization is 75-80%, which is a good read on China despite the negative industrial headwind.</li>
<li>Allegro Microsystems is definitely scraping the bottom, and while Sanken (its distributor) is still increasing its inventory, I like the setup there.</li>
<li>Arrow Electronics (Distributor) says things are improving, which is a big counterpoint to everything else.</li>
</ul>


Some more minor data points and highlights: KLIC (ball bonders) says that utilization is 75-80%, which is a good read on China despite the negative industrial headwind.
Allegro Microsystems is definitely scraping the bottom, and while Sanken (its distributor) is still increasing its inventory, I like the setup there.
Arrow Electronics (Distributor) says things are improving, which is a big counterpoint to everything else.


United States

Onto Innovation Inc. provides process control solutions and inspection systems. The Company offers solutions which primarily used in the fabrication of semiconductors and other solid-state devices, as well as industrial and scientific applications. Onto Innovation serves customers in the United States.

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Nanometrics Inc (ONTO US)

Onto Innovation: Opportunities in Advanced Nodes and NAND & Other Major Drivers

Onto Innovation's Q1 2024 results indicate a solid start to the year, reflecting a robust uptake for high bandwidth memory and logic packaging for...

Baptista Research

Onto Innovation: Is The Strong Demand For AI Catapulting Them Into A Different League? - Major Drivers

Onto Innovation, a leading provider of innovative technological services, recently marked a successful close of its fourth quarter for the fiscal...

Baptista Research

Onto Innovation: Initiation of Coverage - Software Integration That's Changing the Game in Semiconductor Tech! – Major Drivers

This is our first report on Onto Innovation, a company providing process control and process enabling solutions. The company released its Q3...

Baptista Research

Earnings: ALGM, LRCX, TOLEY, NVMI, ONTO

Hello, this is a slightly more relaxed week of earnings. I’m going to focus a lot on Allegro and then mention some high-level reads. I’ll keep...

Fabricated Knowledge

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52-week Range

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Onto Innovation Inc.: Expanded Market Share in AI Packaging and Advanced Nodes! - Major Drivers

Onto Innovation has reported notable financial results for the second quarter, exceeding its previously set guidance ranges. This performance...

Baptista Research

Onto Innovation: Opportunities in Advanced Nodes and NAND & Other Major Drivers

Onto Innovation's Q1 2024 results indicate a solid start to the year, reflecting a robust uptake for high bandwidth memory and logic packaging for...

Baptista Research

Onto Innovation: Is The Strong Demand For AI Catapulting Them Into A Different League? - Major Drivers

Onto Innovation, a leading provider of innovative technological services, recently marked a successful close of its fourth quarter for the fiscal...

Baptista Research

Onto Innovation: Initiation of Coverage - Software Integration That's Changing the Game in Semiconductor Tech! – Major Drivers

This is our first report on Onto Innovation, a company providing process control and process enabling solutions. The company released its Q3...

Baptista Research

Earnings: ALGM, LRCX, TOLEY, NVMI, ONTO

Hello, this is a slightly more relaxed week of earnings. I’m going to focus a lot on Allegro and then mention some high-level reads. I’ll keep...

Fabricated Knowledge