Full-Time
Senior Applications Engineer
Onto Innovation
1,001-5,000 employees
Semiconductor process-control metrology and inspection equipment
Compensation Overview
$115.2k - $172.8k/yr
Company Does Not Provide H1B Sponsorship
Wilmington, MA, USA
In Person
Bachelor's, Master's
 Data & Analytics (1) |
|---|
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- A bachelor's degree in Engineering, Physics, Materials Science, Computer Science, or a related field is required.
- At least 5 years of semiconductor industry experience in yield engineering, process engineering, inspection, metrology, or data analytics is required.
- Strong understanding of semiconductor manufacturing, defectivity management, and yield improvement methodologies is required.
- Experience with customer-facing technical engagements and cross-functional project leadership is required.
- Strong analytical, problem-solving, and communication skills are required.
- Ability to manage multiple priorities in a fast-paced global environment is required.
- Serve as the application expert for the Automated Defect Classification and Discover Yield platforms.
- Develop and deploy Best Known Methods for defect classification, yield analysis, and workflow optimization.
- Support strategic customer engagements, evaluations, and adoption initiatives.
- Analyze inspection, metrology, and yield data to identify opportunities for performance improvement.
- Collaborate with Product Management and Research and Development to influence product enhancements and roadmap priorities.
- Act as an escalation point for complex application and workflow issues.
- Create technical documentation, training materials, and deployment guidelines.
- Deliver technical training to internal and external stakeholders.
- Partner with global Field Applications and Support teams to ensure successful customer outcomes.
- Mentor junior engineers and contribute to team development.
- A master's degree in a related technical field is preferred.
- Experience with automated defect classification, defect classification, yield management, or manufacturing analytics platforms is preferred.
- Knowledge of semiconductor inspection and metrology systems is preferred.
- Proficiency with Python, SQL, JMP, MATLAB, or similar analytical tools is preferred.
- Familiarity with artificial intelligence and machine learning applications for semiconductor manufacturing is preferred.
- Experience supporting leading semiconductor manufacturers and mentoring engineers is preferred.
Onto Innovation provides semiconductor capital equipment and software for process control, metrology, and inspection. Its tools include 3D metrology, macro defect inspection, unpatterned wafer quality assessment, and factory analytics software for front-end fabs, advanced packaging, and specialty manufacturers. It differentiates itself by delivering end-to-end process control across front-end and back-end with integrated hardware and analytics, built from the Nanometrics and Rudolph merger and focused on complex architectures like chiplets and heterogeneous integration. Its goal is to help chipmakers increase device yield, boost productivity, and lower total production costs, aligning with AI infrastructure spending and advanced-node development.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Wilmington, Massachusetts
Founded
2019
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Simplify's Take
What believers are saying
- Q2 2026 revenue hit $343.1 million, up 35.3%, beating consensus again.
- Management signed a 13-year Andover headquarters lease, signaling confidence and hiring capacity.
- Rigaku closed August 10, 2026, expanding Onto into X-ray metrology immediately.
What critics are saying
- A $1.5 billion 2031 convertible stack and $300 million buyback invite dilution pressure.
- Rigaku integration starts after the August 10, 2026 closing; execution slips damage accretion.
- 127 P/E leaves Onto vulnerable if 2026 AI packaging orders cool after Q3.
What makes Onto Innovation unique
- Onto pairs optical metrology with Rigaku X-ray tools for hybrid process control.
- Its 2026 platform spans wafer fabs, advanced packaging, and specialty semiconductor nodes.
- Dragonfly and Atlas target HBM, gate-all-around, and chiplet manufacturing bottlenecks.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
401(k) Retirement Plan
401(k) Company Match
Employee Stock Purchase Plan
Wellness Program
Company News
Bank of America Corp DE sells 40,024 shares of Onto Innovation Inc. $ONTO. August 14, 2026 Key points. * Bank of America reduced its Onto Innovation stake by 17.2%, selling 40,024 shares in the first quarter. It retained 192,850 shares valued at approximately $39.5 million, while institutional investors collectively own 98.35% of the company. * Onto Innovation reported stronger-than-expected quarterly results, with EPS of $1.93 versus the $1.69 consensus and revenue of $343.13 million. Revenue increased 35.3% year over year, and the company issued third-quarter 2026 EPS guidance of $2.18-$2.38. * Analyst sentiment remains positive, with a consensus "Buy" rating and average price target of $378.11; Jefferies raised its target to $400. Shares opened at $338.50, up 0.3%, but trade at a high valuation with a P/E ratio of 127.26. * MarketBeat previews the top five stocks to own by September 1st. Bank of America Corp DE lowered its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,850 shares of the semiconductor company's stock after selling 40,024 shares during the quarter. Bank of America Corp DE owned approximately 0.39% of Onto Innovation worth $39,548,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently added to or reduced their stakes in ONTO. Root Financial Partners LLC boosted its stake in Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company's stock valued at $28,000 after buying an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 115 shares during the last quarter. Millstone Evans Group LLC increased its stake in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 99 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Onto Innovation by 109.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 128 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Onto Innovation during the 4th quarter worth approximately $39,000. Institutional investors own 98.35% of the company's stock. Onto Innovation trading up 0.3%. ONTO opened at $338.50 on Friday. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 127.26, a P/E/G ratio of 1.13 and a beta of 1.59. The stock's 50 day moving average price is $300.98 and its 200-day moving average price is $259.33. Onto Innovation Inc. has a one year low of $101.00 and a one year high of $386.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. Discover more EV market analysis ETF screener access Financial Markets News Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.24. The company had revenue of $343.13 million during the quarter, compared to analysts' expectations of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.Onto Innovation's revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities analysts forecast that Onto Innovation Inc. will post 7.88 EPS for the current year. Analysts set new price targets. A number of research firms recently weighed in on ONTO. Jefferies Financial Group raised their target price on shares of Onto Innovation from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Onto Innovation in a research report on Friday, June 5th. They set a "buy" rating and a $350.00 price objective for the company. Zacks Research raised shares of Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Onto Innovation from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Finally, B. Riley Financial restated a "buy" rating on shares of Onto Innovation in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $378.11. Onto Innovation profile. Onto Innovation NYSE: ONTO is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company's solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications. Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization. Want to see what other hedge funds are holding ONTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Onto Innovation Inc. (NYSE:ONTO - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Onto Innovation, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Onto Innovation wasn't on the list. While Onto Innovation currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Alexandria lands 160K SF tech HQ lease in Andover. In a sign of shifting strategy for the nation's largest lab landlord, Alexandria Real Estate Equities leased an Andover property to a tech company that will primarily occupy it as office space for up to 400 employees. Onto Innovation leased nearly 160,000 square feet at 3000 Minuteman Road in Andover for its new global headquarters. The 13-year lease has initial rent of $17 per square foot, according to an SEC filing. By contrast, median asking lab rents in Boston suburbs still exceed $71 per square foot, according to a recent CBRE report.
Onto Innovation surged 6% on Tuesday following strong earnings from peer company Camtek and broader AI-driven semiconductor demand. The stock has risen 85% year to date. Camtek reported record Q2 revenue of $133 million and disclosed year-to-date bookings exceeding $600 million, with deliveries extending into 2027. The company guided Q3 revenue to $158 million to $160 million and expects Advanced Packaging revenue to grow approximately 70% between Q1 and Q4 2026, driven by AI-linked HBM memory and chiplet architectures. Onto Innovation had already reported strong Q1 results in May, with record revenue of $292 million and advanced nodes revenue up 13% sequentially. Management guided Q2 revenue to $320 million to $330 million. Both companies are benefiting from accelerating demand for advanced packaging inspection tools used in AI chip manufacturing.
Onto Innovation reported second-quarter earnings of $1.93 per share, surpassing the Zacks Consensus Estimate of $1.68 per share. This represents an earnings surprise of 14.88% and compares to earnings of $1.25 per share a year ago. The semiconductor manufacturing equipment maker posted revenues of $343.13 million for the quarter ended June 2026, exceeding the Zacks Consensus Estimate by 5.38%. Year-ago revenues were $253.6 million. Over the last four quarters, the company has beaten consensus EPS estimates three times and topped revenue estimates three times. Onto Innovation shares have gained 74.8% year-to-date, versus the S&P 500's gain of 12.8%. The company currently holds a Zacks Rank #1 (Strong Buy).
Onto Innovation Inc. $ONTO shares sold by Segall Bryant & Hamill LLC. August 1, 2026 Key points. * Segall Bryant & Hamill LLC cut its Onto Innovation stake by 30.9% in the first quarter, selling 123,516 shares and retaining 275,689 shares valued at approximately $56.5 million. * Onto Innovation reported quarterly EPS of $1.42, beating estimates of $1.38, while revenue rose 9.5% year over year to $291.95 million. Analysts expect full-year EPS of $7.14. * Despite a recent "hold" downgrade, analyst sentiment remains positive, with a consensus "Buy" rating and an average price target of $339.60 versus the stock's quoted $257.81 price. * Five stocks we like better than Onto Innovation. Segall Bryant & Hamill LLC lowered its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 30.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 275,689 shares of the semiconductor company's stock after selling 123,516 shares during the period. Onto Innovation comprises approximately 0.7% of Segall Bryant & Hamill LLC's holdings, making the stock its 14th largest position. Segall Bryant & Hamill LLC owned about 0.55% of Onto Innovation worth $56,536,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently added to or reduced their stakes in ONTO. Parallel Advisors LLC lifted its holdings in shares of Onto Innovation by 16.5% in the 1st quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company's stock valued at $81,000 after buying an additional 56 shares during the period. Kestra Advisory Services LLC lifted its holdings in Onto Innovation by 4.9% in the first quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company's stock valued at $281,000 after acquiring an additional 64 shares during the period. Root Financial Partners LLC lifted its holdings in Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 74 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Onto Innovation by 8.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company's stock worth $186,000 after purchasing an additional 92 shares in the last quarter. Finally, Millstone Evans Group LLC grew its stake in shares of Onto Innovation by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 98.35% of the company's stock. Onto Innovation trading up 2.9%. Shares of ONTO opened at $257.81 on Friday. Onto Innovation Inc. has a 12-month low of $89.40 and a 12-month high of $386.46. The stock has a market cap of $12.82 billion, a P/E ratio of 120.47, a PEG ratio of 1.02 and a beta of 1.55. The company has a 50-day moving average of $295.17 and a two-hundred day moving average of $253.36. Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The business had revenue of $291.95 million for the quarter, compared to analyst estimates of $292.00 million. During the same period in the prior year, the business earned $1.51 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts forecast that Onto Innovation Inc. will post 7.14 EPS for the current fiscal year. Wall Street analysts forecast growth. Several analysts recently commented on the stock. Wall Street Zen cut shares of Onto Innovation from a "buy" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $350.00 target price on shares of Onto Innovation in a report on Wednesday, May 6th. Cantor Fitzgerald lifted their price target on shares of Onto Innovation from $350.00 to $410.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. Evercore reissued an "outperform" rating and set a $315.00 price target on shares of Onto Innovation in a research note on Friday, April 17th. Finally, Oppenheimer upped their price target on Onto Innovation from $370.00 to $450.00 and gave the stock an "outperform" rating in a report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $339.60. About Onto Innovation. Onto Innovation NYSE: ONTO is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company's solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications. Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Onto Innovation, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Onto Innovation wasn't on the list. While Onto Innovation currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.