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WILMINGTON, Mass. - Onto Innovation Inc. (NYSE: ONTO), a semiconductor technology company with annual revenue of over $1 billion and currently trading below its Fair Value according to InvestingPro analysis, has appointed Brian Roberts as chief financial officer and Shirley Chen as senior vice president of customer success, effective June 16, 2025, according to a company statement.
Roberts brings 30 years of financial experience, including 20 years as a CFO with 11 years at public companies. He most recently served as CFO at Sensata Technologies (NYSE: ST), a semiconductor technology company with approximately $4 billion in revenue in 2024. He replaces Mark Slicer, who is leaving the company to pursue other opportunities. Roberts joins Onto during a period of strong financial health, with the company maintaining a robust current ratio of 8.42 and an impressive gross profit margin of 53%.
Chen, who will lead Onto’s sales, applications, and service teams, has 25 years of semiconductor industry experience. She previously held leadership positions at KLA and Thermo-Fisher Scientific, where she led a team of over 800 professionals advancing electron microscopy solutions for semiconductor applications.
"Sustaining this pace while transforming the organization to achieve new levels of performance requires a leadership team that is adaptable with exceptional communication and leadership skills," said Mike Plisinski, chief executive officer of Onto Innovation, in the press release.
Both executives will report directly to Plisinski. Roberts will be based in Wilmington, Massachusetts, while Chen will work from Milpitas, California.
Onto Innovation provides process control technologies for the semiconductor industry, including wafer quality assessment, 3D metrology, defect inspection, and factory analytics. The company maintains headquarters and manufacturing facilities in the United States while supporting customers globally. For detailed insights into Onto Innovation’s financial health and growth prospects, including 10+ additional ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Onto Innovation Inc. reported its first-quarter 2025 financial results, surpassing expectations with an earnings per share (EPS) of $1.51 and revenue of $267 million, slightly exceeding the consensus estimates. Despite these positive results, the company provided a second-quarter outlook that fell short of analyst projections, forecasting EPS between $1.21 and $1.35 and revenue between $240 million and $260 million, below the expected $268.5 million. This guidance led to a negative market reaction, with investors expressing concerns over future performance. Analyst firms such as Jefferies and Stifel have downgraded Onto Innovation’s stock from "Buy" to "Hold," adjusting their price targets to $110 and $117, respectively, citing challenges in the Advanced Packaging segment and competitive pressures from companies like KLA. Onto Innovation’s management highlighted robust demand in advanced nodes and the growth of the packaging market, but acknowledged the need to expedite the development of next-generation inspection platforms to address these market challenges. The company is also expanding its manufacturing capabilities in Asia to mitigate tariff impacts and improve business continuity. Despite the current hurdles, Onto Innovation’s CEO remains optimistic about the potential of AI advancements to drive future growth.
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