Onto Innovation's Recent Share Filing Reveals Shift in Growth Strategy

Onto Innovation filed a shelf registration for up to 641,771 shares of common stock valued at $80.39 million and updated its Q4 revenue guidance to $258 million-$275 million. The move highlights the company's efforts to accelerate growth through targeted acquisitions, with the Semilab deal expected to add $8 million-$10 million in revenue in six weeks. The anticipated revenue boost from the Semilab acquisition may influence Onto Innovation's broader investment narrative and outlook.