Eric Jhonsa
Technology Portfolio Manager at Dutch Asset
Onto Innovation looks good around current levels because it is cheaper than many of its peers. The comparison comes in reply to @Opu61659893, who argued that a structural shift toward heterogeneous integration and advanced packaging should favor names like Amkor, Onto and Entegris, and that an AI capex unwind would slow but not kill it. Amkor could also work from here, though ASE is a little cheaper. x.com
Onto Innovation is one of the best electronics plays in fiber optics and communications. It is profitable with growing sales, a 0.6 PEG, raised estimates and top ratings with large price targets, and it has returned 5x the Nasdaq-100 over the past year. x.com
Onto Innovation looks cheap against its earnings, trading at 31x forward earnings versus the roughly 38x chip-equipment makers usually get. Applying 38x to next year's forecast $9.95 a share, give or take 12%, puts fair value at about $333–423, versus $308.30 now. The case leans on that forecast, with forward EPS 102% above trailing, and rests on valuation levels from reported earnings and estimates, not fundamental work. x.com
KLA trades at a premium valuation despite lower growth and less specialization in advanced packaging, the hottest AI segment. Camtek and Onto Innovation often win specific inspection and metrology sockets with better throughput, cost of ownership and packaging-optimized 2D/3D performance, while KLA, dominant overall, is sometimes less specialized for the hardest HBM and hybrid bonding steps. Onto shows the strongest Rule of X at the lowest cash-flow multiple. x.com
Europe's AI and tech names are the ones worth owning through 2030, unlike its boring banks, automakers and pharma. Picks: Nebius as a neocloud; Rolls-Royce for SMRs; Sivers, IQE, Aixtron, Nynomic and Soitec in photonics; BESI, ASML, SUSS MicroTec and LPKF in chip tools; Arm, Infineon and STMicroelectronics in chips; ABB and Schneider Electric in automation and power; Nokia in AI networking; Scottish Mortgage. Spotify is a great company but not a buy until next year amid the SaaS selloff. x.com … Show more
Amkor Technology is having a moment as an electronics play upstream of the hyperscalers, with strong metrics and a massive, growing backlog. The stock held its support trendline and is on the verge of breaking above its pullback resistance line. x.com
