🔴 Onto Innovation is trading 4.6% down today after apparent profit-taking following earnings-driven rally

Onto Innovation is trading 4.6% down at $294.24, apparently due to profit-taking after its sharp earnings-driven rally.

• On August 7, shares rose 14.74% to $308.30.
• Second-quarter results exceeded estimates, and management raised its second-half outlook.
• On August 10, Onto Innovation announced completion of its approximately $720 million, 27% Rigaku investment; available coverage does not directly link it to the decline, while the broader market is mixed.