Onto Innovation Inc. reaches 20-day high amid broad market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 05 Jan 26
Source: NASDAQ.COM
Onto Innovation Inc. saw a price increase of 7.72%, reaching a 20-day high, supported by positive movements in the broader market.
This surge is attributed to broad market strength, with the Nasdaq-100 up 1.17% and the S&P 500 gaining 0.81%. The stock's performance reflects a favorable environment for technology stocks, which are benefiting from increased investor confidence and market optimism.
The strong market conditions suggest that Onto Innovation Inc. is well-positioned to capitalize on ongoing trends in the semiconductor industry, potentially leading to further growth in the coming weeks.
Analyst Views on ONTO
Wall Street analysts forecast ONTO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONTO is 172.00 USD with a low forecast of 126.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 213.120
Low
126.00
Averages
172.00
High
200.00
Current: 213.120
Low
126.00
Averages
172.00
High
200.00
About ONTO
Onto Innovation Inc. is engaged in the design, development, manufacture and support of metrology and inspection tools for the semiconductor industry. The Company’s products include Automated Metrology Systems; Integrated Metrology Systems; Silicon Wafer All-surface Inspection/Characterization; Macro Defect Inspection; Automated Defect Classification and Pattern Analysis; Yield Analysis; Opaque Film Metrology, and others. Its products are used by silicon wafer manufacturers, semiconductor integrated circuit fabricators, and advanced packaging manufacturers operating in the semiconductor market. Its products are also used for process control in several other specialty device manufacturing markets, including light-emitting diodes, vertical-cavity surface-emitting lasers, micro-electromechanical systems, CMOS image sensors, silicon and compound semiconductor power devices, analog devices, RF filters, and others. It also offers three advanced product lines, including FAaST, CnCV and MBIR.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
