Onto Innovation Inc. saw a price increase of 5.00%, crossing above its 5-day SMA, while the broader market showed mixed signals with the Nasdaq-100 down 0.23% and the S&P 500 up 0.06%.
This rise is attributed to sector rotation as investors shift their focus towards companies like Onto Innovation Inc. that are positioned to benefit from advancements in semiconductor technology, particularly in the context of AI-driven demand. The company's strong performance in this sector is likely attracting more investor interest, despite the overall market's mixed performance.
The implications of this movement suggest that Onto Innovation Inc. is gaining traction among investors, potentially leading to further price appreciation as the demand for semiconductor solutions continues to grow.
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
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.
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
Needham
Buy
maintain
$200 -> $260
2026-01-20
Reason
Needham
Price Target
$200 -> $260
AI Analysis
2026-01-20
maintain
Buy
Reason
Needham raised the firm's price target on Onto Innovation to $260 from $200 and keeps a Buy rating on the shares. Commentary from the Needham Growth Conference pointed to broad-based demand improvement over the past 90 days, supporting a bullish sector outlook, the analyst tells investors in a research note. Despite strong year-to-date performance, the direction for semicap remains positive, with Q4 earnings expected to deliver multiple catalysts, the firm says.
Needham
Hold
to
Buy
upgrade
€190
2026-01-06
Reason
Needham
Price Target
€190
2026-01-06
upgrade
Hold
to
Buy
Reason
Needham upgraded BE Semiconductor (BESIY) to Buy from Hold with a EUR 190 price target. The firm says high bandwidth memory is transitioning from brute-force stacking to a "plethora of new innovation-based scaling." This ensures HBM "remains the king" of artificial intelligence memory for another 5-10 years, the analyst tells investors in a research note. Needham sees BE benefitting from this trend. It names the stock its 2026 Top Pick. The firm added the shares to its Conviction List, replacing Onto Innovation (ONTO).
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Needham
Charles Shi
Buy
upgrade
$150 -> $200
2026-01-06
Reason
Needham
Charles Shi
Price Target
$150 -> $200
2026-01-06
upgrade
Buy
Reason
Needham analyst Charles Shi raised the firm's price target on Onto Innovation to $200 from $150 and keeps a Buy rating on the shares. The firm also removed Onto Innovation from its Conviction List in place of BE Semiconductor. Needham says high bandwidth memory is transitioning from brute-force stacking to a "plethora of new innovation-based scaling." This ensures HBM "remains the king" of artificial intelligence memory for another 5-10 years, the analyst tells investors in a research note. Needham believes the back-end semiconductor capital equipment names will outperform the front-end in 2026. It encourages investors to "look for names in this space that has been forgotten for a while."
Cantor Fitzgerald
Neutral
maintain
$130 -> $170
2025-12-16
Reason
Cantor Fitzgerald
Price Target
$130 -> $170
2025-12-16
maintain
Neutral
Reason
Cantor Fitzgerald raised the firm's price target on Onto Innovation to $170 from $130 and keeps a Neutral rating on the shares. The SOX is positioned to lead markets higher after outperforming the S&P by roughly 30 points in CY25, supported by the early stages of the AI era driving demand across compute, networking, memory, and equipment, the analyst tells investors in a research note. While cyclical factors may create mixed signals, the macro backdrop and expected exponential growth in AI infrastructure spending support a long position in the SOX and overweight exposure to AI-related plays into CY26, the firm says.
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.
