Onto Innovation (NYSE:ONTO) Price Target Raised to $215.00 at Stifel Nicolaus

Onto Innovation (NYSE:ONTO) had its price objective lifted by Stifel Nicolaus from $180.00 to $215.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other brokerages have also recently issued reports on ONTO. B. Riley Financial lifted their target price on Onto Innovation from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Evercore boosted their price target on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Needham & Company LLC lifted their price objective on Onto Innovation from $200.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $170.00 to $275.00 in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $211.25.

Onto Innovation Stock Up 0.4%

ONTO stock opened at $221.08 on Wednesday. Onto Innovation has a 52-week low of $85.88 and a 52-week high of $229.87. The stock’s 50 day moving average is $189.80 and its two-hundred day moving average is $148.10. The company has a market capitalization of $10.84 billion, a PE ratio of 62.45, a P/E/G ratio of 1.22 and a beta of 1.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its stake in Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Onto Innovation by 188.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 115 shares during the period. Blue Trust Inc. increased its holdings in shares of Onto Innovation by 2,061.5% during the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 268 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in Onto Innovation in the 3rd quarter valued at $37,000. 98.35% of the stock is currently owned by institutional investors.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.