Needham & Company LLC assumed coverage on shares of Onto Innovation (NASDAQ:ONTO) in a research note released on Thursday, The Fly reports. The firm issued a buy rating and a $47.00 price objective on the stock.
Separately, TheStreet upgraded shares of Onto Innovation from a c+ rating to a b- rating in a research report on Monday, October 28th.
Shares of ONTO stock traded down $0.25 during trading on Thursday, hitting $34.82. The company had a trading volume of 719,100 shares, compared to its average volume of 226,223. Onto Innovation has a one year low of $25.52 and a one year high of $38.60.
Onto Innovation Company Profile
Onto Innovation Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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