Initiated Overweight X

ONTO Onto Innovation

Cantor Fitzgerald

$250

Initiated Outperform X

ONTO Onto Innovation

Oppenheimer

$260

Upgrades Hold Buy X

ONTO Onto Innovation

Needham

Initiated Buy X

ONTO Onto Innovation

Jefferies

$190 $265

Reiterated Buy X

ONTO Onto Innovation

B. Riley Securities

$235 $250

Initiated Outperform X

ONTO Onto Innovation

Evercore ISI

$235

Downgrades Buy Hold X

ONTO Onto Innovation

Needham

Initiated Buy X

ONTO Onto Innovation

Jefferies

$100

ONTO  Onto Innovation Inc.

Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. The company also provides spare parts and software licensing services. Its products are used by semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; analog device; RF filter; data storage; and various industrial and scientific applications. The company was formerly known as Rudolph Technologies, Inc. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.