DA Davidson Maintains Buy Rating for Onto Innovation: Here's What You Need To Know

DA Davidson has decided to maintain its Buy rating of Onto Innovation ONTO and raise its price target from $90.00 to $95.00.

Shares of Onto Innovation are trading down 2.53% over the last 24 hours, at $80.64 per share.

A move to $95.00 would account for a 17.81% increase from the current share price.

About Onto Innovation

Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Asia, and Europe, with China and South Korea the largest sources of total revenue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.