Jun. 17 at 12:00 PM
$ONTO Onto Innovation initiated with a Buy at Freedom Broker
Freedom Broker initiated coverage of Onto Innovation with a Buy rating and
$370 price target. Onto is a semiconductor process control vendor with exposure to advanced packaging inspection and lithography, advanced node metrology, and specialty and software applications, the analyst tells investors in a research note. The firm says the company is "entering a structural growth phase," supported by AI-driven advanced packaging demand, rising metrology intensity and portfolio expansion.