Stifel Reiterates Hold Rating on Onto Innovation Inc. (ONTO)

Stifel analyst Brian Chin reiterated a Hold rating and $220.00 price target on Onto Innovation Inc. (NYSE: ONTO).

The analyst commented, "On Monday, Onto achieved a milestone with a successful evaluation/customer acceptance of its new Dragonfly G5 inspection/ metrology platform. This follows Onto shipping a handful of evaluation systems to leading memory/logic IDMs from late last year onwards.Per Onto’s press release, an HBM customer (we suspect SK Hynix) selected both the G5 and Onto’s 3Di technology module in competitive evaluations, with >10 systems of each ordered and expected to ship starting in 2Q26.On the back of this HBM4 application win, Onto reiterated its target to grow advanced packaging revenue >30% in CY26. We are encouraged by this update and await the outcomes of parallel track evaluations of G5 at other memory, and importantly, logic advanced packaging applications."

For an analyst ratings summary and ratings history on Onto Innovation Inc. click here. For more ratings news on Onto Innovation Inc. click here.

Shares of Onto Innovation Inc. closed at $194.64 yesterday.

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