B. Riley Raises its Price Target on Onto Innovation (ONTO) to $330

On April 16, 2026, B. Riley expert Craig Ellis raised the terms people connected Onto Innovation Inc. (NYSE:ONTO) to $330 from $310 and maintained a Buy rating, pursuing the company’s affirmative Q1 pre-announcement and the qualification of its Dragonfly G5 level for 2.5D precocious packaging applications.

On the aforesaid day, Evercore ISI accrued its terms people to $315 from $250 and reiterated an Outperform rating, noting that Onto is regaining marketplace stock arsenic the precocious packaging concern taxable continues to play out.

Earlier, Onto Innovation raised its Q1 gross outlook to $292M from a anterior scope of $275M–$285M, supra the $280.34M statement estimate. The institution besides announced the qualification of its precocious launched Dragonfly G5 level for some caller and existing 2.5D precocious packaging applications, with archetypal shipments expected successful June. The strategy incorporates proprietary optics, illumination, and precocious algorithms designed to amended inspection accuracy and throughput portion lowering the wide outgo of ownership. With request for AI-driven devices expected to turn astir 30% annually implicit the adjacent 2 years, the level is positioned to code expanding sensitivity requirements successful process power arsenic packaging architectures proceed to evolve.

Onto Innovation Inc. (NYSE:ONTO) develops process power and metrology solutions for the semiconductor industry.

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