From Yahoo Finance: 2025-06-20 16:00:00

Onto Innovation Inc. (NYSE:ONTO) is listed as one of the 11 Best Tech Stocks to Buy On the Dip. B.Riley Financial analyst Craig Ellis maintained a Buy rating on ONTO with a price target of $160 after the company made two new executive appointments: Brian Roberts as CFO and Shirley Chen as SVP of customer success.

In Q1 2025, Onto Innovation Inc. reported record quarterly revenue of $267 million, marking seven consecutive quarters of growth. The growth was driven by advanced nodes and packaging markets supporting AI compute engines and increased investments in cloud and enterprise servers. The company’s precision systems are highlighted in a macro defect inspection process.

Most of Onto Innovation Inc.’s products are made in the US, putting the company at risk of higher incoming costs due to Trump-era tariffs. To counter this, the company is accelerating strategic programs to establish manufacturing capabilities in Asia, improving margins. ONTO focuses on designing, developing, and manufacturing advanced equipment and systems for microelectronics.

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Read more: B.Riley Maintained a Buy Rating on Onto Innovation (ONTO), Keeps the PT