On July 15, Onto Innovation rose 5.43% in pre-market trading, trading at 330.0 USD/share, with turnover of approximately 466,400 USD. The semiconductor equipment sector rallied for a second consecutive trading day.
On the news front, Morgan Stanley significantly raised its wafer fab equipment market forecasts, lifting its 2027 WFE estimate from $191 billion to $202 billion and its 2028 projection from $215 billion to $227 billion. The firm specifically highlighted Onto Innovation as having significant upside potential due to underestimated 2027 earnings, assigning an Overweight rating with a $371 price target.
Within the Semiconductor Equipment sector, the broader group moved higher in tandem. Among individual stocks, ASML Holding up 4.93%, Applied Materials up 3.62%, Teradyne up 3.33%, Lam Research up 3.18%, KLA-Tencor up 3.12%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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