On July 14, Onto Innovation rose 6.55% in regular trading, trading at $321.005/share, with turnover of $52.36 million. The stock rebounded sharply following a 5.11% decline in the previous session.
On the news front, Morgan Stanley significantly raised its wafer fab equipment (WFE) market forecast, lifting 2027 WFE estimates from $191 billion to $202 billion, and 2028 estimates from $215 billion to $227 billion. The firm highlighted that Onto Innovation carries significant upside potential due to underestimated 2027 earnings, assigning an Overweight rating with a $371 price target. The broader semiconductor equipment sector rebounded collectively after the prior session pullback, with Applied Materials up 4.08%, Lam Research up 5.25%, KLA-Tencor up 4.27%, and ASML up 3.04%.
(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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