11 AI News and Ratings You Shouldn’t Miss

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6. Onto Innovation Inc. (NYSE:ONTO)

Number of Hedge Fund Holders: 34

Onto Innovation Inc. (NYSE:ONTO) develops process control and metrology solutions for semiconductor manufacturing and advanced packaging industries. On February 7, TipRanks reported that Needham analyst Charles Shi reaffirmed a Buy rating on Onto Innovation with a $230 price target, due to strong growth prospects.

The company’s recent performance met expectations, and new NAND orders along with increasing demand for High Bandwidth Memory are expected to drive growth, especially in late 2025. While concerns over wafer fab equipment demand are still there, the report signals a positive shift, with only minor adjustments anticipated in 2025 estimates.

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