Onto Innovation Stock Surges Despite 368th Ranking in Trading Volume

On May 14, 2025, Onto Innovation (ONTO) closed with a trading volume of $29.1 million, marking a 36.11% decrease from the previous day. The stock ranked 368th in terms of trading volume for the day. ONTO's stock price surged by 4.93%, marking its third consecutive day of gains and a cumulative increase of 17.60% over the past three days.

Needham & Company LLC adjusted its price target for Onto Innovation from $230.00 to $150.00, while maintaining a "buy" rating for the company. This adjustment reflects the firm's updated outlook on the company's prospects.

Onto Innovation is expanding its services into the artificial intelligence (AI) sector, with revenue from this segment surging by 160% in the recent quarter. This strategic move positions the company to capitalize on the growing demand for AI solutions, potentially driving future growth and enhancing its market position.