🟢 Onto Innovation is trading 6% up today after RBC initiated coverage at Outperform

Onto Innovation is trading at $334.01, up 6.08%, after RBC initiated coverage with an Outperform rating on October 2.

• RBC set a $400 price target, citing wafer-fab equipment spending and demand for advanced packaging.
• RBC also highlighted the Dragonfly G5 product ramp into 2027.
• Semiconductor sentiment may be adding support after Micron’s strong results reinforced AI-memory demand optimism. No verified trading-volume figure was available in the sources reviewed.