Onto Innovation price target raised to $330 from $320 at Needham

Needham raised the firm’s price target on Onto Innovation (ONTO) to $330 from $320 and keeps a Buy rating on the shares. The company reported a largely in-line quarter as most of the results and outlook raise were already provided by the company merely two weeks ago in a pre-announcement, though the firm is raising its price target on higher EPS estimates and higher margin expectations, the analyst tells investors in a research note.