US Stock Market Movers: Onto Innovation surged on October 2nd, with RBC rating, price target of 400, and semiconductor equipment news
Bitget异动解读2026/10/02 13:50Onto Innovation October 2nd Surge Analysis
Keywords: RBC rating, target price 400, semiconductor equipment
1. On October 2nd, RBC Capital Markets initiated coverage of Onto Innovation with an “Outperform” rating and set a target price of $400. Data shows the company’s average rating is “Buy,” with an average target price of $387.50.
2. On September 29th, an institution upgraded Onto Innovation’s rating to Zacks Rank #1 “Strong Buy,” based on continuous upward revisions of the company’s earnings expectations for the current and next year.
3. On September 25th, the company’s Dragonfly G5 advanced from customer evaluation to certification and mass order stages. The company’s quarterly revenue reached $343.1 million, up 35.3% year-on-year, and raised its full-year advanced packaging growth outlook from 50% to about 80%. Dragonfly orders from a single OSAT exceeded $200 million.
(Disclaimer: This content is generated by AI technology based on publicly available information, for reference only and does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sources say Southwest Airlines is considering adopting Boeing 787 to expand international long-haul routes
Sources say Southwest Airlines is considering adopting the Boeing 787 model to expand its international long-haul route business.
SpaceX acquires low-frequency spectrum, targeting US wireless carriers
SpaceX rose nearly 3% after hours as the company acquired low-frequency spectrum, targeting US wireless carriers.
TD Bank approved for up to 100 billions CAD share repurchase plan
TD Bank has received approval to carry out a share repurchase program with a maximum amount of 10 billions Canadian dollars. This approval reflects TD Bank’s strong confidence in its own long-term fundamentals, and the bank will flexibly arrange the specific pace of the repurchase based on factors such as market conditions and its own operations.
SpaceX to acquire nationwide 800MHz spectrum portfolio pending FCC approval
SpaceX (SPCX.US) announced on Thursday that it has reached an agreement to acquire a portfolio of low-frequency spectrum licenses covering the entire United States, enabling it to directly compete with traditional wireless communication giants nationwide. While Starlink Mobile’s existing global 2 GHz mid-band spectrum will provide high bandwidth capacity, this new spectrum will allow its signals to penetrate obstacles. This move accelerates Elon Musk’s ambitious plan to bypass traditional wireless infrastructure and deliver cellular network connectivity directly to smartphones from Earth’s orbit. The deal involves acquiring 100% of a nationwide 800 MHz spectrum portfolio owned by private equity firm Grain Management, and is still subject to regulatory approval by the Federal Communications Commission (FCC). In addition, the FCC this week approved Starlink Mobile’s application for a second-generation satellite constellation, authorizing SpaceX to deploy 15,000 satellites worldwide optimized for the 2 GHz band. Following the announcement, shares of US telecom companies fell in after-hours trading, while SpaceX (SPCX.US) shares rose by over 1.7%.
Crypto prices
More
