ONTO moves closer to $381.80 convert strike as stock rallies
Onto Innovation Inc. traded higher Thursday, though most of the action was around the new convert. The move pulled shares closer to the $381.80 mark tied to the $1.5 billion zero-coupon convertible notes offered in May. Shares climbed $24.19, or 7.5%, to $346.43 at 1:50 p.m. EDT. The stock traded as high as $353.15 and as low as $327.00 today. The iShares Semiconductor ETF rose 3.9%. VanEck Semiconductor ETF gained 2.8%. Invesco QQQ Trust was up 0.6%.
