Benchmark Co. analyst Mark Miller maintained a Buy rating on Onto Innovation (NYSE:ONTO) Inc on Friday, setting a price target of $85, which is approximately 19.52% above the present share price of $71.12.
Miller expects Onto Innovation Inc to post earnings per share (EPS) of $0.49 for the third quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Onto Innovation, with an average price target of $83.
The analysts price targets range from a high of $85 to a low of $81.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $169.28 million and a net profit of $27.49 million. The company's market cap is $3.49 billion.
According to TipRanks.com, Benchmark Co. analyst Mark Miller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.1% and a 66.37% success rate.
Onto Innovation, Inc. engages in developing process control systems. It offers process control, combining global scale with an expanded portfolio of technologies that include: 3D metrology spanning the chip from nanometer-scale transistors to micron-level die-interconnects, macro defect inspection of wafers and packages, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging. The company was founded in 1940 and is headquartered in Wilmington, MA.