B.Riley FBR analyst Craig Ellis maintained a Buy rating on Onto Innovation (NYSE:ONTO) Inc on Wednesday, setting a price target of $48, which is approximately 22.17% above the present share price of $39.29.
Ellis expects Onto Innovation Inc to post earnings per share (EPS) of -$0.09 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Onto Innovation, with an average price target of $45.
The analysts price targets range from a high of $48 to a low of $42.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $139.93 million and a net profit of -$5.25 million. The company's market cap is $1.88 billion.
According to TipRanks.com, B.Riley FBR analyst Craig Ellis is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 3.2% and a 51.44% 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.