Needham analyst Quinn Bolton maintained a Buy rating on Onto Innovation (NYSE:ONTO) Inc on Wednesday, setting a price target of $76, which is approximately 11.65% above the present share price of $68.07.
Bolton expects Onto Innovation Inc to post earnings per share (EPS) of $0.41 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Onto Innovation, with an average price target of $79.
The analysts price targets range from a high of $90 to a low of $70.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $155.13 million and a net profit of $14.71 million. The company's market cap is $3.33 billion.
According to TipRanks.com, Needham analyst Quinn Bolton is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 45.9% and a 78.74% 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.