Stifel Nicolaus analyst Brian Chin maintained a Hold rating on Onto Innovation today and set a price target of $120.00. The company’s shares closed last Friday at $121.34.
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According to TipRanks, Chin is a 5-star analyst with an average return of 21.5% and a 61.75% success rate. Chin covers the Technology sector, focusing on stocks such as Applied Materials, Formfactor, and Lam Research.
Currently, the analyst consensus on Onto Innovation is a Strong Buy with an average price target of $146.75.
Based on Onto Innovation’s latest earnings release for the quarter ending June 28, the company reported a quarterly revenue of $253.6 million and a net profit of $33.91 million. In comparison, last year the company earned a revenue of $242.33 million and had a net profit of $52.95 million
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