In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Onto Innovation (ONTO – Research Report), with a price target of $145.00. The company’s shares closed yesterday at $129.83.
According to TipRanks, Miller is a top 100 analyst with an average return of 19.3% and a 58.27% success rate. Miller covers the Technology sector, focusing on stocks such as Onto Innovation, Western Digital, and Intevac.
Onto Innovation has an analyst consensus of Strong Buy, with a price target consensus of $137.50.
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ONTO market cap is currently $6.37B and has a P/E ratio of 37.06.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ONTO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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