Needham analyst Charles Shi maintained a Hold rating on Onto Innovation (ONTO – Research Report) today. The company’s shares closed yesterday at $164.76.
According to TipRanks, Shi is a 5-star analyst with an average return of 14.9% and a 57.29% success rate. Shi covers the Technology sector, focusing on stocks such as Axcelis Technologies, Kulicke & Soffa, and Onto Innovation.
Onto Innovation has an analyst consensus of Strong Buy, with a price target consensus of $171.67.
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Based on Onto Innovation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $207.19 million and a net profit of $35.89 million. In comparison, last year the company earned a revenue of $254.25 million and had a net profit of $52.22 million
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Onto Innovation (ONTO) Company Description:
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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