Teacher Retirement System of Texas increased its position in shares of Onto Innovation Inc. (NYSE:ONTO – Free Report) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,484 shares of the semiconductor company’s stock after acquiring an additional 1,804 shares during the quarter. Teacher Retirement System of Texas’ holdings in Onto Innovation were worth $1,297,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ONTO. Vanguard Group Inc. raised its stake in Onto Innovation by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company’s stock valued at $730,472,000 after purchasing an additional 27,695 shares during the period. Paradigm Capital Management Inc. NY lifted its stake in Onto Innovation by 0.4% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,182,689 shares of the semiconductor company’s stock worth $150,817,000 after acquiring an additional 4,400 shares in the last quarter. Invesco Ltd. boosted its position in Onto Innovation by 113.7% during the 3rd quarter. Invesco Ltd. now owns 1,074,877 shares of the semiconductor company’s stock worth $137,068,000 after acquiring an additional 571,917 shares during the period. International Assets Investment Management LLC grew its stake in Onto Innovation by 14,819.4% during the 4th quarter. International Assets Investment Management LLC now owns 615,575 shares of the semiconductor company’s stock valued at $94,121,000 after acquiring an additional 611,449 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Onto Innovation by 0.8% in the 3rd quarter. Northern Trust Corp now owns 608,293 shares of the semiconductor company’s stock valued at $77,570,000 after purchasing an additional 4,583 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.
Insider Transactions at Onto Innovation
In other news, VP Yoon Ah Oh sold 1,685 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $180.00, for a total transaction of $303,300.00. Following the completion of the sale, the vice president now owns 14,913 shares in the company, valued at approximately $2,684,340. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Yoon Ah Oh sold 1,685 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $180.00, for a total transaction of $303,300.00. Following the completion of the transaction, the vice president now owns 14,913 shares of the company’s stock, valued at approximately $2,684,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Plisinski sold 40,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total value of $7,019,200.00. Following the transaction, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,370 shares of company stock worth $7,789,583. 0.72% of the stock is owned by corporate insiders.
Onto Innovation Stock Performance
ONTO opened at $223.50 on Monday. The company has a market cap of $11.01 billion, a PE ratio of 79.54 and a beta of 1.40. The stock has a 50-day moving average of $190.21 and a 200-day moving average of $166.68. Onto Innovation Inc. has a 52-week low of $94.83 and a 52-week high of $235.42.
Onto Innovation (NYSE:ONTO – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.08. The company had revenue of $228.80 million during the quarter, compared to the consensus estimate of $222.60 million. Onto Innovation had a return on equity of 11.48% and a net margin of 16.43%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. On average, research analysts predict that Onto Innovation Inc. will post 5.01 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Onto Innovation in a research report on Friday, May 10th. B. Riley upped their price target on shares of Onto Innovation from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Jefferies Financial Group began coverage on Onto Innovation in a research note on Monday, May 13th. They issued a “buy” rating and a $265.00 target price on the stock. Benchmark boosted their target price on Onto Innovation from $180.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Evercore ISI boosted their target price on Onto Innovation from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $242.00.
Read Our Latest Analysis on ONTO
Onto Innovation Profile
(Free Report)
Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.
Read More
Want to see what other hedge funds are holding ONTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Onto Innovation Inc. (NYSE:ONTO – Free Report).
Receive News & Ratings for Onto Innovation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Onto Innovation and related companies with MarketBeat.com’s FREE daily email newsletter.