Vanguard Personalized Indexing Management LLC lifted its stake in Onto Innovation Inc. (NYSE:ONTO – Free Report) by 106.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,263 shares of the semiconductor company’s stock after acquiring an additional 3,746 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Onto Innovation were worth $1,111,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its stake in Onto Innovation by 198.3% in the 4th quarter. Fifth Third Bancorp now owns 173 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 115 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Onto Innovation in the fourth quarter worth about $28,000. GAMMA Investing LLC acquired a new position in shares of Onto Innovation during the 4th quarter worth about $33,000. Huntington National Bank boosted its stake in Onto Innovation by 70.3% during the 3rd quarter. Huntington National Bank now owns 247 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 102 shares during the period. Finally, Operose Advisors LLC bought a new stake in Onto Innovation during the 3rd quarter valued at approximately $49,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.
Onto Innovation Stock Performance
ONTO opened at $223.50 on Monday. The firm has a market capitalization of $11.01 billion, a PE ratio of 79.54 and a beta of 1.40. Onto Innovation Inc. has a 52-week low of $94.83 and a 52-week high of $235.42. The business’s 50-day simple moving average is $190.21 and its 200 day simple moving average is $166.68.
Onto Innovation (NYSE:ONTO – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $228.80 million during the quarter, compared to the consensus estimate of $222.60 million. Onto Innovation had a net margin of 16.43% and a return on equity of 11.48%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. On average, research analysts forecast that Onto Innovation Inc. will post 5.01 earnings per share for the current year.
Insiders Place Their Bets
In other news, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the sale, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at $41,324,136.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Yoon Ah Oh sold 2,685 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.96, for a total transaction of $467,082.60. Following the sale, the vice president now owns 16,598 shares in the company, valued at approximately $2,887,388.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael P. Plisinski sold 40,000 shares of the stock in a transaction that occurred on 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 owns 235,492 shares in the company, valued at $41,324,136.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,370 shares of company stock valued at $7,789,583. 0.72% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research firms recently commented on ONTO. Benchmark upped their target price on shares of Onto Innovation from $180.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, May 10th. B. Riley upped their price target on Onto Innovation from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, May 10th. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Evercore ISI lifted their price target on Onto Innovation from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Finally, Jefferies Financial Group assumed coverage on Onto Innovation in a report on Monday, May 13th. They set a “buy” rating and a $265.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $242.00.
Read Our Latest Report on Onto Innovation
About Onto Innovation
(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.
Further Reading
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