Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 95.7% during the fourth quarter, HoldingsChannel reports. The fund owned 5,510 shares of the semiconductor company’s stock after selling 121,816 shares during the period. Los Angeles Capital Management LLC’s holdings in Onto Innovation were worth $918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ONTO. Kestra Investment Management LLC acquired a new position in Onto Innovation during the fourth quarter worth $26,000. Mather Group LLC. grew its holdings in Onto Innovation by 209.4% during the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 111 shares during the period. Versant Capital Management Inc boosted its position in Onto Innovation by 532.4% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 197 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in Onto Innovation during the fourth quarter worth $50,000. Finally, UMB Bank n.a. boosted its position in Onto Innovation by 22.8% during the fourth quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ONTO. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Oppenheimer decreased their target price on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus decreased their target price on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Finally, StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $246.88.

Onto Innovation Stock Up 0.0 %

Shares of NYSE:ONTO opened at $145.60 on Friday. Onto Innovation Inc. has a 52-week low of $141.50 and a 52-week high of $238.93. The stock’s fifty day simple moving average is $185.04 and its 200-day simple moving average is $188.35. The company has a market capitalization of $7.19 billion, a P/E ratio of 35.86, a P/E/G ratio of 0.89 and a beta of 1.31.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. On average, sell-side analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Insider Activity at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the sale, the senior vice president now directly owns 15,223 shares in the company, valued at $3,120,715. This represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael P. Plisinski sold 35,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total value of $7,671,650.00. Following the sale, the chief executive officer now owns 150,492 shares of the company’s stock, valued at $32,986,341.48. This represents a 18.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,827 shares of company stock worth $18,182,185. 0.72% of the stock is currently owned by insiders.

About Onto Innovation

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.