Royce & Associates LP Has $36.61 Million Holdings in Onto Innovation Inc. (NYSE:ONTO)

Royce & Associates LP lessened its stake in Onto Innovation Inc. (NYSE:ONTO) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,648 shares of the semiconductor company’s stock after selling 3,510 shares during the quarter. Royce & Associates LP’s holdings in Onto Innovation were worth $36,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in Onto Innovation in the fourth quarter valued at about $26,000. Mather Group LLC. grew its position in Onto Innovation by 209.4% in the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. Versant Capital Management Inc grew its position in Onto Innovation by 532.4% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 197 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Onto Innovation during the fourth quarter worth about $43,000. Finally, Berbice Capital Management LLC bought a new stake in shares of Onto Innovation during the fourth quarter worth about $50,000. Institutional investors own 98.35% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael P. Plisinski sold 30,000 shares of Onto Innovation stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $211.24, for a total value of $6,337,200.00. Following the completion of the sale, the chief executive officer now owns 185,492 shares of the company’s stock, valued at approximately $39,183,330.08. This trade represents a 13.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the sale, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is owned by insiders.

Onto Innovation Price Performance

Shares of Onto Innovation stock opened at $138.72 on Friday. Onto Innovation Inc. has a 1 year low of $121.47 and a 1 year high of $238.93. The firm has a market cap of $6.83 billion, a PE ratio of 34.17, a P/E/G ratio of 0.89 and a beta of 1.29. The stock has a fifty day moving average price of $177.40 and a 200-day moving average price of $183.00.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (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%. As a group, equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ONTO has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Stifel Nicolaus dropped their price target on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Oppenheimer lowered 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. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Onto Innovation currently has an average rating of “Moderate Buy” and an average target price of $246.88.

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.