Onto Innovation Inc. (NYSE:ONTO) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in Onto Innovation Inc. (NYSE:ONTO) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,804 shares of the semiconductor company’s stock after acquiring an additional 360 shares during the period. Xponance Inc.’s holdings in Onto Innovation were worth $1,134,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ONTO. Kestra Investment Management LLC purchased a new position in Onto Innovation in the 4th quarter valued at $26,000. Mather Group LLC. raised its position in shares of 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 buying an additional 111 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Onto Innovation by 532.4% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after buying an additional 197 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Onto Innovation during the fourth quarter worth about $43,000. Finally, Berbice Capital Management LLC purchased a new stake in Onto Innovation during the 4th quarter valued at about $50,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, February 7th. Oppenheimer reduced their price target on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.88.

Insider Buying and Selling

In related news, CEO Michael P. Plisinski sold 35,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $32,986,341.48. The trade was a 18.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the 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 transaction, the senior vice president now directly owns 15,223 shares in the company, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,827 shares of company stock valued at $18,182,185. Company insiders own 0.72% of the company’s stock.

Onto Innovation Stock Down 1.4 %

Shares of Onto Innovation stock opened at $135.73 on Monday. The firm has a market cap of $6.69 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. Onto Innovation Inc. has a 52 week low of $121.47 and a 52 week high of $238.93. The business’s fifty day simple moving average is $171.89 and its 200-day simple moving average is $180.52.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. As a group, equities analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

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.