11,566 Shares in Onto Innovation Inc. (NYSE:ONTO) Purchased by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) in the 4th quarter, Holdings Channel reports. The firm purchased 11,566 shares of the semiconductor company’s stock, valued at approximately $1,928,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Congress Asset Management Co. boosted its position in shares of Onto Innovation by 38.1% in the third quarter. Congress Asset Management Co. now owns 1,072,796 shares of the semiconductor company’s stock worth $222,670,000 after acquiring an additional 295,869 shares during the last quarter. Citigroup Inc. increased its position in Onto Innovation by 811.7% during the third quarter. Citigroup Inc. now owns 319,116 shares of the semiconductor company’s stock worth $66,236,000 after purchasing an additional 284,115 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Onto Innovation by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock worth $416,863,000 after purchasing an additional 228,800 shares during the period. Barclays PLC boosted its holdings in shares of Onto Innovation by 1,296.7% in the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock valued at $45,079,000 after purchasing an additional 201,640 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Onto Innovation by 20.5% during the 3rd quarter. FMR LLC now owns 825,682 shares of the semiconductor company’s stock valued at $171,379,000 after buying an additional 140,659 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the completion of the transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. This represents a 8.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the sale, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at $3,120,715. The trade was a 5.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock valued at $18,182,185 in the last quarter. Company insiders own 0.72% of the company’s stock.

Onto Innovation Stock Performance

Shares of NYSE:ONTO opened at $154.22 on Thursday. The business’s 50-day simple moving average is $185.91 and its 200 day simple moving average is $189.06. The company has a market cap of $7.62 billion, a P/E ratio of 37.99, a PEG ratio of 0.89 and a beta of 1.31. Onto Innovation Inc. has a one year low of $145.15 and a one year high of $238.93.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data 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 net margin of 20.43% and a return on equity of 14.24%. Analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several research reports. StockNews.com lowered Onto Innovation from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Stifel Nicolaus reduced their price objective 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. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Finally, Jefferies Financial Group reduced their price target on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $246.88.

Onto Innovation Profile

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.