Onto Innovation Inc. (NYSE:ONTO) Stock Holdings Increased by Geneva Capital Management LLC

Geneva Capital Management LLC grew its stake in Onto Innovation Inc. (NYSE:ONTO) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,010,691 shares of the semiconductor company’s stock after acquiring an additional 71,050 shares during the quarter. Onto Innovation comprises approximately 2.9% of Geneva Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Geneva Capital Management LLC’s holdings in Onto Innovation were worth $168,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ONTO. Kestra Investment Management LLC acquired a new position in Onto Innovation in the fourth quarter valued at $26,000. Mather Group LLC. increased its stake 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 purchasing an additional 111 shares during the last quarter. Versant Capital Management Inc increased its stake 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 purchasing an additional 197 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Onto Innovation in the fourth quarter valued at $43,000. Finally, Berbice Capital Management LLC acquired a new position in Onto Innovation in the fourth quarter valued at $50,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ONTO has been the subject of several analyst reports. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com upgraded 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 set a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Oppenheimer dropped their price target on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus price target of $246.88.

Insider Transactions at Onto Innovation

In related news, 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 completion of the transaction, the senior vice president now owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. This represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total value of $4,003,800.00. Following the completion of the transaction, the chief executive officer now directly owns 215,492 shares of the company’s stock, valued at $43,139,343.48. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,827 shares of company stock valued at $18,182,185 over the last quarter. Company insiders own 0.72% of the company’s stock.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $140.16 on Thursday. Onto Innovation Inc. has a 1-year low of $129.53 and a 1-year high of $238.93. The business has a 50-day moving average of $182.87 and a 200-day moving average of $186.90. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 0.89 and a beta of 1.31.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping 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%. Research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Onto Innovation Company 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.