Shares of Onto Innovation Inc. (NYSE:ONTO – Get Free Report) have earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $246.88.
Several equities research analysts recently issued reports on ONTO shares. StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus reduced 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. Finally, Jefferies Financial Group dropped their price target on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, November 1st.
Read Our Latest Stock Analysis on ONTO
Onto Innovation Stock Down 5.7 %
Onto Innovation (NYSE:ONTO – Get Free Report) last released its quarterly earnings data 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%. On average, research analysts anticipate that Onto Innovation will post 6.26 EPS for the current fiscal year.
Insider Activity
In other Onto Innovation news, CEO Michael P. Plisinski sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 owns 215,492 shares in the company, valued at $43,139,343.48. The trade was a 8.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were 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 owns 15,223 shares in the company, valued at $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is currently owned by company insiders.
Institutional Trading of Onto Innovation
A number of institutional investors have recently bought and sold shares of ONTO. Kestra Investment Management LLC acquired a new stake in Onto Innovation during the fourth quarter worth approximately $26,000. Mather Group LLC. increased its position in shares of 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 purchasing an additional 111 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Onto Innovation in the 4th quarter valued at about $38,000. Versant Capital Management Inc boosted its position in shares of Onto Innovation by 532.4% in the 4th 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 period. Finally, SBI Securities Co. Ltd. purchased a new position in Onto Innovation during the 4th quarter worth approximately $43,000. 98.35% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than Onto Innovation
- Stock Splits, Do They Really Impact Investors?
- Volatility Is Back: 3 Stocks To Cushion the S&P 500’s Swings
- Are Penny Stocks a Good Fit for Your Portfolio?
- 2 Catalysts That Could Push NVIDIA Stock Up 30% This Year
- Compound Interest and Why It Matters When Investing
- Do GM Stock Buybacks Make the Stock Buyable For Investors?
Receive News & Ratings for Onto Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onto Innovation and related companies with MarketBeat.com's FREE daily email newsletter.