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

Royce & Associates LP trimmed its position in Onto Innovation Inc. (NYSE:ONTO) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,648 shares of the semiconductor company’s stock after selling 3,510 shares during the period. Royce & Associates LP owned approximately 0.44% of Onto Innovation worth $36,609,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ONTO. Kestra Investment Management LLC acquired a new stake in shares of Onto Innovation in the 4th quarter valued at approximately $26,000. Mather Group LLC. increased its stake in Onto Innovation by 209.4% during the 4th 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. Versant Capital Management Inc increased its stake in Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 197 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Onto Innovation during the 4th quarter worth approximately $43,000. Finally, Berbice Capital Management LLC bought a new stake in Onto Innovation during the 4th quarter worth approximately $50,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ONTO has been the subject of a number of research reports. Oppenheimer lowered their target price 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. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.88.

Insider Buying and Selling at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the business’s 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 $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the business’s 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 approximately $43,139,343.48. This trade 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 in the last quarter. 0.72% of the stock is currently owned by insiders.

Onto Innovation Trading Up 3.0 %

NYSE:ONTO 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 fifty day simple moving average of $177.40 and a 200 day simple moving average of $183.00. The stock has a market capitalization of $6.83 billion, a PE ratio of 34.17, a P/E/G ratio of 0.89 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share 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%. On average, equities analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

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.