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

Xponance Inc. grew its position in Onto Innovation Inc. (NYSE:ONTO) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,804 shares of the semiconductor company’s stock after purchasing an additional 360 shares during the quarter. Xponance Inc.’s holdings in Onto Innovation were worth $1,134,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Oppenheimer reduced 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 reiterated an “overweight” rating and set a $250.00 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 for the company in a research note on Friday, February 7th. Finally, StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $246.88.

Onto Innovation Stock Down 1.4 %

Shares of ONTO opened at $135.73 on Monday. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 33.43, a PEG 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 stock’s 50-day moving average price is $171.89 and its 200-day moving average price is $180.52.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 EPS 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%. As a group, equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael P. Plisinski sold 20,000 shares of Onto Innovation stock in a transaction dated Tuesday, January 14th. The stock was 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 owns 215,492 shares in the company, valued at $43,139,343.48. The trade was a 8.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Srinivas Vedula sold 827 shares of the stock in a transaction that occurred on 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 owns 15,223 shares in the company, valued at $3,120,715. This represents a 5.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,827 shares of company stock valued at $18,182,185. Corporate insiders own 0.72% of the company’s stock.

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.