Onto Innovation Inc. (NYSE:ONTO) Holdings Lifted by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 559.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 50,119 shares of the semiconductor company’s stock after buying an additional 42,518 shares during the period. Hantz Financial Services Inc.’s holdings in Onto Innovation were worth $10,403,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of Onto Innovation by 304.9% during the second quarter. Millennium Management LLC now owns 447,844 shares of the semiconductor company’s stock valued at $98,329,000 after purchasing an additional 337,250 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of Onto Innovation by 38.1% during the third quarter. Congress Asset Management Co. now owns 1,072,796 shares of the semiconductor company’s stock valued at $222,670,000 after purchasing an additional 295,869 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Onto Innovation by 811.7% during the third quarter. Citigroup Inc. now owns 319,116 shares of the semiconductor company’s stock valued at $66,236,000 after purchasing an additional 284,115 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Onto Innovation by 379.8% during the second quarter. Natixis Advisors LLC now owns 245,144 shares of the semiconductor company’s stock valued at $53,824,000 after purchasing an additional 194,056 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Onto Innovation by 28.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 856,780 shares of the semiconductor company’s stock worth $188,115,000 after acquiring an additional 189,769 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Performance

Shares of ONTO stock opened at $161.04 on Friday. The stock’s 50 day simple moving average is $191.73 and its 200 day simple moving average is $203.46. Onto Innovation Inc. has a twelve month low of $134.11 and a twelve month high of $238.93. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 43.64, a PEG ratio of 1.03 and a beta of 1.37.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. Onto Innovation had a return on equity of 13.38% and a net margin of 19.44%. The business had revenue of $252.20 million for the quarter, compared to the consensus estimate of $250.85 million. During the same period last year, the business earned $0.96 EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. On average, analysts forecast that Onto Innovation Inc. will post 5.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ONTO shares. Needham & Company LLC reduced their price objective on Onto Innovation from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group reduced their price objective on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Oppenheimer raised their price target on Onto Innovation from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

Insiders Place Their Bets

In other Onto Innovation news, SVP Srinivas Vedula sold 1,275 shares of Onto Innovation stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $207.24, for a total value of $264,231.00. Following the transaction, the senior vice president now directly owns 16,050 shares of the company’s stock, valued at $3,326,202. The trade was a 7.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

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.