Shaker Investments LLC OH Sells 1,152 Shares of Onto Innovation Inc. (NYSE:ONTO)

Shaker Investments LLC OH lowered its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 22.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,925 shares of the semiconductor company’s stock after selling 1,152 shares during the period. Shaker Investments LLC OH’s holdings in Onto Innovation were worth $654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Onto Innovation by 22.8% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 74 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in Onto Innovation by 7.8% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 76 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its position in shares of Onto Innovation by 3.6% during the third quarter. Hunter Perkins Capital Management LLC now owns 2,325 shares of the semiconductor company’s stock valued at $483,000 after buying an additional 80 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Onto Innovation by 26.3% in the 3rd quarter. Huntington National Bank now owns 423 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 88 shares in the last quarter. Finally, Alpha DNA Investment Management LLC raised its stake in shares of Onto Innovation by 4.5% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 2,137 shares of the semiconductor company’s stock worth $444,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Insider Buying and Selling

In other news, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at $3,120,715. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the sale, the chief executive officer now directly owns 215,492 shares in the company, valued at $43,139,343.48. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,827 shares of company stock valued at $18,182,185 over the last 90 days. Insiders own 0.72% of the company’s stock.

Onto Innovation Stock Down 1.9 %

Shares of NYSE:ONTO opened at $183.40 on Tuesday. Onto Innovation Inc. has a 52-week low of $145.15 and a 52-week high of $238.93. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 1.09 and a beta of 1.31. The business has a 50-day moving average price of $186.01 and a 200-day moving average price of $190.03.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.41%. As a group, equities analysts anticipate that Onto Innovation Inc. will post 6.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on ONTO shares. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 target price on shares of Onto Innovation in a research note on Friday. Stifel Nicolaus lowered their price objective on Onto Innovation from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday. Jefferies Financial Group lowered their price target on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Oppenheimer restated an “outperform” rating and set a $275.00 price target on shares of Onto Innovation in a research note on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.25.

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.