Robeco Schweiz AG Has $27.14 Million Stock Position in Onto Innovation Inc. (NYSE:ONTO)

Robeco Schweiz AG cut its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,860 shares of the semiconductor company’s stock after selling 7,880 shares during the period. Robeco Schweiz AG’s holdings in Onto Innovation were worth $27,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC acquired a new position in shares of Onto Innovation in the 4th quarter valued at $1,928,000. Olympiad Research LP bought a new stake in Onto Innovation in the fourth quarter valued at about $246,000. TimesSquare Capital Management LLC increased its holdings in Onto Innovation by 47.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 154,376 shares of the semiconductor company’s stock valued at $25,730,000 after purchasing an additional 49,795 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Onto Innovation in the fourth quarter valued at about $26,000. Finally, Peregrine Capital Management LLC boosted its holdings in Onto Innovation by 1.7% during the fourth quarter. Peregrine Capital Management LLC now owns 41,044 shares of the semiconductor company’s stock worth $6,841,000 after buying an additional 685 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Stock Up 2.2 %

Shares of NYSE:ONTO opened at $154.22 on Thursday. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 0.89 and a beta of 1.31. Onto Innovation Inc. has a 12 month low of $145.15 and a 12 month high of $238.93. The company’s fifty day simple moving average is $185.91 and its 200 day simple moving average is $189.06.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ONTO. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Jefferies Financial Group cut their target price on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Oppenheimer decreased their price target on shares of Onto Innovation from $275.00 to $240.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com lowered Onto Innovation from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.88.

Insider Activity at Onto Innovation

In other news, CEO Michael P. Plisinski sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total value of $7,671,650.00. Following the completion of the transaction, the chief executive officer now owns 150,492 shares in the company, valued at $32,986,341.48. This trade represents a 18.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the sale, the senior vice president now directly owns 15,223 shares in the company, valued at approximately $3,120,715. This represents a 5.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is owned by insiders.

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.