Onto Innovation Inc. (NYSE:ONTO) Holdings Decreased by Signaturefd LLC

Signaturefd LLC reduced its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 28.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 717 shares of the semiconductor company’s stock after selling 282 shares during the quarter. Signaturefd LLC’s holdings in Onto Innovation were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in 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. Raymond James Financial Inc. acquired a new position in shares of Onto Innovation in the 4th quarter valued at about $43,893,000. Proficio Capital Partners LLC bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $41,946,000. JPMorgan Chase & Co. raised its stake in Onto Innovation by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock worth $416,863,000 after acquiring an additional 228,800 shares during the period. Finally, Barclays PLC lifted its holdings in Onto Innovation by 1,296.7% in the third quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock worth $45,079,000 after acquiring an additional 201,640 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

Insider Activity at Onto Innovation

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

Analysts Set New Price Targets

ONTO has been the subject of several recent 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 report on Thursday, February 20th. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Stifel Nicolaus dropped their target price on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Finally, StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average target price of $246.88.

Onto Innovation Stock Performance

NYSE:ONTO opened at $135.73 on Monday. The stock has a market cap 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 1 year low of $121.47 and a 1 year high of $238.93. The business has a fifty day moving average of $171.89 and a 200-day moving average of $180.52.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping 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 research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.

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.