First National Bank of Omaha Cuts Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

First National Bank of Omaha lessened its holdings in Onto Innovation Inc. (NYSE:ONTOGet Rating) by 25.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,637 shares of the semiconductor company’s stock after selling 4,419 shares during the quarter. First National Bank of Omaha’s holdings in Onto Innovation were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its position in shares of Onto Innovation by 953.1% in the fourth quarter. Alliancebernstein L.P. now owns 784,210 shares of the semiconductor company’s stock worth $79,386,000 after purchasing an additional 709,745 shares during the last quarter. Robeco Schweiz AG increased its position in Onto Innovation by 10.2% during the 1st quarter. Robeco Schweiz AG now owns 1,300,000 shares of the semiconductor company’s stock valued at $112,957,000 after buying an additional 120,000 shares in the last quarter. Invesco Ltd. raised its position in shares of Onto Innovation by 21.0% in the 4th quarter. Invesco Ltd. now owns 647,246 shares of the semiconductor company’s stock worth $65,520,000 after purchasing an additional 112,539 shares during the last quarter. Pier Capital LLC purchased a new stake in shares of Onto Innovation during the first quarter valued at approximately $8,561,000. Finally, Sandler Capital Management bought a new stake in Onto Innovation in the 1st quarter worth about $7,646,000. Institutional investors own 95.06% of the company’s stock.

Onto Innovation Stock Down 2.8 %

NYSE:ONTO opened at $67.99 on Friday. The stock has a market capitalization of $3.38 billion, a PE ratio of 18.03 and a beta of 1.36. The stock’s 50-day moving average price is $75.67 and its 200-day moving average price is $76.06. Onto Innovation Inc. has a 52 week low of $59.95 and a 52 week high of $106.09.

Onto Innovation (NYSE:ONTOGet Rating) last posted its quarterly earnings results on Tuesday, August 9th. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.02. The business had revenue of $256.30 million during the quarter, compared to analyst estimates of $241.80 million. Onto Innovation had a return on equity of 16.52% and a net margin of 20.36%. The business’s revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. Sell-side analysts expect that Onto Innovation Inc. will post 5.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ONTO. DA Davidson reaffirmed a “buy” rating on shares of Onto Innovation in a research report on Wednesday, July 27th. B. Riley cut their target price on Onto Innovation from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, June 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Onto Innovation currently has a consensus rating of “Buy” and an average price target of $110.00.

Onto Innovation Profile

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Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites.

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Institutional Ownership by Quarter for Onto Innovation (NYSE:ONTO)

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