Nisa Investment Advisors LLC Sells 190 Shares of Onto Innovation Inc. (NYSE:ONTO)

Nisa Investment Advisors LLC cut its holdings in Onto Innovation Inc. (NYSE:ONTO) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,380 shares of the semiconductor company’s stock after selling 190 shares during the period. Nisa Investment Advisors LLC’s holdings in Onto Innovation were worth $364,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Onto Innovation by 14,819.4% during the 4th quarter. International Assets Investment Management LLC now owns 615,575 shares of the semiconductor company’s stock worth $94,121,000 after acquiring an additional 611,449 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Onto Innovation by 55.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,666,438 shares of the semiconductor company’s stock valued at $116,217,000 after buying an additional 592,920 shares during the last quarter. Invesco Ltd. raised its position in shares of Onto Innovation by 113.7% during the third quarter. Invesco Ltd. now owns 1,074,877 shares of the semiconductor company’s stock valued at $137,068,000 after buying an additional 571,917 shares during the last quarter. Norges Bank acquired a new position in shares of Onto Innovation during the fourth quarter valued at about $33,441,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Onto Innovation by 572.0% during the first quarter. Envestnet Asset Management Inc. now owns 527,016 shares of the semiconductor company’s stock valued at $6,392,000 after buying an additional 448,591 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Trading Down 2.3 %

Shares of Onto Innovation stock opened at $177.70 on Friday. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 72.24 and a beta of 1.40. Onto Innovation Inc. has a 1-year low of $76.40 and a 1-year high of $199.72. The firm’s 50-day moving average price is $182.01 and its two-hundred day moving average price is $155.09.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.07. The firm had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $209.06 million. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The company’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 earnings per share. As a group, equities research analysts predict that Onto Innovation Inc. will post 4.7 EPS for the current year.

Insider Activity

In other news, VP Yoon Ah Oh sold 2,685 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $173.96, for a total transaction of $467,082.60. Following the sale, the vice president now directly owns 16,598 shares of the company’s stock, valued at $2,887,388.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director David Brian Miller sold 2,800 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $170.49, for a total transaction of $477,372.00. Following the sale, the director now directly owns 9,008 shares of the company’s stock, valued at $1,535,773.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Yoon Ah Oh sold 2,685 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $173.96, for a total transaction of $467,082.60. Following the completion of the transaction, the vice president now directly owns 16,598 shares in the company, valued at $2,887,388.08. The disclosure for this sale can be found here. Insiders have sold 47,170 shares of company stock valued at $8,266,955 over the last three months. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. B. Riley upped their price objective on shares of Onto Innovation from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Benchmark increased their price target on shares of Onto Innovation from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Stifel Nicolaus increased their price target on shares of Onto Innovation from $188.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Evercore ISI initiated coverage on shares of Onto Innovation in a research report on Tuesday. They issued an “outperform” rating and a $235.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.60.

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.