Onto Innovation Inc. (NYSE:ONTO) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,535 shares of the semiconductor company’s stock after acquiring an additional 75 shares during the quarter. Vontobel Holding Ltd.’s holdings in Onto Innovation were worth $999,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Onto Innovation by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company’s stock worth $730,472,000 after purchasing an additional 27,695 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Onto Innovation by 14.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,891,994 shares of the semiconductor company’s stock worth $128,826,000 after buying an additional 239,310 shares in the last quarter. State Street Corp raised its position in shares of Onto Innovation by 3.6% in the first quarter. State Street Corp now owns 1,687,670 shares of the semiconductor company’s stock valued at $148,312,000 after buying an additional 58,146 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Onto Innovation by 55.2% in 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. Finally, Robeco Schweiz AG raised its position in shares of Onto Innovation by 10.2% in the first 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 during the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on ONTO. Evercore ISI began coverage on Onto Innovation in a report on Tuesday, April 16th. They issued an “outperform” rating and a $235.00 price target for the company. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. 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 note on Friday, February 9th. Benchmark upped their price objective on shares of Onto Innovation from $145.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus upped 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $191.60.

Onto Innovation Trading Down 4.6 %

Shares of NYSE ONTO opened at $169.39 on Friday. Onto Innovation Inc. has a 12-month low of $76.40 and a 12-month high of $199.72. The company has a market cap of $8.32 billion, a P/E ratio of 68.86 and a beta of 1.40. The stock has a fifty day moving average price of $181.80 and a 200 day moving average price of $155.59.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.07. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $209.06 million. During the same quarter last year, the company earned $1.57 earnings per share. Onto Innovation’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, sell-side analysts forecast that Onto Innovation Inc. will post 4.7 EPS for the current fiscal year.

Insider Activity at Onto Innovation

In other news, VP Yoon Ah Oh sold 2,685 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.96, for a total transaction of $467,082.60. Following the completion of the sale, the vice president now directly owns 16,598 shares in the company, valued at $2,887,388.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David Brian Miller sold 2,800 shares of the firm’s 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 completion of the sale, the director now owns 9,008 shares of the company’s stock, valued at $1,535,773.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yoon Ah Oh sold 2,685 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $173.96, for a total transaction of $467,082.60. Following the transaction, the vice president now directly owns 16,598 shares of the company’s stock, valued at $2,887,388.08. The disclosure for this sale can be found here. In the last three months, insiders sold 47,170 shares of company stock valued at $8,266,955. Corporate insiders own 0.72% of the company’s stock.

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.