Zurcher Kantonalbank Zurich Cantonalbank Has $1.64 Million Holdings in Onto Innovation Inc. (NYSE:ONTO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Onto Innovation Inc. (NYSE:ONTO) by 4.4% in the 4th quarter, Holdings Channel reports. The fund owned 10,739 shares of the semiconductor company’s stock after buying an additional 455 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Onto Innovation were worth $1,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. purchased a new stake in shares of Onto Innovation in the fourth quarter valued at $208,000. VELA Investment Management LLC purchased a new stake in Onto Innovation in the 4th quarter worth about $257,000. Strs Ohio boosted its position in Onto Innovation by 100.7% during the 4th quarter. Strs Ohio now owns 28,500 shares of the semiconductor company’s stock worth $4,357,000 after acquiring an additional 14,300 shares during the period. Vontobel Holding Ltd. grew its stake in Onto Innovation by 1.2% during the 4th quarter. Vontobel Holding Ltd. now owns 6,535 shares of the semiconductor company’s stock valued at $999,000 after acquiring an additional 75 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Onto Innovation in the 4th quarter valued at about $2,110,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Michael P. Plisinski sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total value of $7,019,200.00. Following the completion of the sale, the chief executive officer now directly owns 235,492 shares in the company, valued at approximately $41,324,136.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Onto Innovation news, VP Yoon Ah Oh sold 1,685 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $180.00, for a total transaction of $303,300.00. Following the completion of the sale, the vice president now directly owns 14,913 shares in the company, valued at $2,684,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $175.48, for a total value of $7,019,200.00. Following the completion of the sale, the chief executive officer now directly owns 235,492 shares in the company, valued at $41,324,136.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,170 shares of company stock valued at $8,266,955. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ONTO shares. B. Riley raised their price target on shares of Onto Innovation from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 9th. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. 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 note on Monday, March 25th. Benchmark increased their price objective on Onto Innovation from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Evercore ISI initiated coverage on Onto Innovation in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $235.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.60.

Onto Innovation Stock Up 0.4 %

Shares of ONTO opened at $176.84 on Thursday. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 71.89 and a beta of 1.40. The company’s fifty day moving average is $181.96 and its 200-day moving average is $156.51. Onto Innovation Inc. has a 12 month low of $76.40 and a 12 month high of $199.72.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 8th. The semiconductor company reported $1.06 EPS for the quarter, topping 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 firm had revenue of $219.00 million for the quarter, compared to the consensus estimate of $209.06 million. During the same period in the prior year, the business posted $1.57 earnings per share. The business’s quarterly revenue was down 13.5% on a year-over-year basis. As a group, research analysts predict that Onto Innovation Inc. will post 4.7 earnings per share for the current fiscal year.

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.