Onto Innovation Inc. (NYSE:ONTO) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,200 shares of the semiconductor company’s stock after buying an additional 900 shares during the period. Handelsbanken Fonder AB’s holdings in Onto Innovation were worth $1,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Onto Innovation by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company’s stock valued at $730,472,000 after purchasing an additional 27,695 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in Onto Innovation by 0.4% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,182,689 shares of the semiconductor company’s stock valued at $150,817,000 after purchasing an additional 4,400 shares during the last quarter. Invesco Ltd. boosted its holdings in Onto Innovation by 113.7% in the 3rd quarter. Invesco Ltd. now owns 1,074,877 shares of the semiconductor company’s stock valued at $137,068,000 after purchasing an additional 571,917 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Onto Innovation by 14,819.4% in the 4th quarter. International Assets Investment Management LLC now owns 615,575 shares of the semiconductor company’s stock valued at $94,121,000 after purchasing an additional 611,449 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Onto Innovation by 0.8% in the 3rd quarter. Northern Trust Corp now owns 608,293 shares of the semiconductor company’s stock valued at $77,570,000 after purchasing an additional 4,583 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Onto Innovation Stock Up 4.1 %

Onto Innovation stock opened at $189.77 on Friday. The firm has a market cap of $9.32 billion, a PE ratio of 77.14 and a beta of 1.40. Onto Innovation Inc. has a 52-week low of $76.40 and a 52-week high of $199.72. The company’s 50 day moving average is $182.23 and its two-hundred day moving average is $157.19.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $219.00 million for the quarter, compared to analyst estimates of $209.06 million. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. On average, equities research analysts anticipate that Onto Innovation Inc. will post 4.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on ONTO shares. Stifel Nicolaus boosted their target price on shares of Onto Innovation from $188.00 to $215.00 and gave the company a “buy” rating in a report on Monday, March 25th. Benchmark boosted their price target 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. B. Riley boosted their price target 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. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Evercore ISI initiated coverage on shares of Onto Innovation in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $235.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation currently has an average rating of “Moderate Buy” and a consensus target price 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.