Onto Innovation Inc. (NYSE:ONTO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Onto Innovation Inc. (NYSE:ONTO) have been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $191.60.

ONTO has been the topic of several recent research reports. B. Riley raised 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. Stifel Nicolaus lifted their price objective on shares of Onto Innovation from $188.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Benchmark increased their target price 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. Evercore ISI initiated coverage on Onto Innovation in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $235.00 price target for the company. Finally, StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research note on Monday, February 12th.

Insider Buying and Selling

In related news, Director David Brian Miller sold 2,800 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 9,008 shares in the company, valued at approximately $1,535,773.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director David Brian Miller sold 2,800 shares of Onto Innovation stock in a transaction dated Tuesday, February 13th. The stock was 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 document filed with the SEC, which can be accessed through this link. Also, VP Yoon Ah Oh sold 2,685 shares of the company’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 value of $467,082.60. Following the completion of the transaction, the vice president now directly owns 16,598 shares of the company’s stock, valued at approximately $2,887,388.08. The disclosure for this sale can be found here. Insiders have sold 47,170 shares of company stock worth $8,266,955 in the last quarter. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ONTO. CWM LLC increased its stake in shares of Onto Innovation by 141.3% in the third quarter. CWM LLC now owns 1,559 shares of the semiconductor company’s stock valued at $199,000 after buying an additional 913 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new position in shares of Onto Innovation in the third quarter worth about $1,531,000. Raymond James & Associates lifted its position in shares of Onto Innovation by 72.3% during the third quarter. Raymond James & Associates now owns 5,724 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 2,401 shares in the last quarter. Shaker Investments LLC OH bought a new stake in shares of Onto Innovation during the third quarter valued at approximately $298,000. Finally, Brown Advisory Inc. increased its holdings in shares of Onto Innovation by 39.7% in the third quarter. Brown Advisory Inc. now owns 536,954 shares of the semiconductor company’s stock valued at $68,472,000 after purchasing an additional 152,481 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Trading Up 4.1 %

NYSE ONTO opened at $189.77 on Monday. The company has a market capitalization of $9.32 billion, a PE ratio of 77.14 and a beta of 1.40. Onto Innovation has a 1-year low of $76.40 and a 1-year high of $199.72. The firm’s fifty day simple moving average is $182.23 and its 200-day simple moving average is $157.30.

Onto Innovation (NYSE:ONTO) last issued its earnings results 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. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. The company had revenue of $219.00 million for the quarter, compared to analyst estimates of $209.06 million. During the same period in the prior year, the firm posted $1.57 EPS. The business’s revenue was down 13.5% compared to the same quarter last year. As a group, analysts predict that Onto Innovation will post 4.7 EPS for the current year.

Onto Innovation Company 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.