Signaturefd LLC Has $106,000 Stake in Onto Innovation Inc. (NYSE:ONTO)

Signaturefd LLC reduced its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 690 shares of the semiconductor company’s stock after selling 154 shares during the quarter. Signaturefd LLC’s holdings in Onto Innovation were worth $106,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ONTO. Fifth Third Bancorp increased its stake in shares of Onto Innovation by 198.3% in the 4th quarter. Fifth Third Bancorp now owns 173 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 115 shares during the period. Contravisory Investment Management Inc. bought a new stake in Onto Innovation during the 4th quarter worth about $28,000. Huntington National Bank lifted its position in Onto Innovation by 70.3% during the 3rd quarter. Huntington National Bank now owns 247 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 102 shares during the period. Operose Advisors LLC acquired a new stake in shares of Onto Innovation during the 3rd quarter worth approximately $49,000. Finally, Lindbrook Capital LLC raised its stake in shares of Onto Innovation by 188.5% during the fourth quarter. Lindbrook Capital LLC now owns 577 shares of the semiconductor company’s stock worth $88,000 after buying an additional 377 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

ONTO has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of Onto Innovation from $188.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, March 25th. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. B. Riley lifted their target price on Onto Innovation from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Benchmark raised their price target on Onto Innovation from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Evercore ISI started coverage on Onto Innovation in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $235.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average price target of $191.60.

Onto Innovation Price Performance

ONTO opened at $190.22 on Tuesday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 77.33 and a beta of 1.40. The business’s 50-day moving average price is $182.39 and its two-hundred day moving average price is $157.63. Onto Innovation Inc. has a 1 year low of $80.17 and a 1 year high of $199.72.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data 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 business had revenue of $219.00 million during the quarter, compared to the consensus estimate of $209.06 million. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. Onto Innovation’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the company earned $1.57 earnings per share. Sell-side analysts anticipate that Onto Innovation Inc. will post 4.7 earnings per share for the current fiscal year.

Insider Activity

In related 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 completion of the transaction, the chief executive officer now owns 235,492 shares of the company’s stock, valued at $41,324,136.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Michael P. Plisinski sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was 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 owns 235,492 shares in the company, valued at $41,324,136.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $467,082.60. Following the completion of the transaction, the vice president now owns 16,598 shares of the company’s stock, valued at $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 over the last ninety days. 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.