Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its stake in shares of Onto Innovation Inc. (NYSE:ONTOFree Report) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,211 shares of the semiconductor company’s stock after selling 746 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Onto Innovation were worth $1,408,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ONTO. International Assets Investment Management LLC increased its holdings in shares of Onto Innovation by 14,819.4% during the fourth quarter. International Assets Investment Management LLC now owns 615,575 shares of the semiconductor company’s stock valued at $94,121,000 after acquiring an additional 611,449 shares in the last quarter. Norges Bank acquired a new position in Onto Innovation in the 4th quarter worth approximately $89,785,000. Invesco Ltd. increased 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 worth $137,068,000 after buying an additional 571,917 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Onto Innovation in the 3rd quarter worth approximately $34,678,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Onto Innovation by 854.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 296,049 shares of the semiconductor company’s stock worth $45,266,000 after buying an additional 265,042 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insider Activity at Onto Innovation

In other Onto Innovation news, VP Yoon Ah Oh sold 1,685 shares of Onto Innovation stock in a transaction on Monday, March 18th. The shares were 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 of the company’s stock, valued at approximately $2,684,340. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Onto Innovation 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 owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 directly owns 14,913 shares in the company, valued at approximately $2,684,340. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,370 shares of company stock valued at $7,789,583. 0.72% of the stock is owned by company insiders.

Onto Innovation Stock Performance

Onto Innovation stock opened at $216.70 on Friday. The company’s fifty day moving average price is $200.02 and its 200 day moving average price is $173.54. Onto Innovation Inc. has a 1 year low of $103.00 and a 1 year high of $238.13. The stock has a market capitalization of $10.68 billion, a P/E ratio of 77.12 and a beta of 1.40.

Onto Innovation (NYSE:ONTOGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.08. Onto Innovation had a net margin of 16.43% and a return on equity of 11.48%. The firm had revenue of $228.80 million for the quarter, compared to analysts’ expectations of $222.60 million. During the same quarter last year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Sell-side analysts predict that Onto Innovation Inc. will post 5.05 EPS for the current year.

Analyst Ratings Changes

ONTO has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Onto Innovation in a report on Monday, May 13th. They issued a “buy” rating and a $265.00 price target on the stock. B. Riley upped their price objective on Onto Innovation from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Benchmark upped their price objective on Onto Innovation from $180.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Stifel Nicolaus upped their price objective on Onto Innovation from $188.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $242.00.

View Our Latest Stock Report on Onto Innovation

About Onto Innovation

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Onto Innovation (NYSE:ONTO)

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