Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 12.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,036 shares of the semiconductor company’s stock after selling 431 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Onto Innovation were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ONTO. QRG Capital Management Inc. boosted its position in Onto Innovation by 2.7% during the second quarter. QRG Capital Management Inc. now owns 1,935 shares of the semiconductor company’s stock worth $425,000 after purchasing an additional 50 shares in the last quarter. Shaker Investments LLC OH grew its stake in Onto Innovation by 1.7% in the 2nd quarter. Shaker Investments LLC OH now owns 3,928 shares of the semiconductor company’s stock valued at $862,000 after acquiring an additional 64 shares during the period. Fifth Third Bancorp grew its stake in Onto Innovation by 40.2% in the 2nd quarter. Fifth Third Bancorp now owns 293 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 84 shares during the period. GAMMA Investing LLC raised its position in Onto Innovation by 41.1% during the first quarter. GAMMA Investing LLC now owns 292 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 85 shares during the period. Finally, Natixis Advisors L.P. raised its position in Onto Innovation by 0.5% during the fourth quarter. Natixis Advisors L.P. now owns 17,473 shares of the semiconductor company’s stock worth $2,671,000 after acquiring an additional 90 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Stock Performance

NYSE ONTO opened at $213.22 on Monday. The stock’s fifty day moving average is $206.50 and its two-hundred day moving average is $200.68. The firm has a market capitalization of $10.53 billion, a P/E ratio of 75.88 and a beta of 1.39. Onto Innovation Inc. has a fifty-two week low of $108.98 and a fifty-two week high of $238.93.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.12. Onto Innovation had a net margin of 18.50% and a return on equity of 12.71%. The firm had revenue of $242.33 million for the quarter, compared to analysts’ expectations of $235.43 million. During the same quarter in the previous year, the company posted $0.79 EPS. The company’s revenue was up 27.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 5.11 EPS for the current year.

Insiders Place Their Bets

In other Onto Innovation news, SVP Srinivas Vedula sold 1,486 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $213.40, for a total value of $317,112.40. Following the transaction, the senior vice president now owns 17,433 shares of the company’s stock, valued at $3,720,202.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Srinivas Vedula sold 1,486 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $213.40, for a total transaction of $317,112.40. Following the completion of the transaction, the senior vice president now directly owns 17,433 shares in the company, valued at $3,720,202.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Slicer sold 519 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $221.21, for a total value of $114,807.99. Following the completion of the sale, the chief financial officer now owns 12,552 shares in the company, valued at approximately $2,776,627.92. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

ONTO has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Onto Innovation in a research report on Monday, May 13th. They set a “buy” rating and a $265.00 price target for the company. Evercore ISI raised their target price on Onto Innovation from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. B. Riley boosted their price target on Onto Innovation from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a report on Friday, August 9th. Finally, Needham & Company LLC raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.00.

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.