Stanley Laman Group Ltd. reduced its stake in Onto Innovation Inc. (NYSE:ONTO – Free Report) by 38.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,233 shares of the semiconductor company’s stock after selling 20,715 shares during the period. Stanley Laman Group Ltd. owned 0.07% of Onto Innovation worth $4,294,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in ONTO. Blue Trust Inc. lifted its stake in Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 268 shares during the period. Farther Finance Advisors LLC grew its position in shares of Onto Innovation by 76.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after buying an additional 139 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Onto Innovation by 206.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 389 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Onto Innovation by 148.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 401 shares during the period. Finally, Signaturefd LLC raised its position in shares of Onto Innovation by 13.9% in the 2nd quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 104 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.
Onto Innovation Stock Up 5.0%
Onto Innovation stock opened at $165.78 on Monday. The company has a 50 day moving average of $145.83 and a 200-day moving average of $123.61. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The stock has a market capitalization of $8.13 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 0.93 and a beta of 1.46.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ONTO. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Onto Innovation in a report on Tuesday, November 18th. Evercore ISI lifted their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. B. Riley boosted their price target on shares of Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Oppenheimer upped their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, Stifel Nicolaus lifted their target price on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.00.
Onto Innovation Company Profile
Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.
Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.
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