Hantz Financial Services Inc. Buys 4,935 Shares of Onto Innovation Inc. $ONTO

Hantz Financial Services Inc. lifted its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 629.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,719 shares of the semiconductor company’s stock after purchasing an additional 4,935 shares during the quarter. Hantz Financial Services Inc.’s holdings in Onto Innovation were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Paradigm Capital Management Inc. NY lifted its holdings in shares of Onto Innovation by 0.7% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock worth $112,319,000 after buying an additional 7,900 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Onto Innovation by 650.4% in the 2nd quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock valued at $110,908,000 after purchasing an additional 952,419 shares during the period. Geneva Capital Management LLC grew its position in shares of Onto Innovation by 6.5% during the 2nd quarter. Geneva Capital Management LLC now owns 1,081,662 shares of the semiconductor company’s stock valued at $109,172,000 after purchasing an additional 66,339 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Onto Innovation by 1,510.2% in the second quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock worth $90,956,000 after purchasing an additional 845,213 shares during the period. Finally, Voya Investment Management LLC raised its position in shares of Onto Innovation by 4,494.6% in the third quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock worth $111,974,000 after buying an additional 849,702 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Up 10.6%

Shares of Onto Innovation stock opened at $208.81 on Friday. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $227.07. The business’s fifty day moving average is $180.28 and its two-hundred day moving average is $141.11. The firm has a market cap of $10.23 billion, a PE ratio of 58.99, a P/E/G ratio of 1.04 and a beta of 1.50.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The firm had revenue of $218.19 million for the quarter, compared to analysts’ expectations of $220.23 million. During the same period in the previous year, the company posted $1.34 earnings per share. Onto Innovation’s revenue was down 13.5% compared to the same quarter last year. Equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analysts Set New Price Targets

ONTO has been the topic of a number of research analyst reports. Oppenheimer upped their target price on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Evercore boosted their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 price objective on shares of Onto Innovation in a research report on Tuesday, December 16th. Finally, Jefferies Financial Group lifted their price objective on shares of Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.75.

Onto Innovation 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.