Onto Innovation Inc. (NYSE:ONTO) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,604 shares of the semiconductor company’s stock after buying an additional 971 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Onto Innovation were worth $3,609,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Campbell Newman Asset Management Inc. raised its stake in shares of Onto Innovation by 0.4% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 18,538 shares of the semiconductor company’s stock worth $2,834,000 after buying an additional 78 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Onto Innovation by 3.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,554 shares of the semiconductor company’s stock worth $326,000 after buying an additional 84 shares during the period. Huntington National Bank raised its stake in shares of Onto Innovation by 70.3% during the 3rd quarter. Huntington National Bank now owns 247 shares of the semiconductor company’s stock worth $31,000 after buying an additional 102 shares during the period. Fifth Third Bancorp raised its stake in shares of Onto Innovation by 198.3% during the 4th quarter. Fifth Third Bancorp now owns 173 shares of the semiconductor company’s stock worth $26,000 after buying an additional 115 shares during the period. Finally, Stifel Financial Corp raised its stake in Onto Innovation by 0.7% in the 2nd quarter. Stifel Financial Corp now owns 16,822 shares of the semiconductor company’s stock valued at $1,959,000 after purchasing an additional 115 shares during the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, VP Yoon Ah Oh sold 1,685 shares of Onto Innovation stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $180.00, for a total transaction of $303,300.00. Following the completion of the sale, the vice president now directly owns 14,913 shares in the company, valued at $2,684,340. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Onto Innovation news, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 235,492 shares in the company, valued at $41,324,136.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Yoon Ah Oh sold 1,685 shares of Onto Innovation stock in a transaction dated 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 $2,684,340. The disclosure for this sale can be found here. Insiders have sold 47,170 shares of company stock valued at $8,266,955 over the last 90 days. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ONTO. B. Riley increased their price objective on Onto Innovation from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Stifel Nicolaus increased their price objective on Onto Innovation from $188.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, March 25th. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Evercore ISI began coverage on Onto Innovation in a research note on Tuesday. They issued an “outperform” rating and a $235.00 price objective for the company. Finally, Benchmark increased their price objective on Onto Innovation from $145.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.60.

Onto Innovation Stock Up 3.6 %

Shares of NYSE:ONTO opened at $189.73 on Wednesday. The business has a fifty day moving average of $181.29 and a two-hundred day moving average of $154.74. The stock has a market cap of $9.32 billion, a P/E ratio of 77.13 and a beta of 1.40. Onto Innovation Inc. has a 52-week low of $76.40 and a 52-week high of $199.72.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.07. The company had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $209.06 million. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. On average, equities analysts anticipate that Onto Innovation Inc. will post 4.7 earnings per share for the current year.

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.