Mutual of America Capital Management LLC Has $5.10 Million Stake in Onto Innovation Inc. (NYSE:ONTO)

Mutual of America Capital Management LLC decreased its holdings in shares of Onto Innovation Inc. (NYSE:ONTOFree Report) by 6.6% during the third quarter, HoldingsChannel reports. The fund owned 40,024 shares of the semiconductor company’s stock after selling 2,835 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Onto Innovation were worth $5,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank boosted its position in Onto Innovation by 70.3% during the third quarter. Huntington National Bank now owns 247 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 102 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Onto Innovation by 51.3% during the third quarter. Public Employees Retirement System of Ohio now owns 516 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 175 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Onto Innovation during the second quarter valued at about $52,000. CWM LLC raised its stake in shares of Onto Innovation by 16.2% during the second quarter. CWM LLC now owns 646 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 90 shares during the last quarter. Finally, Pinebridge Investments L.P. bought a new position in Onto Innovation in the second quarter worth about $78,000. 94.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ONTO shares. Stifel Nicolaus increased their price target on shares of Onto Innovation from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. StockNews.com downgraded shares of Onto Innovation from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Benchmark increased their price target on shares of Onto Innovation from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday. Finally, B. Riley increased their price target on shares of Onto Innovation from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.50.

View Our Latest Research Report on Onto Innovation

Onto Innovation Stock Performance

Shares of ONTO opened at $180.01 on Monday. The stock has a market cap of $8.83 billion, a PE ratio of 73.17 and a beta of 1.39. Onto Innovation Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $180.12. The firm’s 50-day simple moving average is $152.39 and its two-hundred day simple moving average is $134.98.

Onto Innovation (NYSE:ONTOGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. The business had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $209.06 million. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The business’s revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 earnings per share. Equities research analysts predict that Onto Innovation Inc. will post 4.67 EPS for the current year.

Onto Innovation Company Profile

(Free Report)

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It 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; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites.

See Also

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

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