Xponance Inc. Acquires 4,140 Shares of Onto Innovation Inc. (NYSE:ONTO)

Xponance Inc. increased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 141.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,061 shares of the semiconductor company’s stock after purchasing an additional 4,140 shares during the period. Xponance Inc.’s holdings in Onto Innovation were worth $1,080,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Onto Innovation by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company’s stock valued at $730,472,000 after purchasing an additional 27,695 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its stake in Onto Innovation by 0.4% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,182,689 shares of the semiconductor company’s stock valued at $150,817,000 after acquiring an additional 4,400 shares in the last quarter. Invesco Ltd. lifted its stake in Onto Innovation by 113.7% in the 3rd quarter. Invesco Ltd. now owns 1,074,877 shares of the semiconductor company’s stock valued at $137,068,000 after acquiring an additional 571,917 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Onto Innovation by 14,819.4% in the 4th quarter. International Assets Investment Management LLC now owns 615,575 shares of the semiconductor company’s stock valued at $94,121,000 after acquiring an additional 611,449 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Onto Innovation by 0.8% in the 3rd quarter. Northern Trust Corp now owns 608,293 shares of the semiconductor company’s stock valued at $77,570,000 after acquiring an additional 4,583 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ONTO shares. Evercore ISI started coverage on Onto Innovation in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $235.00 target price on the stock. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Benchmark boosted their target price on Onto Innovation from $145.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 9th. B. Riley boosted their target price on Onto Innovation from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus upped their price objective on Onto Innovation from $188.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.60.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 40,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total value of $7,019,200.00. Following the transaction, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Onto Innovation news, CEO Michael P. Plisinski sold 40,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total value of $7,019,200.00. Following the transaction, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Yoon Ah Oh sold 1,685 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $180.00, for a total value of $303,300.00. Following the sale, the vice president now directly owns 14,913 shares in the company, valued at $2,684,340. The disclosure for this sale can be found here. Insiders have sold a total of 47,170 shares of company stock valued at $8,266,955 in the last ninety days. 0.72% of the stock is currently owned by corporate insiders.

Onto Innovation Stock Up 0.4 %

Shares of Onto Innovation stock opened at $176.84 on Thursday. The stock has a market cap of $8.69 billion, a P/E ratio of 71.89 and a beta of 1.40. Onto Innovation Inc. has a 12-month low of $76.40 and a 12-month high of $199.72. The business’s 50 day moving average is $181.96 and its 200-day moving average is $156.51.

Onto Innovation (NYSE:ONTO) last posted its earnings results 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. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. The business had revenue of $219.00 million for the quarter, compared to analyst estimates of $209.06 million. During the same period in the previous year, the firm earned $1.57 EPS. The firm’s revenue was down 13.5% compared to the same quarter last year. On average, sell-side analysts expect that Onto Innovation Inc. will post 4.7 EPS for the current year.

About Onto Innovation

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.