Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Peterson Wealth Services

Peterson Wealth Services reduced its holdings in Onto Innovation Inc. (NYSE:ONTO) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,487 shares of the semiconductor company’s stock after selling 261 shares during the period. Peterson Wealth Services’ holdings in Onto Innovation were worth $748,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ONTO. Northwestern Mutual Wealth Management Co. lifted its position in shares of Onto Innovation by 675.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 124 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 108 shares in the last quarter. Cetera Investment Advisers raised its position in Onto Innovation by 118.2% during the second quarter. Cetera Investment Advisers now owns 9,151 shares of the semiconductor company’s stock worth $2,009,000 after acquiring an additional 4,958 shares during the period. Sanctuary Advisors LLC purchased a new position in Onto Innovation during the second quarter valued at $250,000. CWM LLC grew its position in shares of Onto Innovation by 69.4% in the third quarter. CWM LLC now owns 1,874 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 768 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Onto Innovation by 62.0% during the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 124 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Stock Down 1.9 %

NYSE ONTO opened at $183.40 on Tuesday. The business’s fifty day simple moving average is $186.01 and its 200-day simple moving average is $190.03. The firm has a market cap of $9.06 billion, a PE ratio of 45.17, a P/E/G ratio of 1.09 and a beta of 1.31. Onto Innovation Inc. has a 52 week low of $145.15 and a 52 week high of $238.93.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.41%. Research analysts expect that Onto Innovation Inc. will post 6.46 EPS for the current year.

Insider Activity

In related news, CEO Michael P. Plisinski sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total value of $4,003,800.00. Following the sale, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. The trade was a 8.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Srinivas Vedula sold 827 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the transaction, the senior vice president now directly owns 15,223 shares in the company, valued at $3,120,715. The trade was a 5.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ONTO. Oppenheimer reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Onto Innovation in a research note on Tuesday, December 17th. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research report on Friday. Jefferies Financial Group dropped their price target on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus decreased their price objective on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a report on Friday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.25.

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.