CIBC Asset Management Inc Purchases 81 Shares of Onto Innovation Inc. (NYSE:ONTO)

CIBC Asset Management Inc raised its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,533 shares of the semiconductor company’s stock after purchasing an additional 81 shares during the quarter. CIBC Asset Management Inc’s holdings in Onto Innovation were worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ONTO. Mather Group LLC. grew its holdings in shares of Onto Innovation by 209.4% during the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Versant Capital Management Inc boosted its stake in Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 197 shares during the last quarter. Berbice Capital Management LLC acquired a new position in Onto Innovation during the 4th quarter valued at about $50,000. UMB Bank n.a. increased its holdings in Onto Innovation by 22.8% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 74 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Onto Innovation by 26.3% in the third quarter. Huntington National Bank now owns 423 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insiders Place Their Bets

In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the completion of the sale, the chief executive officer now directly owns 150,492 shares in the company, valued at $32,986,341.48. The trade was a 18.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the sale, the senior vice president now owns 15,223 shares in the company, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock worth $18,182,185 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

Onto Innovation Stock Down 0.8 %

NYSE ONTO opened at $158.15 on Tuesday. The company has a market cap of $7.81 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 0.89 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. The firm’s 50-day simple moving average is $186.66 and its two-hundred day simple moving average is $189.60.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. As a group, equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ONTO shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. StockNews.com downgraded shares of Onto Innovation from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. Oppenheimer dropped their price target on shares of Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus cut their target price on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.88.

Onto Innovation Company 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.