Atria Investments Inc Sells 4,525 Shares of Onto Innovation Inc. (NYSE:ONTO)

Atria Investments Inc decreased its position in Onto Innovation Inc. (NYSE:ONTO) by 61.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,800 shares of the semiconductor company’s stock after selling 4,525 shares during the quarter. Atria Investments Inc’s holdings in Onto Innovation were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in Onto Innovation in the fourth quarter valued at approximately $26,000. Mather Group LLC. lifted its position in Onto Innovation by 209.4% in the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Versant Capital Management Inc lifted its position in Onto Innovation by 532.4% in the fourth 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. SBI Securities Co. Ltd. bought a new stake in Onto Innovation in the fourth quarter valued at approximately $43,000. Finally, Berbice Capital Management LLC bought a new stake in Onto Innovation in the fourth quarter valued at approximately $50,000. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Up 3.0 %

Shares of ONTO stock opened at $138.72 on Friday. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 0.89 and a beta of 1.29. The business’s fifty day moving average is $177.40 and its 200 day moving average is $183.00. Onto Innovation Inc. has a twelve month low of $121.47 and a twelve month high of $238.93.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. Equities research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Insider Transactions at Onto Innovation

In other news, SVP Srinivas Vedula sold 827 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the sale, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. This represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael P. Plisinski sold 35,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total value 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 approximately $32,986,341.48. This represents a 18.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,827 shares of company stock valued at $18,182,185. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

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

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.