Mariner LLC Sells 2,792 Shares of Onto Innovation Inc. (NYSE:ONTO)

Mariner LLC decreased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 36.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,778 shares of the semiconductor company’s stock after selling 2,792 shares during the quarter. Mariner LLC’s holdings in Onto Innovation were worth $796,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ONTO. Norges Bank bought a new position in Onto Innovation in the 4th quarter worth $87,987,000. Artisan Partners Limited Partnership boosted its holdings in Onto Innovation by 41.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company’s stock worth $252,530,000 after buying an additional 444,860 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Onto Innovation by 72.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 870,250 shares of the semiconductor company’s stock worth $145,045,000 after buying an additional 364,853 shares during the period. Invesco Ltd. boosted its holdings in Onto Innovation by 33.9% in the 4th quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company’s stock worth $234,344,000 after buying an additional 356,161 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Onto Innovation by 21.2% in the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company’s stock worth $258,883,000 after buying an additional 271,470 shares during the period. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Down 0.8 %

NYSE ONTO opened at $124.56 on Tuesday. Onto Innovation Inc. has a 52 week low of $98.21 and a 52 week high of $238.93. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 0.89 and a beta of 1.46. The company has a fifty day moving average of $129.56 and a two-hundred day moving average of $165.04.

Onto Innovation (NYSE:ONTO) last released its quarterly 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 14.24%. Equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analyst Weigh In

ONTO has been the subject of several recent analyst reports. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Jefferies Financial Group decreased their price target on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Oppenheimer decreased their price target on shares of Onto Innovation from $240.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, Stifel Nicolaus decreased their price target on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

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.