Avantax Advisory Services Inc. Has $1.71 Million Stake in Onto Innovation Inc. (NYSE:ONTO)

Avantax Advisory Services Inc. raised its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 6.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,231 shares of the semiconductor company’s stock after acquiring an additional 660 shares during the period. Avantax Advisory Services Inc.’s holdings in Onto Innovation were worth $1,705,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ONTO. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Onto Innovation in the 3rd quarter worth about $478,000. Victory Capital Management Inc. lifted its position in Onto Innovation by 10.4% in the 3rd quarter. Victory Capital Management Inc. now owns 119,134 shares of the semiconductor company’s stock worth $24,727,000 after buying an additional 11,228 shares in the last quarter. KBC Group NV boosted its stake in shares of Onto Innovation by 10.3% during the 3rd quarter. KBC Group NV now owns 1,292 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 121 shares during the period. Huntington National Bank grew its holdings in shares of Onto Innovation by 26.3% during the 3rd quarter. Huntington National Bank now owns 423 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 88 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Onto Innovation by 32.6% in the third quarter. OneDigital Investment Advisors LLC now owns 2,041 shares of the semiconductor company’s stock worth $424,000 after acquiring an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Trading Down 0.5 %

NYSE:ONTO opened at $138.05 on Tuesday. The firm’s fifty day simple moving average is $176.31 and its 200 day simple moving average is $182.32. Onto Innovation Inc. has a 1 year low of $121.47 and a 1 year high of $238.93. The firm has a market capitalization of $6.80 billion, a PE ratio of 34.00, a PEG ratio of 0.89 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last issued 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 return on equity of 14.24% and a net margin of 20.43%. As a group, analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In other news, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the sale, the senior vice president now directly owns 15,223 shares in the company, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael P. Plisinski sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total value of $4,003,800.00. Following the completion of the transaction, the chief executive officer now directly owns 215,492 shares of the company’s stock, valued at approximately $43,139,343.48. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,827 shares of company stock valued at $18,182,185 in the last ninety days. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Stifel Nicolaus dropped 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, February 7th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Finally, 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 note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Onto Innovation currently has a consensus rating of “Moderate Buy” and an average 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.