Onto Innovation Inc. (NYSE:ONTO) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its stake in Onto Innovation Inc. (NYSE:ONTO) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,150 shares of the semiconductor company’s stock after purchasing an additional 100 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Onto Innovation were worth $191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Onto Innovation by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock worth $416,863,000 after buying an additional 228,800 shares during the last quarter. State Street Corp lifted its position in shares of Onto Innovation by 2.8% in the third quarter. State Street Corp now owns 1,469,969 shares of the semiconductor company’s stock valued at $305,107,000 after acquiring an additional 39,367 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Onto Innovation by 4.5% in the third quarter. Franklin Resources Inc. now owns 1,281,801 shares of the semiconductor company’s stock worth $288,320,000 after acquiring an additional 54,868 shares during the last quarter. Geneva Capital Management LLC increased its position in shares of Onto Innovation by 7.6% during the fourth quarter. Geneva Capital Management LLC now owns 1,010,691 shares of the semiconductor company’s stock worth $168,452,000 after purchasing an additional 71,050 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Onto Innovation by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 834,345 shares of the semiconductor company’s stock valued at $173,401,000 after purchasing an additional 13,405 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Down 1.4 %

ONTO stock opened at $135.73 on Friday. Onto Innovation Inc. has a 52-week low of $121.47 and a 52-week high of $238.93. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The business has a fifty day moving average of $171.89 and a two-hundred day moving average of $180.58.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (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, sell-side analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ONTO. Stifel Nicolaus dropped their target price on shares of Onto Innovation from $270.00 to $250.00 and set a “buy” rating for the company in a report on Friday, February 7th. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. Oppenheimer lowered their target price on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.88.

Insider Transactions at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the business’s 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 owns 15,223 shares in the company, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 85,827 shares of company stock worth $18,182,185. 0.72% of the stock is currently owned by insiders.

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.