First National Bank of Omaha Purchases Shares of 15,372 Onto Innovation Inc. $ONTO

First National Bank of Omaha acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,372 shares of the semiconductor company’s stock, valued at approximately $1,986,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ONTO. Westside Investment Management Inc. boosted its position in Onto Innovation by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Onto Innovation in the third quarter worth $37,000. Farther Finance Advisors LLC boosted its holdings in Onto Innovation by 76.8% during the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 139 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Onto Innovation in the third quarter valued at $47,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Ratings Changes

ONTO has been the topic of several analyst reports. Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $170.00 to $275.00 in a research report on Monday. Needham & Company LLC lifted their target price on Onto Innovation from $200.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Jefferies Financial Group upped their target price on Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 15th. B. Riley Financial raised their price target on Onto Innovation from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and an average price target of $211.25.

Onto Innovation Stock Up 0.4%

ONTO opened at $221.08 on Thursday. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $229.87. The business has a 50 day moving average of $189.80 and a 200-day moving average of $148.10. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 62.45, a PEG ratio of 1.22 and a beta of 1.50.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.