Inceptionr LLC Acquires Shares of 3,228 Onto Innovation Inc. $ONTO

Inceptionr LLC bought a new stake in Onto Innovation Inc. (NYSE:ONTO) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,228 shares of the semiconductor company’s stock, valued at approximately $662,000.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC grew its position in Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Onto Innovation by 188.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares during the last quarter. Millstone Evans Group LLC lifted its stake in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 99 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Onto Innovation by 109.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 128 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Onto Innovation during the fourth quarter worth $39,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ONTO shares. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $350.00 price target for the company. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Oppenheimer boosted their target price on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Morgan Stanley started coverage on shares of Onto Innovation in a research note on Sunday, June 14th. They set an “overweight” rating and a $371.00 price target for the company. Finally, Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Onto Innovation has an average rating of “Buy” and an average price target of $339.60.

Onto Innovation Stock Down 6.7%

Onto Innovation stock opened at $271.83 on Friday. The company has a market capitalization of $13.52 billion, a PE ratio of 127.02, a PEG ratio of 1.11 and a beta of 1.55. Onto Innovation Inc. has a 12-month low of $89.40 and a 12-month high of $386.46. The firm’s fifty day moving average is $296.34 and its 200 day moving average is $251.19.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The business had revenue of $291.95 million during the quarter, compared to analysts’ expectations of $292.00 million. During the same period last year, the company posted $1.51 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts expect that Onto Innovation Inc. will post 7.14 EPS for the current fiscal year.

Onto Innovation Company Profile

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.