4D Advisors LLC Buys Shares of 25,000 Onto Innovation Inc. (NYSE:ONTO)

4D Advisors LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,000 shares of the semiconductor company's stock, valued at approximately $4,167,000. Onto Innovation makes up approximately 2.9% of 4D Advisors LLC's portfolio, making the stock its 14th largest position. 4D Advisors LLC owned 0.05% of Onto Innovation at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in Onto Innovation by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company's stock worth $2,680,000 after acquiring an additional 225 shares during the period. JPMorgan Chase & Co. raised its position in shares of Onto Innovation by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company's stock worth $416,863,000 after purchasing an additional 228,800 shares during the last quarter. Barclays PLC raised its stake in Onto Innovation by 1,296.7% in the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company's stock valued at $45,079,000 after purchasing an additional 201,640 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Onto Innovation by 40.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 140,455 shares of the semiconductor company's stock worth $23,410,000 after acquiring an additional 40,290 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new stake in shares of Onto Innovation during the fourth quarter worth $437,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ONTO. Cantor Fitzgerald reissued a "neutral" rating and issued a $135.00 target price (down from $250.00) on shares of Onto Innovation in a research report on Monday. Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. Jefferies Financial Group cut their price target on Onto Innovation from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Finally, Oppenheimer reduced their target price on Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $203.75.

Onto Innovation Trading Down 2.2 %

ONTO stock traded down $2.79 during trading on Monday, hitting $124.31. The company had a trading volume of 716,142 shares, compared to its average volume of 806,823. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 0.89 and a beta of 1.46. The business has a 50 day moving average of $126.68 and a 200 day moving average of $162.58. Onto Innovation Inc. has a fifty-two week low of $98.21 and a fifty-two week high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. As a group, equities analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.

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.