Bank of Nova Scotia lifted its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 27.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,869 shares of the semiconductor company's stock after buying an additional 5,869 shares during the quarter. Bank of Nova Scotia owned approximately 0.05% of Onto Innovation worth $4,478,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Onto Innovation by 33.9% during the fourth quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company's stock worth $234,344,000 after purchasing an additional 356,161 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Onto Innovation by 20.5% during the 4th quarter. Federated Hermes Inc. now owns 8,566 shares of the semiconductor company's stock worth $1,428,000 after buying an additional 1,455 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Onto Innovation in the 4th quarter valued at approximately $47,000. Russell Investments Group Ltd. grew its stake in shares of Onto Innovation by 13.7% in the fourth quarter. Russell Investments Group Ltd. now owns 13,622 shares of the semiconductor company's stock worth $2,270,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Katamaran Capital LLP purchased a new stake in shares of Onto Innovation during the fourth quarter worth $2,407,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Onto Innovation
In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total value of $7,671,650.00. Following the transaction, the chief executive officer now directly owns 150,492 shares in the company, valued at approximately $32,986,341.48. This trade represents a 18.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.
Onto Innovation Stock Up 0.0 %
ONTO traded up $0.03 during trading on Friday, hitting $114.92. 613,059 shares of the stock were exchanged, compared to its average volume of 792,170. Onto Innovation Inc. has a 1-year low of $98.21 and a 1-year high of $238.93. The stock has a fifty day moving average price of $137.14 and a two-hundred day moving average price of $169.95. The firm has a market capitalization of $5.61 billion, a P/E ratio of 28.30, a PEG ratio of 0.89 and a beta of 1.46.
Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results 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 net margin of 20.43% and a return on equity of 14.24%. Analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, February 7th. Stifel Nicolaus lowered their price objective on Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday. Oppenheimer cut their target price on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $218.13.
Get Our Latest Stock Report on Onto Innovation
Onto Innovation Company Profile
(
Free Report)
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.
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