Capital Fund Management S.A. Buys 27,517 Shares of Onto Innovation Inc. (NYSE:ONTO)

Capital Fund Management S.A. raised its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,885 shares of the semiconductor company's stock after acquiring an additional 27,517 shares during the period. Capital Fund Management S.A. owned about 0.14% of Onto Innovation worth $11,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its position in shares of Onto Innovation by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company's stock worth $2,680,000 after buying an additional 225 shares during the period. Geode Capital Management LLC lifted its position in shares of Onto Innovation by 1.6% in the third quarter. Geode Capital Management LLC now owns 834,345 shares of the semiconductor company's stock worth $173,401,000 after purchasing an additional 13,405 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Onto Innovation by 12.9% during the third 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. HighTower Advisors LLC increased its stake in Onto Innovation by 72.0% in the 3rd quarter. HighTower Advisors LLC now owns 10,184 shares of the semiconductor company's stock valued at $2,095,000 after buying an additional 4,263 shares during the last quarter. Finally, Barclays PLC lifted its position in Onto Innovation by 1,296.7% during the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company's stock worth $45,079,000 after buying an additional 201,640 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

Onto Innovation Price Performance

ONTO traded down $0.60 during trading on Thursday, hitting $114.29. The stock had a trading volume of 184,471 shares, compared to its average volume of 789,328. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 0.89 and a beta of 1.46. The company has a 50 day moving average price of $138.51 and a 200-day moving average price of $170.59. Onto Innovation Inc. has a one year low of $98.21 and a one year high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 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%. As a group, sell-side analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Benchmark reissued a "buy" rating and set a $230.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Stifel Nicolaus decreased their price objective on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday. Oppenheimer reduced their price target on Onto Innovation from $240.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group dropped their price objective 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Onto Innovation presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

Insider Activity at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the sale, the chief executive officer now directly owns 150,492 shares in the company, valued at $32,986,341.48. This represents a 18.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by corporate insiders.

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.