Deutsche Bank AG Purchases 42,336 Shares of Onto Innovation Inc. (NYSE:ONTO)

Deutsche Bank AG raised its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,189 shares of the semiconductor company's stock after buying an additional 42,336 shares during the quarter. Deutsche Bank AG owned about 0.20% of Onto Innovation worth $16,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. lifted its position in shares of Onto Innovation by 8,504.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 222,330 shares of the semiconductor company's stock worth $37,056,000 after buying an additional 219,746 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Onto Innovation by 100.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 25,698 shares of the semiconductor company's stock worth $4,283,000 after acquiring an additional 12,864 shares in the last quarter. Concentric Capital Strategies LP bought a new position in shares of Onto Innovation during the 4th quarter valued at approximately $1,633,000. Centiva Capital LP boosted its position in shares of Onto Innovation by 823.2% during the 4th quarter. Centiva Capital LP now owns 12,445 shares of the semiconductor company's stock valued at $2,074,000 after acquiring an additional 11,097 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Onto Innovation by 22.2% in the fourth quarter. Captrust Financial Advisors now owns 4,838 shares of the semiconductor company's stock valued at $806,000 after purchasing an additional 879 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Wall Street Analysts Forecast Growth

ONTO has been the topic of a number of recent research reports. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group lowered their price target on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a report on Friday, March 28th. Needham & Company LLC dropped their price target on Onto Innovation from $230.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus decreased their price objective on Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Benchmark lowered their price objective on Onto Innovation from $230.00 to $190.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $177.14.

Onto Innovation Stock Performance

Onto Innovation stock traded up $1.08 during mid-day trading on Monday, hitting $100.48. The company's stock had a trading volume of 1,359,441 shares, compared to its average volume of 901,549. The company has a 50 day moving average of $120.86 and a 200-day moving average of $155.76. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $238.93. The stock has a market cap of $4.91 billion, a PE ratio of 24.75, a P/E/G ratio of 0.89 and a beta of 1.55.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04. The company had revenue of $267.00 million for the quarter, compared to the consensus estimate of $267.03 million. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. The firm's revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 EPS. On average, equities research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Onto Innovation Company 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.