GAMMA Investing LLC grew its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 21,129.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,712 shares of the semiconductor company's stock after purchasing an additional 129,101 shares during the quarter. GAMMA Investing LLC owned approximately 0.26% of Onto Innovation worth $15,739,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Kestra Investment Management LLC bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $26,000. Mather Group LLC. raised its position in shares of Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 111 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Onto Innovation by 177.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock worth $29,000 after buying an additional 151 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Onto Innovation during the fourth quarter worth about $38,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Onto Innovation in the 4th quarter worth about $43,000. Institutional investors own 98.35% of the company's stock.
Onto Innovation Stock Up 1.9%
NYSE ONTO traded up $1.85 on Tuesday, reaching $101.31. 1,091,300 shares of the stock traded hands, compared to its average volume of 951,748. The firm's fifty day simple moving average is $108.65 and its 200 day simple moving average is $147.13. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 0.89 and a beta of 1.45. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $238.93.
Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. The business had revenue of $267.00 million during the quarter, compared to analysts' expectations of $267.03 million. During the same quarter last year, the business posted $1.18 earnings per share. The company's quarterly revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ONTO. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the company a "hold" rating in a report on Tuesday, May 20th. Needham & Company LLC lowered their target price on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus reduced their price target on Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Benchmark decreased their price target 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. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $135.00 price target (down from $250.00) on shares of Onto Innovation in a report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $167.86.
Check Out Our Latest 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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