Janney Montgomery Scott LLC Has $215,000 Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

Janney Montgomery Scott LLC cut its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 68.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,774 shares of the semiconductor company's stock after selling 3,838 shares during the period. Janney Montgomery Scott LLC's holdings in Onto Innovation were worth $215,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new position in Onto Innovation during the fourth quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB raised its stake in Onto Innovation by 177.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after buying an additional 151 shares during the period. SBI Securities Co. Ltd. bought a new stake in Onto Innovation in the fourth quarter valued at approximately $43,000. Aster Capital Management DIFC Ltd bought a new stake in Onto Innovation in the fourth quarter valued at approximately $47,000. Finally, Smartleaf Asset Management LLC raised its stake in Onto Innovation by 51.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 548 shares of the semiconductor company's stock valued at $92,000 after buying an additional 185 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Price Performance

Onto Innovation stock traded up $4.72 during mid-day trading on Tuesday, reaching $103.42. 1,327,806 shares of the company were exchanged, compared to its average volume of 977,256. The company has a fifty day simple moving average of $101.37 and a 200-day simple moving average of $137.89. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $238.93. The firm has a market cap of $5.05 billion, a PE ratio of 23.40, a PEG ratio of 0.68 and a beta of 1.45.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.04. Onto Innovation had a return on equity of 14.85% and a net margin of 21.36%. The firm had revenue of $267.00 million for the quarter, compared to analyst estimates of $267.03 million. During the same quarter last year, the company earned $1.18 EPS. The company's revenue was up 16.5% on a year-over-year basis. Sell-side analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ONTO. Benchmark dropped their price objective on Onto Innovation from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Wall Street Zen upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Stifel Nicolaus lowered their target price on Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Cantor Fitzgerald lowered their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Finally, Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.67.

About Onto Innovation

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.