Nomura Holdings Inc. Takes $1.09 Million Position in Onto Innovation Inc. (NYSE:ONTO)

Nomura Holdings Inc. purchased a new stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,554 shares of the semiconductor company's stock, valued at approximately $1,092,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in shares of Onto Innovation during the fourth quarter valued at approximately $26,000. Mather Group LLC. grew its position in Onto Innovation by 209.4% in the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 111 shares during the period. Johnson Financial Group Inc. bought a new stake in Onto Innovation during the 4th quarter valued at $38,000. SBI Securities Co. Ltd. acquired a new position in Onto Innovation during the fourth quarter worth $43,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Onto Innovation during the fourth quarter worth $47,000. 98.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ONTO. Wall Street Zen raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Oppenheimer cut their price target on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. 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 note on Tuesday, April 15th. Needham & Company LLC dropped their target price on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $135.00 price target (down previously from $250.00) on shares of Onto Innovation in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.86.

Onto Innovation Stock Performance

NYSE:ONTO traded up $0.17 on Thursday, hitting $94.79. The stock had a trading volume of 966,663 shares, compared to its average volume of 912,239. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $238.93. The firm's fifty day simple moving average is $118.57 and its two-hundred day simple moving average is $154.42. The stock has a market cap of $4.63 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.04. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. The company had revenue of $267.00 million during the quarter, compared to the consensus estimate of $267.03 million. During the same period last year, the business posted $1.18 earnings per share. Onto Innovation's revenue was up 16.5% on a year-over-year basis. Equities research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current 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.