Nomura Holdings Inc. Buys Shares of 6,554 Onto Innovation Inc. (NYSE:ONTO)

Nomura Holdings Inc. bought a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,554 shares of the semiconductor company's stock, valued at approximately $1,092,000.

Several other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in Onto Innovation by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company's stock valued at $2,680,000 after purchasing an additional 225 shares during the period. JPMorgan Chase & Co. raised its position in Onto Innovation by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company's stock valued at $416,863,000 after purchasing an additional 228,800 shares during the period. Barclays PLC raised its position in Onto Innovation by 1,296.7% in the third quarter. Barclays PLC now owns 217,190 shares of the semiconductor company's stock valued at $45,079,000 after purchasing an additional 201,640 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Onto Innovation by 40.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 140,455 shares of the semiconductor company's stock valued at $23,410,000 after purchasing an additional 40,290 shares during the period. Finally, Truist Financial Corp raised its position in Onto Innovation by 35.6% in the fourth quarter. Truist Financial Corp now owns 1,605 shares of the semiconductor company's stock valued at $268,000 after purchasing an additional 421 shares during the period. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ONTO. Benchmark dropped their target price on Onto Innovation from $230.00 to $190.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Oppenheimer dropped their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. 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 research report on Friday, May 9th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $135.00 target price (down from $250.00) on shares of Onto Innovation in a research report on Monday, May 5th. Finally, Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the stock a "hold" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.86.

Onto Innovation Price Performance

NYSE:ONTO traded down $2.85 during mid-day trading on Friday, reaching $91.98. The stock had a trading volume of 1,482,266 shares, compared to its average volume of 921,197. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $238.93. The stock's 50 day simple moving average is $116.84 and its two-hundred day simple moving average is $153.14.

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 analysts' consensus estimates of $1.47 by $0.04. The business had revenue of $267.00 million during the quarter, compared to the consensus estimate of $267.03 million. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. The company's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $1.18 earnings per share. Sell-side analysts anticipate 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.