Onto Innovation Inc. (NYSE:ONTO) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,084 shares of the semiconductor company's stock after acquiring an additional 15,961 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of Onto Innovation worth $25,015,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ONTO. Norges Bank purchased a new position in Onto Innovation in the fourth quarter valued at about $87,987,000. Artisan Partners Limited Partnership boosted its holdings in Onto Innovation by 41.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company's stock valued at $252,530,000 after purchasing an additional 444,860 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Onto Innovation by 72.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 870,250 shares of the semiconductor company's stock valued at $145,045,000 after purchasing an additional 364,853 shares during the last quarter. Invesco Ltd. boosted its holdings in Onto Innovation by 33.9% in the fourth quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company's stock valued at $234,344,000 after purchasing an additional 356,161 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Onto Innovation by 21.2% in the fourth quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company's stock valued at $258,883,000 after purchasing an additional 271,470 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Down 3.2%

NYSE:ONTO traded down $3.05 during trading hours on Friday, reaching $91.99. 1,558,209 shares of the stock were exchanged, compared to its average volume of 937,175. The firm has a 50 day simple moving average of $112.41 and a 200-day simple moving average of $150.27. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $238.93. The stock has a market capitalization of $4.49 billion, a P/E ratio of 22.66, a P/E/G ratio of 0.89 and a beta of 1.55.

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

Wall Street Analyst Weigh In

ONTO has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $135.00 price target (down previously from $250.00) on shares of Onto Innovation in a report on Monday, May 5th. Benchmark reduced their target price on Onto Innovation from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Needham & Company LLC reduced 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. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Finally, Oppenheimer reduced their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Three 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $167.86.

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.