UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 15,961 Shares of Onto Innovation Inc. (NYSE:ONTO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,084 shares of the semiconductor company's stock after acquiring an additional 15,961 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Onto Innovation worth $25,015,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ONTO. Bridge City Capital LLC increased its position in shares of Onto Innovation by 1.0% in the fourth quarter. Bridge City Capital LLC now owns 8,165 shares of the semiconductor company's stock worth $1,361,000 after purchasing an additional 78 shares during the period. CIBC Asset Management Inc grew its stake in Onto Innovation by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company's stock worth $256,000 after buying an additional 81 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in Onto Innovation by 9.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 1,150 shares of the semiconductor company's stock valued at $191,000 after buying an additional 100 shares during the period. Assetmark Inc. raised its position in shares of Onto Innovation by 0.3% in the 4th quarter. Assetmark Inc. now owns 40,882 shares of the semiconductor company's stock valued at $6,814,000 after buying an additional 109 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings 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 acquiring an additional 111 shares during the period. 98.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer decreased their price objective on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" 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 decreased their price target 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. Benchmark decreased their price target 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. Finally, Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the company a "hold" rating in a research note on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $167.86.

Onto Innovation Stock Down 3.2%

Shares of ONTO stock traded down $3.05 during mid-day trading on Friday, reaching $91.99. 1,558,209 shares of the stock traded hands, compared to its average volume of 934,419. The company has a market cap 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. The stock's fifty day simple moving average is $113.34 and its two-hundred day simple moving average is $151.05. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. The business had revenue of $267.00 million for the quarter, compared to the consensus estimate of $267.03 million. During the same period last year, the company earned $1.18 EPS. The firm's revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

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.