Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Fmr LLC

FMR LLC reduced its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 743,226 shares of the semiconductor company's stock after selling 82,456 shares during the period. FMR LLC owned approximately 1.50% of Onto Innovation worth $123,874,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Onto Innovation during the 4th quarter valued at $26,000. Mather Group LLC. raised 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 worth $27,000 after purchasing an additional 111 shares during the period. Versant Capital Management Inc lifted its stake in Onto Innovation by 532.4% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 197 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Onto Innovation during the fourth quarter valued at approximately $43,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Onto Innovation during the fourth quarter valued at approximately $47,000. Institutional investors own 98.35% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ONTO. Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Stifel Nicolaus reduced their target price on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group lowered their price target on Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Onto Innovation currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.13.

Onto Innovation Trading Up 0.0 %

Shares of NYSE:ONTO traded up $0.03 on Friday, reaching $114.92. The company had a trading volume of 613,059 shares, compared to its average volume of 792,568. The firm has a market capitalization of $5.61 billion, a PE ratio of 28.30, a PEG ratio of 0.89 and a beta of 1.46. Onto Innovation Inc. has a 52-week low of $98.21 and a 52-week high of $238.93. The firm's 50 day simple moving average is $135.91 and its 200-day simple moving average is $169.36.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. As a group, equities research analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Insider Transactions at Onto Innovation

In related news, CEO Michael P. Plisinski sold 35,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the transaction, the chief executive officer now directly owns 150,492 shares in the company, valued at $32,986,341.48. The trade was a 18.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company's stock.

Onto Innovation 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.