Guggenheim Capital LLC Sells 4,396 Shares of Onto Innovation Inc. (NYSE:ONTO)

Guggenheim Capital LLC cut its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 40.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,559 shares of the semiconductor company's stock after selling 4,396 shares during the quarter. Guggenheim Capital LLC's holdings in Onto Innovation were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in Onto Innovation by 1,296.7% in the third quarter. Barclays PLC now owns 217,190 shares of the semiconductor company's stock worth $45,079,000 after purchasing an additional 201,640 shares in the last quarter. Morse Asset Management Inc raised its position in Onto Innovation by 6.4% in the 3rd quarter. Morse Asset Management Inc now owns 16,749 shares of the semiconductor company's stock worth $3,476,000 after buying an additional 1,010 shares during the last quarter. Sanctuary Advisors LLC raised its position in Onto Innovation by 108.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,370 shares of the semiconductor company's stock worth $492,000 after buying an additional 1,232 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Onto Innovation by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,801 shares of the semiconductor company's stock valued at $288,320,000 after purchasing an additional 54,868 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Onto Innovation during the 3rd quarter valued at about $1,429,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Down 0.8 %

NYSE ONTO traded down $1.03 during trading hours on Monday, reaching $124.56. The company's stock had a trading volume of 783,589 shares, compared to its average volume of 800,256. The firm's 50-day moving average price is $129.56 and its 200-day moving average price is $165.04. Onto Innovation Inc. has a 1 year low of $98.21 and a 1 year high of $238.93. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 0.89 and a beta of 1.46.

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

Wall Street Analysts Forecast Growth

ONTO has been the subject of a number of recent research reports. Oppenheimer cut their price target on Onto Innovation from $240.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus cut 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Onto Innovation has a consensus rating of "Moderate Buy" and an average target price of $218.13.

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.