Jump Financial LLC raised its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 363.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,656 shares of the semiconductor company's stock after acquiring an additional 19,334 shares during the period. Jump Financial LLC's holdings in Onto Innovation were worth $4,109,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Kestra Investment Management LLC purchased a new stake in Onto Innovation in the 4th quarter worth approximately $26,000. Mather Group LLC. boosted its holdings in Onto Innovation by 209.4% during the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock worth $27,000 after buying an additional 111 shares in the last quarter. Versant Capital Management Inc grew its position in Onto Innovation by 532.4% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock valued at $39,000 after buying an additional 197 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Onto Innovation in the fourth quarter worth about $43,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Onto Innovation during the 4th quarter worth about $47,000. 98.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ONTO has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Oppenheimer cut their price objective 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. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.
Check Out Our Latest Research Report on ONTO
Onto Innovation Stock Performance
Shares of ONTO traded up $2.94 during midday trading on Tuesday, hitting $115.09. The company had a trading volume of 128,917 shares, compared to its average volume of 790,305. The company's 50-day simple moving average is $134.79 and its 200-day simple moving average is $168.14. Onto Innovation Inc. has a 1 year low of $98.21 and a 1 year high of $238.93. The firm has a market capitalization of $5.62 billion, a P/E ratio of 28.37, a P/E/G ratio of 0.89 and a beta of 1.46.
Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data 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 net margin of 20.43% and a return on equity of 14.24%. Equities analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.
About Onto Innovation
(
Free Report)
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.
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