Mariner LLC Sells 2,792 Shares of Onto Innovation Inc. (NYSE:ONTO)

Mariner LLC reduced its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 36.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,778 shares of the semiconductor company's stock after selling 2,792 shares during the period. Mariner LLC's holdings in Onto Innovation were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ONTO. Kestra Investment Management LLC bought a new stake in Onto Innovation in the 4th quarter worth $26,000. Mather Group LLC. boosted its stake 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 valued at $27,000 after purchasing an additional 111 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 197 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $43,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $47,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Down 0.8 %

Onto Innovation stock traded down $0.96 during trading hours on Thursday, hitting $121.01. The stock had a trading volume of 1,029,347 shares, compared to its average volume of 803,676. The stock's 50-day moving average price is $127.90 and its 200-day moving average price is $164.44. Onto Innovation Inc. has a 12-month low of $98.21 and a 12-month high of $238.93. The stock has a market capitalization of $5.91 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

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

Wall Street Analyst Weigh In

Several research firms recently commented on ONTO. Oppenheimer dropped their price objective on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock 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. Needham & Company LLC reissued a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Benchmark reissued a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.13.

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.