Natixis Buys 2,400 Shares of Onto Innovation Inc. (NYSE:ONTO)

Natixis boosted its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,507 shares of the semiconductor company's stock after purchasing an additional 2,400 shares during the quarter. Natixis' holdings in Onto Innovation were worth $3,751,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Onto Innovation by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,166,137 shares of the semiconductor company's stock worth $861,040,000 after buying an additional 76,233 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Onto Innovation by 9.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,192,238 shares of the semiconductor company's stock worth $365,380,000 after buying an additional 183,839 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Onto Innovation by 21.2% in the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company's stock worth $258,883,000 after purchasing an additional 271,470 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in Onto Innovation by 41.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company's stock valued at $252,530,000 after purchasing an additional 444,860 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Onto Innovation by 33.9% during the fourth quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company's stock valued at $234,344,000 after purchasing an additional 356,161 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Price Performance

Onto Innovation stock traded down $0.21 during trading hours on Friday, hitting $125.50. The company had a trading volume of 550,585 shares, compared to its average volume of 800,320. The firm has a market capitalization of $6.13 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The firm's fifty day moving average is $130.48 and its 200-day moving average is $165.69. Onto Innovation Inc. has a fifty-two week low of $98.21 and a fifty-two week high of $238.93.

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%. Analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Needham & Company LLC reissued a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Benchmark reissued a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Oppenheimer cut their target price on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Stifel Nicolaus cut their target price on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Onto Innovation currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.13.

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.