Onto Innovation Inc. (NYSE:ONTO) Stake Raised by Value Aligned Research Advisors LLC

Value Aligned Research Advisors LLC raised its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 63.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,813 shares of the semiconductor company's stock after purchasing an additional 10,435 shares during the period. Onto Innovation accounts for about 1.0% of Value Aligned Research Advisors LLC's investment portfolio, making the stock its 14th largest position. Value Aligned Research Advisors LLC owned approximately 0.05% of Onto Innovation worth $4,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Onto Innovation by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company's stock worth $730,472,000 after purchasing an additional 27,695 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Onto Innovation by 14.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,891,994 shares of the semiconductor company's stock worth $128,826,000 after purchasing an additional 239,310 shares in the last quarter. State Street Corp raised its stake in shares of Onto Innovation by 3.6% during the 1st quarter. State Street Corp now owns 1,687,670 shares of the semiconductor company's stock worth $148,312,000 after purchasing an additional 58,146 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Onto Innovation by 55.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,666,438 shares of the semiconductor company's stock worth $116,217,000 after purchasing an additional 592,920 shares in the last quarter. Finally, Robeco Schweiz AG raised its stake in shares of Onto Innovation by 10.2% in the 1st quarter. Robeco Schweiz AG now owns 1,300,000 shares of the semiconductor company's stock valued at $112,957,000 after acquiring an additional 120,000 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Onto Innovation

In other news, CEO Michael P. Plisinski sold 40,000 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the completion of the sale, the chief executive officer now owns 235,492 shares in the company, valued at $41,324,136.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the completion of the sale, the chief executive officer now directly owns 235,492 shares of the company's stock, valued at $41,324,136.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Brian Miller sold 2,800 shares of Onto Innovation stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $170.49, for a total value of $477,372.00. Following the sale, the director now directly owns 9,008 shares of the company's stock, valued at $1,535,773.92. The disclosure for this sale can be found here. Insiders sold a total of 47,170 shares of company stock worth $8,266,955 over the last 90 days. 0.81% of the stock is owned by insiders.

Onto Innovation Stock Up 0.3 %

ONTO traded up $0.59 during trading on Friday, hitting $181.08. The company's stock had a trading volume of 373,860 shares, compared to its average volume of 368,807. The firm's 50 day moving average price is $175.75 and its two-hundred day moving average price is $149.20. Onto Innovation Inc. has a 12 month low of $76.40 and a 12 month high of $199.72. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 73.61 and a beta of 1.41.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.07. The firm had revenue of $219.00 million during the quarter, compared to the consensus estimate of $209.06 million. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. The business's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS. On average, sell-side analysts forecast that Onto Innovation Inc. will post 4.7 earnings per share for the current year.

Analyst Ratings Changes

ONTO has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price objective on Onto Innovation from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, March 25th. B. Riley raised their price objective on Onto Innovation from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Benchmark raised their price objective on Onto Innovation from $145.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Finally, StockNews.com raised Onto Innovation from a "sell" rating to a "hold" rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Onto Innovation currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.75.

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.

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