International Assets Investment Management LLC Buys 611,449 Shares of Onto Innovation Inc. (NYSE:ONTO)

International Assets Investment Management LLC increased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 14,819.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 615,575 shares of the semiconductor company's stock after purchasing an additional 611,449 shares during the quarter. International Assets Investment Management LLC owned approximately 1.25% of Onto Innovation worth $94,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Onto Innovation by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 84,116 shares of the semiconductor company's stock valued at $7,310,000 after acquiring an additional 5,850 shares in the last quarter. Citigroup Inc. boosted its position in shares of Onto Innovation by 5.4% in the 1st quarter. Citigroup Inc. now owns 52,277 shares of the semiconductor company's stock valued at $4,543,000 after purchasing an additional 2,697 shares during the period. AlphaCrest Capital Management LLC grew its stake in Onto Innovation by 88.7% during the 1st quarter. AlphaCrest Capital Management LLC now owns 3,963 shares of the semiconductor company's stock worth $344,000 after buying an additional 1,863 shares during the last quarter. Bank of Montreal Can increased its position in Onto Innovation by 23.3% during the first quarter. Bank of Montreal Can now owns 15,977 shares of the semiconductor company's stock worth $1,392,000 after buying an additional 3,015 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in Onto Innovation by 55.5% in the first quarter. MetLife Investment Management LLC now owns 26,215 shares of the semiconductor company's stock valued at $2,278,000 after buying an additional 9,352 shares during the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Onto Innovation news, CEO Michael P. Plisinski sold 40,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $175.48, for a total value of $7,019,200.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. In related news, VP Yoon Ah Oh sold 2,685 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $173.96, for a total transaction of $467,082.60. Following the sale, the vice president now owns 16,598 shares of the company's stock, valued at $2,887,388.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation stock in a transaction dated 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 sale, the chief executive officer now owns 235,492 shares of the company's stock, valued at $41,324,136.16. The disclosure for this sale can be found here. Insiders have sold 47,170 shares of company stock valued at $8,266,955 over the last quarter. Company insiders own 0.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ONTO shares. Benchmark lifted their target price on shares of Onto Innovation from $145.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 9th. B. Riley lifted their price objective on shares of Onto Innovation from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, February 9th. StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Monday, February 12th. Finally, Stifel Nicolaus boosted their price target on Onto Innovation from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Onto Innovation has a consensus rating of "Moderate Buy" and a consensus target price of $180.75.

Onto Innovation Stock Performance

Onto Innovation stock traded up $3.96 during trading hours on Friday, reaching $188.59. 320,570 shares of the stock were exchanged, compared to its average volume of 367,238. The stock has a market cap of $9.27 billion, a P/E ratio of 76.66 and a beta of 1.40. The firm's 50 day moving average is $177.91 and its 200 day moving average is $151.49. Onto Innovation Inc. has a 52-week low of $76.40 and a 52-week high of $199.72.

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

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.