Impax Asset Management Group plc Has $16.37 Million Holdings in Onto Innovation Inc. (NYSE:ONTO)

Impax Asset Management Group plc cut its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,057 shares of the semiconductor company's stock after selling 18,000 shares during the quarter. Impax Asset Management Group plc owned about 0.22% of Onto Innovation worth $16,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ONTO. Vanguard Group Inc. raised its position in Onto Innovation by 0.5% in the third quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company's stock valued at $730,472,000 after purchasing an additional 27,695 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Onto Innovation by 14.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,891,994 shares of the semiconductor company's stock valued at $128,826,000 after acquiring an additional 239,310 shares in the last quarter. State Street Corp increased its stake in Onto Innovation by 3.6% during the first 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 during the period. Price T Rowe Associates Inc. MD increased its stake in Onto Innovation by 55.2% during the second 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 during the period. Finally, Robeco Schweiz AG lifted its position in shares of Onto Innovation by 10.2% during the first quarter. Robeco Schweiz AG now owns 1,300,000 shares of the semiconductor company's stock worth $112,957,000 after purchasing an additional 120,000 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ONTO. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Monday, February 12th. Stifel Nicolaus increased 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. Benchmark boosted their price objective on Onto Innovation from $145.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Finally, B. Riley upped their target price on shares of Onto Innovation from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $180.75.

Insider Buying and Selling

In other Onto Innovation news, Director David Brian Miller sold 2,800 shares of Onto Innovation stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $170.49, for a total transaction of $477,372.00. Following the transaction, the director now owns 9,008 shares of the company's stock, valued at approximately $1,535,773.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Onto Innovation news, Director David Brian Miller sold 2,800 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $170.49, for a total transaction of $477,372.00. Following the transaction, the director now owns 9,008 shares in the company, valued at $1,535,773.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Yoon Ah Oh sold 2,685 shares of Onto Innovation stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.96, for a total value of $467,082.60. Following the completion of the transaction, the vice president now owns 16,598 shares in the company, valued at $2,887,388.08. The disclosure for this sale can be found here. Insiders have sold a total of 47,170 shares of company stock valued at $8,266,955 over the last quarter. Corporate insiders own 0.81% of the company's stock.

Onto Innovation Stock Performance

NYSE:ONTO traded down $3.54 during mid-day trading on Wednesday, hitting $184.26. 335,005 shares of the company's stock traded hands, compared to its average volume of 417,116. The firm's 50 day simple moving average is $178.89 and its 200 day simple moving average is $152.62. Onto Innovation Inc. has a 1 year low of $76.40 and a 1 year high of $199.72. The company has a market cap of $9.05 billion, a PE ratio of 76.35 and a beta of 1.40.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share 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 company had revenue of $219.00 million during the quarter, compared to analysts' expectations of $209.06 million. During the same period in the prior year, the company posted $1.57 EPS. The firm's revenue for the quarter was down 13.5% on a year-over-year basis. On average, research analysts expect that Onto Innovation Inc. will post 4.7 earnings per share for the current fiscal year.

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.