Mutual of America Capital Management LLC Boosts Position in Onto Innovation Inc. (NYSE:ONTO)

Mutual of America Capital Management LLC grew its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,375 shares of the semiconductor company's stock after acquiring an additional 20,351 shares during the quarter. Mutual of America Capital Management LLC owned 0.12% of Onto Innovation worth $9,231,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ONTO. Vanguard Group Inc. raised its stake 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 in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Onto Innovation by 14.5% in the fourth 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 purchasing an additional 239,310 shares in the last quarter. State Street Corp raised its stake in Onto Innovation by 3.6% in the first quarter. State Street Corp now owns 1,687,670 shares of the semiconductor company's stock valued at $148,312,000 after purchasing an additional 58,146 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Onto Innovation by 55.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,666,438 shares of the semiconductor company's stock valued at $116,217,000 after purchasing an additional 592,920 shares in the last quarter. Finally, Robeco Schweiz AG raised its stake in Onto Innovation by 10.2% in the first quarter. Robeco Schweiz AG now owns 1,300,000 shares of the semiconductor company's stock valued at $112,957,000 after purchasing an additional 120,000 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 of the company's stock, valued at approximately $41,324,136.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Yoon Ah Oh sold 2,685 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $173.96, for a total transaction of $467,082.60. Following the completion of the sale, the vice president now owns 16,598 shares of the company's stock, valued at approximately $2,887,388.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael P. Plisinski sold 40,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 235,492 shares of the company's stock, valued at approximately $41,324,136.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,170 shares of company stock valued at $8,266,955. 0.81% of the stock is currently owned by company insiders.

Onto Innovation Price Performance

NYSE ONTO traded down $7.25 during trading hours on Friday, reaching $184.10. The company's stock had a trading volume of 346,912 shares, compared to its average volume of 413,783. The firm has a fifty day simple moving average of $179.91 and a 200-day simple moving average of $153.11. The stock has a market cap of $9.04 billion, a P/E ratio of 77.78 and a beta of 1.40. 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 issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.07. The business had revenue of $219.00 million during the quarter, compared to analyst estimates of $209.06 million. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The firm's quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the business earned $1.57 EPS. On average, research analysts expect that Onto Innovation Inc. will post 4.7 earnings per share for the current 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.