Onto Innovation Inc. (NYSE:ONTO) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 457.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,568 shares of the semiconductor company's stock after acquiring an additional 8,673 shares during the quarter. Tower Research Capital LLC TRC's holdings in Onto Innovation were worth $1,761,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ONTO. Kestra Investment Management LLC purchased a new stake in shares of Onto Innovation during the 4th quarter valued at about $26,000. Mather Group LLC. lifted its stake in shares of Onto Innovation by 209.4% in the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Onto Innovation by 532.4% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 197 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Onto Innovation during the 4th quarter valued at approximately $43,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Onto Innovation during the 4th quarter valued at $47,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Trading Down 2.4 %

Shares of ONTO traded down $3.08 during trading hours on Monday, hitting $122.52. The company had a trading volume of 143,205 shares, compared to its average volume of 1,040,857. The company has a market capitalization of $5.98 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. Onto Innovation Inc. has a one year low of $98.21 and a one year high of $238.93. The company's fifty day moving average price is $130.48 and its two-hundred day moving average price is $165.69.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. Analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analyst Ratings Changes

ONTO has been the subject of several analyst reports. StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Jefferies Financial Group decreased their price target on Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Stifel Nicolaus cut their price objective on Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company 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.