Graham Capital Management L.P. Has $372,000 Holdings in Onto Innovation Inc. (NYSE:ONTO)

Graham Capital Management L.P. cut its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 83.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,230 shares of the semiconductor company's stock after selling 11,209 shares during the quarter. Graham Capital Management L.P.'s holdings in Onto Innovation were worth $372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ONTO. UMB Bank n.a. grew its holdings in shares of Onto Innovation by 22.8% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company's stock valued at $66,000 after acquiring an additional 74 shares in the last quarter. Bridge City Capital LLC grew its position in Onto Innovation by 1.0% in the fourth quarter. Bridge City Capital LLC now owns 8,165 shares of the semiconductor company's stock worth $1,361,000 after acquiring an additional 78 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Onto Innovation by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company's stock worth $256,000 after purchasing an additional 81 shares during the last quarter. Hunter Perkins Capital Management LLC increased its stake in shares of Onto Innovation by 3.9% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 90 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of Onto Innovation by 9.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 1,150 shares of the semiconductor company's stock valued at $191,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ONTO. Benchmark cut their target price on Onto Innovation from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus lowered their price objective on Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Oppenheimer lowered their price target on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Needham & Company LLC dropped their price target on shares of Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Onto Innovation has an average rating of "Moderate Buy" and an average price target of $167.86.

Onto Innovation Stock Up 1.5%

Shares of ONTO stock traded up $1.43 during trading hours on Thursday, reaching $96.05. 174,885 shares of the company's stock were exchanged, compared to its average volume of 909,179. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $238.93. The stock has a market capitalization of $4.69 billion, a P/E ratio of 23.63, a P/E/G ratio of 0.89 and a beta of 1.55. The business has a fifty day moving average price of $118.57 and a 200-day moving average price of $154.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.04. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. The business had revenue of $267.00 million for the quarter, compared to analyst estimates of $267.03 million. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Onto Innovation's revenue was up 16.5% compared to the same quarter last year. As a group, research analysts expect that Onto Innovation Inc. will post 6.26 EPS 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.