J. Safra Sarasin Holding AG Reduces Stock Position in Onto Innovation Inc. (NYSE:ONTO)

J. Safra Sarasin Holding AG lessened its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 34.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,111 shares of the semiconductor company's stock after selling 53,461 shares during the period. J. Safra Sarasin Holding AG owned about 0.20% of Onto Innovation worth $16,686,000 at the end of the most recent quarter.

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

Onto Innovation Stock Down 0.2 %

Shares of Onto Innovation stock traded down $0.21 on Friday, hitting $125.50. The stock had a trading volume of 550,585 shares, compared to its average volume of 798,714. The business's 50 day moving average is $130.48 and its two-hundred day moving average is $166.30. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. Onto Innovation Inc. has a twelve month low of $98.21 and a twelve month high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share 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%. As a group, equities analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ONTO shares. Oppenheimer cut their price objective on Onto Innovation from $240.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Stifel Nicolaus decreased their price objective on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $218.13.

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.