Stifel Financial Corp Buys 3,740 Shares of Onto Innovation Inc. (NYSE:ONTO)

Stifel Financial Corp raised its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,586 shares of the semiconductor company's stock after purchasing an additional 3,740 shares during the period. Stifel Financial Corp's holdings in Onto Innovation were worth $3,431,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ONTO. Commonwealth Equity Services LLC grew its stake in Onto Innovation by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company's stock valued at $2,680,000 after buying an additional 225 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Onto Innovation by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company's stock valued at $416,863,000 after purchasing an additional 228,800 shares during the last quarter. Barclays PLC increased its stake in shares of Onto Innovation by 1,296.7% during the third quarter. Barclays PLC now owns 217,190 shares of the semiconductor company's stock worth $45,079,000 after purchasing an additional 201,640 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in Onto Innovation by 40.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 140,455 shares of the semiconductor company's stock valued at $23,410,000 after purchasing an additional 40,290 shares during the period. Finally, Argent Capital Management LLC acquired a new position in Onto Innovation in the 4th quarter valued at $437,000. 98.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ONTO. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Oppenheimer decreased their target price on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus dropped their price target on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Jefferies Financial Group reduced their price target on Onto Innovation from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.13.

Onto Innovation Stock Up 5.1 %

Onto Innovation stock opened at $126.89 on Friday. The stock has a market cap of $6.20 billion, a PE ratio of 31.25, a P/E/G ratio of 0.89 and a beta of 1.46. Onto Innovation Inc. has a 12-month low of $98.21 and a 12-month high of $238.93. The business's 50-day moving average price is $126.68 and its two-hundred day moving average price is $163.19.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current 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.

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