Tudor Investment Corp ET AL Has $10.86 Million Stock Position in Onto Innovation Inc. (NYSE:ONTO)

Tudor Investment Corp ET AL cut its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,167 shares of the semiconductor company's stock after selling 49,032 shares during the quarter. Tudor Investment Corp ET AL owned 0.13% of Onto Innovation worth $10,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ONTO. Johnson Financial Group Inc. bought a new position in shares of Onto Innovation in the 4th quarter valued at about $38,000. Nebula Research & Development LLC grew its stake in Onto Innovation by 27.8% in the fourth quarter. Nebula Research & Development LLC now owns 21,229 shares of the semiconductor company's stock valued at $3,538,000 after purchasing an additional 4,619 shares in the last quarter. Hancock Whitney Corp increased its position in shares of Onto Innovation by 5.3% during the 4th quarter. Hancock Whitney Corp now owns 2,471 shares of the semiconductor company's stock worth $412,000 after purchasing an additional 125 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Onto Innovation by 118.8% during the 4th quarter. Voya Investment Management LLC now owns 205,025 shares of the semiconductor company's stock worth $34,172,000 after purchasing an additional 111,315 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in shares of Onto Innovation by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 16,641 shares of the semiconductor company's stock valued at $2,774,000 after buying an additional 4,979 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $230.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. Finally, Oppenheimer decreased their target price on Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. One research 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.com, Onto Innovation currently has a consensus rating of "Moderate Buy" and an average target price of $218.13.

Onto Innovation Trading Up 5.1 %

NYSE ONTO traded up $6.16 during trading on Friday, reaching $126.89. The company's stock had a trading volume of 1,167,107 shares, compared to its average volume of 806,505. The firm has a 50 day moving average price of $126.68 and a 200 day moving average price of $163.19. Onto Innovation Inc. has a 12 month low of $98.21 and a 12 month high of $238.93. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

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

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.