Voya Investment Management LLC Has $34.17 Million Holdings in Onto Innovation Inc. (NYSE:ONTO)

Voya Investment Management LLC raised its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 118.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,025 shares of the semiconductor company's stock after acquiring an additional 111,315 shares during the period. Voya Investment Management LLC owned approximately 0.42% of Onto Innovation worth $34,172,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Onto Innovation in the 4th quarter worth $26,000. Mather Group LLC. boosted its stake in Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 197 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Onto Innovation during the 4th quarter valued at about $43,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Onto Innovation during the 4th quarter valued at about $47,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

Shares of NYSE ONTO traded up $1.44 during trading on Thursday, reaching $123.41. The stock had a trading volume of 314,356 shares, compared to its average volume of 800,920. The stock has a market cap of $6.03 billion, a PE ratio of 30.43, a P/E/G ratio of 0.89 and a beta of 1.46. The firm's 50 day moving average price is $127.90 and its two-hundred day moving average price is $164.44. Onto Innovation Inc. has a one year low of $98.21 and a one year high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, beating 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%. On average, research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on ONTO shares. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, February 7th. Jefferies Financial Group decreased their price objective on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Oppenheimer reduced their price target on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus reduced 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. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price objective on shares of Onto Innovation in a research note 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.