Onto Innovation Inc. (NYSE:ONTO) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its stake in Onto Innovation Inc. (NYSE:ONTO) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,150 shares of the semiconductor company’s stock after purchasing an additional 100 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Onto Innovation were worth $191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kestra Investment Management LLC purchased a new stake in shares of Onto Innovation in the 4th quarter valued at approximately $26,000. Mather Group LLC. grew its stake in shares of Onto Innovation by 209.4% during the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 111 shares in the last quarter. Versant Capital Management Inc increased its holdings in Onto Innovation by 532.4% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 197 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Onto Innovation in the fourth quarter valued at $43,000. Finally, Berbice Capital Management LLC acquired a new stake in Onto Innovation in the fourth quarter valued at $50,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Price Performance

Shares of Onto Innovation stock opened at $135.73 on Friday. The firm’s fifty day simple moving average is $171.89 and its 200-day simple moving average is $180.58. Onto Innovation Inc. has a 12 month low of $121.47 and a 12 month high of $238.93. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 0.89 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 EPS 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%. Analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $219.19, for a total value of $7,671,650.00. Following the transaction, the chief executive officer now directly owns 150,492 shares of the company’s stock, valued at approximately $32,986,341.48. The trade was a 18.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the sale, the senior vice president now owns 15,223 shares of the company’s stock, valued at $3,120,715. This trade represents a 5.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,827 shares of company stock valued at $18,182,185 in the last ninety days. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Stifel Nicolaus lowered their target price on shares of Onto Innovation from $270.00 to $250.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and an average price target of $246.88.

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.