Onto Innovation Inc. (NYSE:ONTO) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 153.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,516 shares of the semiconductor company’s stock after buying an additional 8,792 shares during the quarter. Raymond James & Associates’ holdings in Onto Innovation were worth $2,219,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its holdings in Onto Innovation by 3.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,554 shares of the semiconductor company’s stock valued at $326,000 after buying an additional 84 shares during the last quarter. Huntington National Bank grew its holdings in Onto Innovation by 70.3% during the 3rd quarter. Huntington National Bank now owns 247 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 102 shares during the last quarter. Stifel Financial Corp grew its holdings in Onto Innovation by 0.7% during the 2nd quarter. Stifel Financial Corp now owns 16,822 shares of the semiconductor company’s stock valued at $1,959,000 after buying an additional 115 shares during the last quarter. Juncture Wealth Strategies LLC boosted its holdings in shares of Onto Innovation by 1.4% during the fourth quarter. Juncture Wealth Strategies LLC now owns 9,494 shares of the semiconductor company’s stock worth $1,452,000 after purchasing an additional 132 shares during the last quarter. Finally, IMA Wealth Inc. boosted its holdings in shares of Onto Innovation by 0.5% during the second quarter. IMA Wealth Inc. now owns 27,868 shares of the semiconductor company’s stock worth $3,246,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, VP Yoon Ah Oh sold 2,685 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.96, for a total value of $467,082.60. Following the transaction, the vice president now directly owns 16,598 shares of the company’s stock, valued at $2,887,388.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David Brian Miller sold 2,800 shares of Onto Innovation stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $170.49, for a total transaction of $477,372.00. Following the sale, the director now directly owns 9,008 shares of the company’s stock, valued at $1,535,773.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Yoon Ah Oh sold 2,685 shares of Onto Innovation stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.96, for a total value of $467,082.60. Following the sale, the vice president now directly owns 16,598 shares in the company, valued at $2,887,388.08. The disclosure for this sale can be found here. Insiders have sold 47,170 shares of company stock valued at $8,266,955 over the last three months. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. B. Riley raised their price objective on Onto Innovation from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 9th. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Benchmark raised their price objective on Onto Innovation from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Evercore ISI initiated coverage on Onto Innovation in a report on Tuesday. They set an “outperform” rating and a $235.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on Onto Innovation from $188.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.60.

Onto Innovation Trading Up 3.6 %

Shares of ONTO opened at $189.73 on Wednesday. The firm has a market capitalization of $9.32 billion, a P/E ratio of 77.13 and a beta of 1.40. The stock’s fifty day simple moving average is $181.29 and its 200 day simple moving average is $154.74. Onto Innovation Inc. has a twelve month low of $76.40 and a twelve month high of $199.72.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. The company had revenue of $219.00 million for the quarter, compared to analyst estimates of $209.06 million. During the same period last year, the company posted $1.57 earnings per share. The firm’s revenue was down 13.5% compared to the same quarter last year. Sell-side analysts predict that Onto Innovation Inc. will post 4.7 earnings per share for the current 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.