4D Advisors LLC Has $4.74 Million Stock Position in Onto Innovation Inc. $ONTO

4D Advisors LLC lowered its holdings in Onto Innovation Inc. (NYSE:ONTO) by 57.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the semiconductor company’s stock after selling 40,000 shares during the quarter. Onto Innovation accounts for about 2.6% of 4D Advisors LLC’s investment portfolio, making the stock its 14th largest position. 4D Advisors LLC’s holdings in Onto Innovation were worth $4,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ONTO. Wellington Management Group LLP grew its holdings in Onto Innovation by 1,217.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after buying an additional 1,292,772 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Onto Innovation by 80.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock valued at $256,083,000 after buying an additional 882,901 shares in the last quarter. Norges Bank acquired a new stake in Onto Innovation in the 4th quarter valued at $104,938,000. Jennison Associates LLC boosted its stake in Onto Innovation by 1,293.5% in the 4th quarter. Jennison Associates LLC now owns 680,822 shares of the semiconductor company’s stock valued at $107,475,000 after buying an additional 631,965 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Onto Innovation by 315.8% in the 4th quarter. AQR Capital Management LLC now owns 615,651 shares of the semiconductor company’s stock valued at $97,187,000 after buying an additional 467,587 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Ratings Changes

ONTO has been the topic of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Onto Innovation in a research note on Monday, June 1st. Cantor Fitzgerald boosted their price target on Onto Innovation from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, April 6th. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, April 27th. B. Riley Financial boosted their price target on Onto Innovation from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Evercore reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Onto Innovation in a research note on Friday, April 17th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.60.

Onto Innovation Stock Up 1.0%

Shares of ONTO opened at $319.19 on Thursday. The stock’s fifty day simple moving average is $276.96 and its 200-day simple moving average is $222.27. The firm has a market capitalization of $15.88 billion, a PE ratio of 149.16, a price-to-earnings-growth ratio of 1.29 and a beta of 1.62. Onto Innovation Inc. has a 12-month low of $89.40 and a 12-month high of $348.76.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The business had revenue of $291.95 million during the quarter, compared to the consensus estimate of $292.00 million. Onto Innovation had a return on equity of 11.68% and a net margin of 10.32%.The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 earnings per share. Analysts anticipate that Onto Innovation Inc. will post 7.14 EPS for the current year.

Onto Innovation Company Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.