Onto Innovation Inc. $ONTO Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 1,144.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,315 shares of the semiconductor company’s stock after acquiring an additional 62,824 shares during the quarter. SG Americas Securities LLC owned about 0.14% of Onto Innovation worth $14,009,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its holdings in Onto Innovation by 20.6% in the fourth quarter. Parallel Advisors LLC now owns 339 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 58 shares during the period. Root Financial Partners LLC boosted its holdings in shares of Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 74 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Onto Innovation by 8.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock valued at $186,000 after purchasing an additional 92 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in shares of Onto Innovation by 188.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 115 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Onto Innovation by 44.5% during the 4th quarter. Blue Trust Inc. now owns 406 shares of the semiconductor company’s stock valued at $64,000 after buying an additional 125 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Price Performance

NYSE:ONTO opened at $323.79 on Friday. The business’s 50-day moving average is $288.60 and its two-hundred day moving average is $230.53. The firm has a market capitalization of $16.11 billion, a PE ratio of 151.30, a price-to-earnings-growth ratio of 1.41 and a beta of 1.62. Onto Innovation Inc. has a 12 month low of $89.40 and a 12 month high of $353.18.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The company 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 company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. Equities analysts anticipate that Onto Innovation Inc. will post 7.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ONTO. Cantor Fitzgerald increased their target price on Onto Innovation from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 6th. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley started coverage on Onto Innovation in a report on Sunday, June 14th. They issued an “overweight” rating and a $371.00 price objective on the stock. Stifel Nicolaus set a $350.00 price objective on Onto Innovation and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Zacks Research cut Onto Innovation from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Onto Innovation currently has an average rating of “Moderate Buy” and a consensus price target of $328.60.

Onto Innovation 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.