Diversified Trust Co Takes Position in Onto Innovation Inc. $ONTO

Diversified Trust Co acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,139 shares of the semiconductor company’s stock, valued at approximately $644,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC grew its holdings in shares of Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after buying an additional 74 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Onto Innovation by 109.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Onto Innovation in the fourth quarter valued at $39,000. Finally, Danske Bank A S acquired a new stake in Onto Innovation in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

ONTO has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price objective on shares of Onto Innovation in a research note on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $315.00 price objective on shares of Onto Innovation in a research report on Friday, April 17th. Zacks Research lowered shares of Onto Innovation from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Oppenheimer lifted their price target on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation currently has an average rating of “Moderate Buy” and an average price target of $328.60.

Onto Innovation Stock Up 1.3%

Shares of ONTO stock opened at $320.07 on Thursday. Onto Innovation Inc. has a 12-month low of $89.40 and a 12-month high of $349.38. The company has a market capitalization of $15.92 billion, a PE ratio of 149.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.62. The firm has a 50 day moving average price of $285.65 and a two-hundred day moving average price of $228.56.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The company had revenue of $291.95 million for the quarter, compared to analyst estimates of $292.00 million. Onto Innovation had a return on equity of 11.68% and a net margin of 10.32%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 earnings per share. As a group, research analysts expect 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.