Hillsdale Investment Management Inc. Acquires Shares of 4,500 Onto Innovation Inc. (NYSE:ONTO)

Hillsdale Investment Management Inc. purchased a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,500 shares of the semiconductor company's stock, valued at approximately $750,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kestra Investment Management LLC acquired a new stake in shares of Onto Innovation in the 4th quarter valued at $26,000. Mather Group LLC. raised its stake in 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 acquiring an additional 111 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Onto Innovation by 532.4% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 197 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Onto Innovation in the 4th quarter valued at approximately $43,000. Finally, Berbice Capital Management LLC acquired a new position in Onto Innovation during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 98.35% of the company's stock.

Insider Activity at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the transaction, the senior vice president now owns 15,223 shares in the company, valued at $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,827 shares of company stock worth $18,182,185 over the last quarter. Company insiders own 0.72% of the company's stock.

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Onto Innovation Price Performance

Shares of Onto Innovation stock traded down $4.47 during midday trading on Thursday, reaching $128.61. The company had a trading volume of 848,143 shares, compared to its average volume of 699,443. The stock has a fifty day moving average price of $168.16 and a 200 day moving average price of $179.59. Onto Innovation Inc. has a fifty-two week low of $121.47 and a fifty-two week high of $238.93. The firm has a market cap of $6.34 billion, a PE ratio of 31.68, a P/E/G ratio of 0.89 and a beta of 1.29.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ONTO. Needham & Company LLC reaffirmed a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Oppenheimer lowered their price objective on Onto Innovation from $275.00 to $240.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Benchmark reiterated a "buy" rating and set 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 issued a buy rating to the stock. According to MarketBeat, Onto Innovation currently has a consensus rating of "Moderate Buy" and a consensus 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.