American Century Companies Inc. Sells 53,335 Shares of Onto Innovation Inc. (NYSE:ONTO)

American Century Companies Inc. decreased its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,613 shares of the semiconductor company's stock after selling 53,335 shares during the period. American Century Companies Inc. owned approximately 0.54% of Onto Innovation worth $44,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Onto Innovation by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company's stock valued at $416,863,000 after buying an additional 228,800 shares during the last quarter. State Street Corp boosted its stake in Onto Innovation by 2.8% during the 3rd quarter. State Street Corp now owns 1,469,969 shares of the semiconductor company's stock valued at $305,107,000 after purchasing an additional 39,367 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Onto Innovation by 4.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,801 shares of the semiconductor company's stock worth $288,320,000 after purchasing an additional 54,868 shares in the last quarter. Geneva Capital Management LLC raised its stake in shares of Onto Innovation by 7.6% in the fourth quarter. Geneva Capital Management LLC now owns 1,010,691 shares of the semiconductor company's stock worth $168,452,000 after purchasing an additional 71,050 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Onto Innovation by 1.6% during the third quarter. Geode Capital Management LLC now owns 834,345 shares of the semiconductor company's stock valued at $173,401,000 after purchasing an additional 13,405 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors.

Remove Ads

Onto Innovation Stock Up 1.4 %

ONTO traded up $1.69 during trading on Tuesday, hitting $123.03. The company's stock had a trading volume of 713,973 shares, compared to its average volume of 739,815. The business's 50 day simple moving average is $160.73 and its 200-day simple moving average is $177.66. The firm has a market cap of $6.06 billion, a PE ratio of 30.30, a P/E/G ratio of 0.89 and a beta of 1.29. Onto Innovation Inc. has a one year low of $116.16 and a one year high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. Equities research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Insider Activity

In other news, SVP Srinivas Vedula sold 827 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the sale, the senior vice president now directly owns 15,223 shares in the company, valued at $3,120,715. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael P. Plisinski sold 35,000 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the completion of the transaction, the chief executive officer now directly owns 150,492 shares of the company's stock, valued at $32,986,341.48. This represents a 18.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,827 shares of company stock valued at $18,182,185 in the last ninety days. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ONTO. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. Stifel Nicolaus set a $200.00 price target on shares of Onto Innovation and gave the stock a "buy" rating in a research note on Friday. Jefferies Financial Group lowered their price objective on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Friday. Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $231.88.

Onto Innovation 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.