Amundi Lowers Stake in Onto Innovation Inc. (NYSE:ONTO)

Amundi trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 60.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,271 shares of the semiconductor company's stock after selling 179,474 shares during the quarter. Amundi owned approximately 0.24% of Onto Innovation worth $19,379,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in Onto Innovation by 22.8% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company's stock valued at $66,000 after acquiring an additional 74 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of Onto Innovation by 7.8% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company's stock worth $218,000 after purchasing an additional 76 shares during the last quarter. CIBC Asset Management Inc boosted its position in Onto Innovation by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company's stock valued at $256,000 after purchasing an additional 81 shares in the last quarter. Huntington National Bank grew its stake in Onto Innovation by 26.3% in the third quarter. Huntington National Bank now owns 423 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 88 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC grew its stake in Onto Innovation by 3.9% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company's stock valued at $403,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 98.35% of the company's stock.

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Onto Innovation Stock Performance

Shares of NYSE ONTO traded down $0.64 during mid-day trading on Monday, hitting $138.05. The stock had a trading volume of 586,791 shares, compared to its average volume of 690,198. The firm has a market cap of $6.80 billion, a PE ratio of 34.00, a PEG ratio of 0.89 and a beta of 1.29. The company has a 50 day moving average of $177.40 and a two-hundred day moving average of $182.83. Onto Innovation Inc. has a twelve month low of $121.47 and a twelve month high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, beating 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 predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the transaction, the senior vice president now directly owns 15,223 shares in the company, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 35,000 shares of the company'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 completion of the sale, the chief executive officer now owns 150,492 shares in the company, valued at approximately $32,986,341.48. This represents a 18.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ONTO has been the topic of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Oppenheimer decreased their target price on shares of Onto Innovation from $275.00 to $240.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Benchmark reaffirmed a "buy" rating and set a $230.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. Finally, StockNews.com raised Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Onto Innovation currently has a consensus rating of "Moderate Buy" and an average price target of $246.88.

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.