Onto Innovation Inc. (NYSE:ONTO) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,152 shares of the semiconductor company's stock after purchasing an additional 70,962 shares during the quarter. Barclays PLC owned 0.58% of Onto Innovation worth $48,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ONTO. Kestra Investment Management LLC purchased a new position in Onto Innovation during the fourth quarter worth $26,000. Mather Group LLC. boosted its stake in shares of Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 111 shares during the period. Versant Capital Management Inc grew its holdings in Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 197 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Onto Innovation in the 4th quarter worth about $43,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Onto Innovation in the fourth quarter worth about $47,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

Shares of NYSE:ONTO traded up $7.29 during trading hours on Wednesday, hitting $121.50. The company's stock had a trading volume of 240,904 shares, compared to its average volume of 791,476. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 0.89 and a beta of 1.46. The firm's fifty day moving average price is $133.60 and its 200 day moving average price is $167.77. Onto Innovation Inc. has a 52 week low of $98.21 and a 52 week high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share 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%. On average, equities research analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. 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. Oppenheimer reduced their target price on Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Benchmark reaffirmed a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $218.13.

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.