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

Barclays PLC increased its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 1,296.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 217,190 shares of the semiconductor company's stock after purchasing an additional 201,640 shares during the quarter. Barclays PLC owned 0.44% of Onto Innovation worth $45,079,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ONTO. Quarry LP raised its stake in shares of Onto Innovation by 232.4% during the 2nd quarter. Quarry LP now owns 113 shares of the semiconductor company's stock worth $25,000 after buying an additional 79 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Onto Innovation by 675.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 124 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 108 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of Onto Innovation by 58.1% in the second quarter. LGT Financial Advisors LLC now owns 245 shares of the semiconductor company's stock valued at $54,000 after purchasing an additional 90 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Onto Innovation by 40.2% in the second quarter. Fifth Third Bancorp now owns 293 shares of the semiconductor company's stock valued at $64,000 after purchasing an additional 84 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of Onto Innovation during the 3rd quarter worth approximately $65,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ONTO. Needham & Company LLC lowered their target price on Onto Innovation from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Oppenheimer upped their price objective on Onto Innovation from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Jefferies Financial Group dropped their price objective on Onto Innovation from $265.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Benchmark restated a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Onto Innovation currently has an average rating of "Moderate Buy" and a consensus target price of $254.29.

Onto Innovation Trading Up 0.4 %

Shares of NYSE ONTO traded up $0.73 on Friday, reaching $167.18. 511,850 shares of the company traded hands, compared to its average volume of 596,132. The company has a 50 day moving average of $183.97 and a 200 day moving average of $199.28. Onto Innovation Inc. has a fifty-two week low of $134.11 and a fifty-two week high of $238.93. The stock has a market capitalization of $8.26 billion, a PE ratio of 45.38, a P/E/G ratio of 1.07 and a beta of 1.30.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.03. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. The company had revenue of $252.20 million for the quarter, compared to the consensus estimate of $250.85 million. Onto Innovation's revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. As a group, research analysts expect that Onto Innovation Inc. will post 5.22 earnings per share for the current year.

About Onto Innovation

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.