Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lessened its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,136 shares of the semiconductor company's stock after selling 1,431 shares during the quarter. Braun Stacey Associates Inc. owned about 0.22% of Onto Innovation worth $18,190,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Onto Innovation by 22.8% during the fourth quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company's stock worth $66,000 after buying an additional 74 shares during the period. Northwest & Ethical Investments L.P. increased its stake in shares of Onto Innovation by 7.8% during the third quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company's stock worth $218,000 after buying an additional 76 shares during the period. CIBC Asset Management Inc increased its stake in shares of Onto Innovation by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company's stock worth $256,000 after buying an additional 81 shares during the period. Huntington National Bank increased its stake in shares of Onto Innovation by 26.3% during the third quarter. Huntington National Bank now owns 423 shares of the semiconductor company's stock worth $88,000 after buying an additional 88 shares during the period. Finally, Hunter Perkins Capital Management LLC increased its stake in shares of Onto Innovation by 3.9% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company's stock worth $403,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 98.35% of the company's stock.

Onto Innovation Stock Down 4.7 %

Onto Innovation stock traded down $7.92 during mid-day trading on Friday, hitting $159.23. The company had a trading volume of 1,021,139 shares, compared to its average volume of 981,367. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 0.90 and a beta of 1.31. The business has a fifty day moving average of $187.06 and a 200 day moving average of $189.46. Onto Innovation Inc. has a 1 year low of $145.15 and a 1 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. Equities analysts anticipate that Onto Innovation Inc. will post 6.32 earnings per share for the current year.

Insider Transactions at Onto Innovation

In related news, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the completion of the sale, the chief executive officer now directly owns 215,492 shares of the company's stock, valued at $43,139,343.48. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Srinivas Vedula sold 827 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 15,223 shares of the company's stock, valued at approximately $3,120,715. This represents a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,827 shares of company stock worth $18,182,185. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ONTO. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Stifel Nicolaus cut their target price on shares of Onto Innovation from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Jefferies Financial Group dropped their price target on shares of Onto Innovation from $265.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, Benchmark reiterated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $246.88.

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.