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Onto Innovation Inc. (NYSE:ONTO) Shares Purchased by Cerity Partners LLC

Onto Innovation logo with Computer and Technology background

Cerity Partners LLC boosted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 287.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,663 shares of the semiconductor company's stock after acquiring an additional 3,458 shares during the quarter. Cerity Partners LLC's holdings in Onto Innovation were worth $968,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. boosted its holdings in shares of Onto Innovation by 38.1% in the third quarter. Congress Asset Management Co. now owns 1,072,796 shares of the semiconductor company's stock valued at $222,670,000 after purchasing an additional 295,869 shares during the period. Geneva Capital Management LLC grew its position in shares of Onto Innovation by 2.6% during the 3rd quarter. Geneva Capital Management LLC now owns 939,641 shares of the semiconductor company's stock worth $195,032,000 after buying an additional 23,628 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Onto Innovation by 28.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 856,780 shares of the semiconductor company's stock valued at $188,115,000 after buying an additional 189,769 shares during the period. Driehaus Capital Management LLC lifted its stake in Onto Innovation by 2.0% in the second quarter. Driehaus Capital Management LLC now owns 535,769 shares of the semiconductor company's stock worth $117,633,000 after acquiring an additional 10,328 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Onto Innovation by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 522,629 shares of the semiconductor company's stock worth $114,748,000 after acquiring an additional 26,563 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Onto Innovation Trading Down 3.0 %

Shares of NYSE:ONTO traded down $5.14 on Thursday, hitting $164.99. 935,313 shares of the company were exchanged, compared to its average volume of 597,711. The firm has a market capitalization of $8.15 billion, a P/E ratio of 44.71, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30. Onto Innovation Inc. has a 1-year low of $134.11 and a 1-year high of $238.93. The stock's 50 day moving average price is $188.06 and its 200 day moving average price is $201.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.03. Onto Innovation had a return on equity of 13.38% and a net margin of 19.44%. The firm had revenue of $252.20 million during the quarter, compared to analysts' expectations of $250.85 million. During the same period last year, the business posted $0.96 earnings per share. The company's revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities analysts predict that Onto Innovation Inc. will post 5.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

View Our Latest Report on ONTO

Onto Innovation Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Onto Innovation (NYSE:ONTO)

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