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

Cerity Partners LLC decreased its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 64.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,659 shares of the semiconductor company's stock after selling 3,004 shares during the quarter. Cerity Partners LLC's holdings in Onto Innovation were worth $277,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of 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 buying an additional 74 shares during the period. Bridge City Capital LLC boosted its position in Onto Innovation by 1.0% in the fourth quarter. Bridge City Capital LLC now owns 8,165 shares of the semiconductor company's stock worth $1,361,000 after purchasing an additional 78 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Onto Innovation by 5.6% during the 4th 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 during the period. Hunter Perkins Capital Management LLC increased its position in shares of Onto Innovation by 3.9% during the 4th 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. Finally, Northwest & Ethical Investments L.P. lifted its stake in shares of Onto Innovation by 9.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 1,150 shares of the semiconductor company's stock worth $191,000 after purchasing an additional 100 shares during the period. Institutional investors own 98.35% of the company's stock.

Onto Innovation Price Performance

ONTO traded down $0.21 on Friday, reaching $125.50. 550,585 shares of the stock were exchanged, compared to its average volume of 800,320. The company's 50-day moving average price is $130.48 and its 200 day moving average price is $165.99. The firm has a market capitalization of $6.13 billion, a PE ratio of 30.91, a PEG ratio of 0.89 and a beta of 1.46. Onto Innovation Inc. has a fifty-two week low of $98.21 and a fifty-two week high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last released 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 net margin of 20.43% and a return on equity of 14.24%. As a group, equities analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Oppenheimer reduced their price target on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group dropped their price objective on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.