Dynamic Technology Lab Private Ltd Takes $657,000 Position in Onto Innovation Inc. (NYSE:ONTO)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,940 shares of the semiconductor company's stock, valued at approximately $657,000.

Other hedge funds have also bought and sold shares of the company. Landscape Capital Management L.L.C. boosted its holdings in Onto Innovation by 413.5% during the 4th quarter. Landscape Capital Management L.L.C. now owns 9,807 shares of the semiconductor company's stock valued at $1,635,000 after acquiring an additional 7,897 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Onto Innovation during the fourth quarter valued at $3,757,000. Nicolet Advisory Services LLC boosted its stake in shares of Onto Innovation by 12.4% during the fourth quarter. Nicolet Advisory Services LLC now owns 2,520 shares of the semiconductor company's stock valued at $420,000 after purchasing an additional 278 shares during the period. Cynosure Group LLC bought a new position in shares of Onto Innovation in the fourth quarter worth about $298,000. Finally, Huntington National Bank lifted its holdings in Onto Innovation by 73.0% during the 4th quarter. Huntington National Bank now owns 732 shares of the semiconductor company's stock valued at $122,000 after buying an additional 309 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Wall Street Analyst Weigh In

ONTO has been the topic of a number of research reports. Jefferies Financial Group reduced their target price on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC restated a "buy" rating and set a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Stifel Nicolaus set a $200.00 price objective on shares of Onto Innovation and gave the stock a "buy" rating in a research note on Friday, March 28th. StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Onto Innovation currently has an average rating of "Moderate Buy" and an average target price of $220.63.

Insider Transactions at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the company's stock in a transaction that occurred 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 owns 15,223 shares in the company, valued at approximately $3,120,715. This represents a 5.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the completion of the transaction, the chief executive officer now owns 215,492 shares of the company's stock, valued at approximately $43,139,343.48. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,827 shares of company stock worth $18,182,185 over the last three months. 0.72% of the stock is currently owned by insiders.

Onto Innovation Stock Performance

ONTO traded up $2.37 during trading on Friday, hitting $120.40. The stock had a trading volume of 917,314 shares, compared to its average volume of 786,545. The stock has a 50 day simple moving average of $143.57 and a two-hundred day simple moving average of $171.99. Onto Innovation Inc. has a twelve month low of $98.21 and a twelve month high of $238.93. The company has a market capitalization of $5.93 billion, a PE ratio of 29.65, a PEG ratio of 0.89 and a beta of 1.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. On average, equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Onto Innovation 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.