Fox Run Management L.L.C. Grows Stock Position in Onto Innovation Inc. (NYSE:ONTO)

Fox Run Management L.L.C. boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 108.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,766 shares of the semiconductor company's stock after acquiring an additional 4,558 shares during the period. Fox Run Management L.L.C.'s holdings in Onto Innovation were worth $1,461,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in Onto Innovation by 287.0% in the third quarter. Cerity Partners LLC now owns 4,663 shares of the semiconductor company's stock valued at $968,000 after purchasing an additional 3,458 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Onto Innovation by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 834,345 shares of the semiconductor company's stock worth $173,401,000 after buying an additional 13,405 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Onto Innovation by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company's stock valued at $416,863,000 after buying an additional 228,800 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Onto Innovation by 72.0% in the 3rd quarter. HighTower Advisors LLC now owns 10,184 shares of the semiconductor company's stock valued at $2,095,000 after buying an additional 4,263 shares during the last quarter. Finally, Barclays PLC raised its stake in Onto Innovation by 1,296.7% during the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company's stock worth $45,079,000 after acquiring an additional 201,640 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts have issued reports on ONTO shares. StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Cantor Fitzgerald restated an "overweight" rating and set a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Oppenheimer reduced their price objective on Onto Innovation from $275.00 to $240.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Benchmark restated a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Finally, Stifel Nicolaus reduced their price target on shares of Onto Innovation from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Onto Innovation presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.88.

Insider Transactions at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 trade represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael P. Plisinski sold 20,000 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total value of $4,003,800.00. Following the sale, the chief executive officer now owns 215,492 shares of the company's stock, valued at approximately $43,139,343.48. The trade was 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 valued at $18,182,185 in the last ninety days. Corporate insiders own 0.72% of the company's stock.

Onto Innovation Price Performance

Shares of NYSE ONTO traded down $2.58 during trading on Tuesday, hitting $138.34. 229,299 shares of the company were exchanged, compared to its average volume of 695,945. Onto Innovation Inc. has a 1 year low of $121.47 and a 1 year high of $238.93. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 0.89 and a beta of 1.29. The firm's fifty day moving average price is $170.88 and its 200 day moving average price is $180.19.

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