Franklin Resources Inc. Has $258.88 Million Holdings in Onto Innovation Inc. (NYSE:ONTO)

Franklin Resources Inc. raised its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,553,271 shares of the semiconductor company's stock after acquiring an additional 271,470 shares during the period. Franklin Resources Inc. owned 3.14% of Onto Innovation worth $258,883,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Onto Innovation by 22.8% in the fourth quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company's stock valued at $66,000 after purchasing an additional 74 shares during the period. Bridge City Capital LLC lifted 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 period. CIBC Asset Management Inc boosted its stake in 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 in the last quarter. Hunter Perkins Capital Management LLC boosted its stake in 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 in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its position in shares of Onto Innovation by 9.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 1,150 shares of the semiconductor company's stock valued at $191,000 after purchasing an additional 100 shares during the period. 98.35% of the stock is owned by institutional investors.

Onto Innovation Stock Performance

Shares of ONTO traded down $5.20 during trading hours on Friday, hitting $104.63. 1,760,069 shares of the company were exchanged, compared to its average volume of 751,082. The firm's 50 day moving average is $154.44 and its 200-day moving average is $176.13. Onto Innovation Inc. has a 52 week low of $98.21 and a 52 week high of $238.93. The company has a market cap of $5.16 billion, a PE ratio of 25.77, a PEG ratio of 0.89 and a beta of 1.46.

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 return on equity of 14.24% and a net margin of 20.43%. As a group, equities analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ONTO shares. Benchmark reaffirmed a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Jefferies Financial Group reduced their price objective on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Needham & Company LLC reissued a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Oppenheimer decreased their target price on Onto Innovation from $275.00 to $240.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $231.88.

Insider Buying and Selling

In other news, SVP Srinivas Vedula sold 827 shares of the 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the business's 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 transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at $43,139,343.48. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock worth $18,182,185 in the last quarter. 0.72% of the stock is currently owned by company insiders.

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.