Hantz Financial Services Inc. Sells 14,268 Shares of Onto Innovation Inc. (NYSE:ONTO)

Hantz Financial Services Inc. lowered its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,851 shares of the semiconductor company's stock after selling 14,268 shares during the quarter. Hantz Financial Services Inc. owned approximately 0.07% of Onto Innovation worth $5,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of Montreal Can lifted its stake in shares of Onto Innovation by 10.4% in the 2nd quarter. Bank of Montreal Can now owns 6,823 shares of the semiconductor company's stock worth $1,507,000 after acquiring an additional 640 shares during the period. AQR Capital Management LLC raised its position in Onto Innovation by 47.9% in the second quarter. AQR Capital Management LLC now owns 15,285 shares of the semiconductor company's stock worth $3,356,000 after acquiring an additional 4,947 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Onto Innovation by 21.4% in the second quarter. Mackenzie Financial Corp now owns 3,092 shares of the semiconductor company's stock valued at $679,000 after acquiring an additional 544 shares during the period. Algert Global LLC grew its stake in shares of Onto Innovation by 193.0% during the 2nd quarter. Algert Global LLC now owns 5,978 shares of the semiconductor company's stock worth $1,313,000 after purchasing an additional 3,938 shares during the period. Finally, Creative Planning boosted its holdings in Onto Innovation by 32.4% during the second quarter. Creative Planning now owns 27,726 shares of the semiconductor company's stock worth $6,088,000 after buying an additional 6,779 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

Shares of ONTO traded up $10.29 during trading hours on Thursday, hitting $202.10. The stock had a trading volume of 367,219 shares, compared to its average volume of 858,904. The company's fifty day simple moving average is $180.57 and its 200 day simple moving average is $190.62. The firm has a market cap of $9.98 billion, a P/E ratio of 54.80, a P/E/G ratio of 1.16 and a beta of 1.29. Onto Innovation Inc. has a 12-month low of $145.15 and a 12-month high of $238.93.

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

Insider Buying and Selling

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the transaction, the senior vice president now directly owns 15,223 shares in the company, valued at $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael P. Plisinski sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the completion of the transaction, the chief executive officer now directly owns 150,492 shares of the company's stock, valued at $32,986,341.48. This represents a 18.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,827 shares of company stock worth $18,182,185. Corporate insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several recent research reports. Oppenheimer reaffirmed an "outperform" rating and issued a $275.00 price target on shares of Onto Innovation in a report on Tuesday, December 17th. Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a report on Friday, November 1st. Cantor Fitzgerald initiated coverage on Onto Innovation in a report on Monday, January 13th. They issued an "overweight" rating and a $250.00 price target for the company. Needham & Company LLC dropped their price objective on Onto Innovation from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Jefferies Financial Group reduced their target price on shares of Onto Innovation from $265.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $253.75.

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.