14,440 Shares in Onto Innovation Inc. (NYSE:ONTO) Bought by Katamaran Capital LLP

Katamaran Capital LLP bought a new stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,440 shares of the semiconductor company's stock, valued at approximately $2,407,000. Onto Innovation makes up approximately 3.1% of Katamaran Capital LLP's investment portfolio, making the stock its 14th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in shares of Onto Innovation by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company's stock valued at $2,680,000 after buying an additional 225 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Onto Innovation by 1.6% during the third quarter. Geode Capital Management LLC now owns 834,345 shares of the semiconductor company's stock valued at $173,401,000 after purchasing an additional 13,405 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 228,800 shares during the period. HighTower Advisors LLC raised its holdings 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 worth $2,095,000 after buying an additional 4,263 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of 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 buying an additional 201,640 shares during the period. 98.35% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Michael P. Plisinski sold 20,000 shares of Onto Innovation 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 completion of the sale, the chief executive officer now directly owns 215,492 shares of the company's stock, valued at $43,139,343.48. The trade was a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Srinivas Vedula sold 827 shares of the 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. The trade was a 5.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is currently owned by insiders.

Onto Innovation Stock Down 12.6 %

NYSE:ONTO traded down $16.84 during trading hours on Thursday, hitting $116.53. 895,719 shares of the stock were exchanged, compared to its average volume of 774,685. The company has a market capitalization of $5.74 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The company's 50 day moving average is $146.83 and its two-hundred day moving average is $173.50. Onto Innovation Inc. has a twelve month low of $98.21 and a twelve month high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Upgrades and Downgrades

ONTO has been the subject of several recent analyst reports. Oppenheimer dropped 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 reissued a "buy" rating and set a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 target price on shares of Onto Innovation in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Onto Innovation presently has an average rating of "Moderate Buy" and a consensus target price of $231.88.

About Onto Innovation

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.