Onto Innovation Inc. (NYSE:ONTO) Shares Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 413.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,807 shares of the semiconductor company's stock after buying an additional 7,897 shares during the period. Landscape Capital Management L.L.C.'s holdings in Onto Innovation were worth $1,635,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Onto Innovation by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,166,137 shares of the semiconductor company's stock valued at $861,040,000 after acquiring an additional 76,233 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Onto Innovation by 9.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,192,238 shares of the semiconductor company's stock worth $365,380,000 after buying an additional 183,839 shares during the last quarter. Franklin Resources Inc. lifted its position in Onto Innovation by 21.2% during the fourth quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company's stock worth $258,883,000 after acquiring an additional 271,470 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in Onto Innovation by 41.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company's stock valued at $252,530,000 after buying an additional 444,860 shares in the last quarter. Finally, State Street Corp increased its position in Onto Innovation by 2.8% during the third quarter. State Street Corp now owns 1,469,969 shares of the semiconductor company's stock worth $305,107,000 after acquiring an additional 39,367 shares during the period. Institutional investors own 98.35% of the company's stock.

Insider Buying and Selling

In other 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 completion of the transaction, the senior vice president now directly owns 15,223 shares in the company, 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 can be accessed through the SEC website. Also, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction that occurred 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 owns 215,492 shares in the company, valued at $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. In the last ninety days, insiders sold 85,827 shares of company stock valued at $18,182,185. Company insiders own 0.72% of the company's stock.

Onto Innovation Trading Down 12.5 %

Shares of ONTO traded down $16.64 on Thursday, reaching $116.73. 728,572 shares of the company's stock traded hands, compared to its average volume of 774,148. The stock has a market cap of $5.75 billion, a PE ratio of 29.03, a PEG ratio of 0.89 and a beta of 1.46. Onto Innovation Inc. has a 52-week low of $98.21 and a 52-week high of $238.93. The stock's 50 day simple moving average is $146.83 and its two-hundred day simple moving average is $173.50.

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, 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%. Analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on ONTO shares. Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. Jefferies Financial Group lowered 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. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. Stifel Nicolaus set a $200.00 price target on shares of Onto Innovation and gave the company a "buy" rating in a research report on Friday, March 28th. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $231.88.

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.