Lecap Asset Management Ltd. Purchases 4,492 Shares of Onto Innovation Inc. (NYSE:ONTO)

Lecap Asset Management Ltd. boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 45.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,301 shares of the semiconductor company's stock after buying an additional 4,492 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Onto Innovation were worth $2,384,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ONTO. Congress Asset Management Co. grew its stake in shares of Onto Innovation by 38.1% in the 3rd quarter. Congress Asset Management Co. now owns 1,072,796 shares of the semiconductor company's stock worth $222,670,000 after purchasing an additional 295,869 shares during the last quarter. Citigroup Inc. grew its position in Onto Innovation by 811.7% in the third quarter. Citigroup Inc. now owns 319,116 shares of the semiconductor company's stock worth $66,236,000 after buying an additional 284,115 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Onto Innovation by 12.9% in the third 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. 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 valued at $45,079,000 after acquiring an additional 201,640 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Onto Innovation during the 3rd quarter worth $30,418,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the sale, the senior vice president now owns 15,223 shares of the company's stock, valued at $3,120,715. This represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Plisinski sold 35,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, January 21st. The shares were 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 in the company, valued at approximately $32,986,341.48. This represents a 18.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,827 shares of company stock worth $18,182,185 over the last ninety days. 0.72% of the stock is currently owned by insiders.

Onto Innovation Stock Down 3.0 %

Shares of Onto Innovation stock traded down $5.58 on Tuesday, hitting $177.70. 437,733 shares of the company traded hands, compared to its average volume of 942,453. Onto Innovation Inc. has a 12-month low of $145.15 and a 12-month high of $238.93. The company has a 50-day moving average price of $186.26 and a 200 day moving average price of $189.99. The company has a market cap of $8.78 billion, a PE ratio of 43.78, a PEG ratio of 1.09 and a beta of 1.31.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.41% and a net margin of 20.43%. Equities research analysts anticipate that Onto Innovation Inc. will post 6.46 EPS for the current year.

Analysts Set New Price Targets

ONTO has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price target on Onto Innovation from $265.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of Onto Innovation in a report on Friday. Benchmark restated a "buy" rating and set a $230.00 price target on shares of Onto Innovation in a report on Friday. Stifel Nicolaus decreased their price objective on shares of Onto Innovation from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Friday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research report on Friday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $251.25.

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.