Loomis Sayles & Co. L P Has $37.12 Million Stock Position in Onto Innovation Inc. (NYSE:ONTO)

Loomis Sayles & Co. L P cut its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,689 shares of the semiconductor company's stock after selling 43,311 shares during the quarter. Loomis Sayles & Co. L P owned about 0.45% of Onto Innovation worth $37,115,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Onto Innovation by 22.8% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company's stock valued at $66,000 after acquiring an additional 74 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in Onto Innovation by 7.8% during the third quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company's stock valued at $218,000 after purchasing an additional 76 shares during the last quarter. Bridge City Capital LLC lifted its stake in shares of 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 buying an additional 78 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Onto Innovation by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company's stock worth $256,000 after buying an additional 81 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC grew its position in shares of Onto Innovation by 3.9% in the fourth 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 during the last quarter. 98.35% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts recently issued reports on ONTO shares. Benchmark reaffirmed a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Stifel Nicolaus set a $200.00 price target on Onto Innovation and gave the company a "buy" rating in a research note on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Onto Innovation currently has an average rating of "Moderate Buy" and a consensus price target of $231.88.

Onto Innovation Stock Up 1.1 %

ONTO stock traded up $1.31 during midday trading on Tuesday, reaching $122.65. The stock had a trading volume of 172,930 shares, compared to its average volume of 735,989. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 0.89 and a beta of 1.29. Onto Innovation Inc. has a twelve month low of $116.16 and a twelve month high of $238.93. The business has a fifty day simple moving average of $162.67 and a two-hundred day simple moving average of $178.19.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. On average, equities analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Insider Activity

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the stock in a transaction 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 sale, 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael P. Plisinski sold 35,000 shares of the business's stock in a transaction 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 of the company's stock, valued at $32,986,341.48. This trade represents a 18.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,827 shares of company stock valued at $18,182,185 in the last 90 days. 0.72% of the stock is 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.