Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 95.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,510 shares of the semiconductor company's stock after selling 121,816 shares during the quarter. Los Angeles Capital Management LLC's holdings in Onto Innovation were worth $918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ONTO. UMB Bank n.a. grew its position 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 buying an additional 74 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in Onto Innovation by 7.8% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company's stock valued at $218,000 after acquiring an additional 76 shares during the last quarter. CIBC Asset Management Inc increased its position in Onto Innovation by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company's stock valued at $256,000 after purchasing an additional 81 shares during the period. Huntington National Bank raised its holdings in Onto Innovation by 26.3% during the 3rd quarter. Huntington National Bank now owns 423 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 88 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC raised its holdings in Onto Innovation by 3.9% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 90 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 150,492 shares in the company, valued at $32,986,341.48. The trade was a 18.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the sale, the senior vice president now directly owns 15,223 shares of the company's stock, valued at approximately $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 ninety days, insiders sold 85,827 shares of company stock worth $18,182,185. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ONTO has been the subject of several recent analyst reports. Oppenheimer decreased their price objective on shares of Onto Innovation from $275.00 to $240.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of Onto Innovation in a report on Friday, February 7th. Benchmark reissued a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Stifel Nicolaus cut their target price on Onto Innovation from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Finally, StockNews.com raised Onto Innovation from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $246.88.

Onto Innovation Stock Up 3.5 %

Shares of Onto Innovation stock traded up $4.75 on Wednesday, hitting $140.16. The stock had a trading volume of 1,076,956 shares, compared to its average volume of 1,030,225. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 0.89 and a beta of 1.31. The stock's 50-day simple moving average is $182.87 and its two-hundred day simple moving average is $186.90. Onto Innovation Inc. has a one year low of $129.53 and a one year high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) 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%. As a group, equities analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

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.