LPL Financial LLC Grows Holdings in Onto Innovation Inc. (NYSE:ONTO)

LPL Financial LLC grew its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 35.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,672 shares of the semiconductor company's stock after purchasing an additional 9,310 shares during the quarter. LPL Financial LLC owned approximately 0.07% of Onto Innovation worth $5,945,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC increased its position in Onto Innovation by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company's stock worth $2,680,000 after purchasing an additional 225 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Onto Innovation by 1.6% during the third quarter. Geode Capital Management LLC now owns 834,345 shares of the semiconductor company's stock worth $173,401,000 after buying an additional 13,405 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Onto Innovation by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company's stock worth $416,863,000 after buying an additional 228,800 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Onto Innovation by 72.0% in the third quarter. HighTower Advisors LLC now owns 10,184 shares of the semiconductor company's stock valued at $2,095,000 after buying an additional 4,263 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Onto Innovation by 1,296.7% during the third quarter. Barclays PLC now owns 217,190 shares of the semiconductor company's stock valued at $45,079,000 after buying an additional 201,640 shares during the period. 98.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Onto Innovation

In other news, CEO Michael P. Plisinski sold 20,000 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total value of $4,003,800.00. Following the completion of the transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. This represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction 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 sale, the senior vice president now directly owns 15,223 shares in the company, valued at $3,120,715. This trade represents a 5.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock valued at $18,182,185 over the last three months. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Jefferies Financial Group reduced their target price on Onto Innovation from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective 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 given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.63.

Onto Innovation Stock Up 2.0 %

Shares of NYSE ONTO traded up $2.37 during midday trading on Friday, hitting $120.40. The stock had a trading volume of 917,314 shares, compared to its average volume of 784,793. The company has a fifty day moving average price of $143.57 and a 200 day moving average price of $172.35. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 0.89 and a beta of 1.46. Onto Innovation Inc. has a 1-year low of $98.21 and a 1-year high of $238.93.

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

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.