Mutual of America Capital Management LLC Has $7.93 Million Position in Onto Innovation Inc. (NYSE:ONTO)

Mutual of America Capital Management LLC boosted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,588 shares of the semiconductor company's stock after acquiring an additional 3,533 shares during the quarter. Mutual of America Capital Management LLC owned 0.10% of Onto Innovation worth $7,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new stake in shares of Onto Innovation during the fourth quarter worth about $26,000. Mather Group LLC. boosted its holdings in Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Onto Innovation by 532.4% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 197 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Onto Innovation in the fourth quarter valued at about $50,000. Finally, UMB Bank n.a. lifted its position in shares of Onto Innovation by 22.8% during the fourth quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company's stock valued at $66,000 after purchasing an additional 74 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. 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. Needham & Company LLC reaffirmed a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Stifel Nicolaus cut their target price on shares of Onto Innovation from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $250.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Onto Innovation currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.88.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the 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 owns 15,223 shares of the company's stock, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 215,492 shares of the company's stock, 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. Insiders sold 85,827 shares of company stock worth $18,182,185 over the last 90 days. Company insiders own 0.72% of the company's stock.

Onto Innovation Trading Up 3.5 %

Shares of ONTO stock traded up $4.75 on Wednesday, reaching $140.16. The company's stock had a trading volume of 1,076,956 shares, compared to its average volume of 1,030,225. The stock's fifty day simple moving average is $183.52 and its 200-day simple moving average is $187.23. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 0.89 and a beta of 1.31. Onto Innovation Inc. has a 1 year low of $129.53 and a 1 year high of $238.93.

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

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.