Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 90.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,696 shares of the semiconductor company's stock after selling 228,904 shares during the period. Natixis Advisors LLC owned about 0.05% of Onto Innovation worth $4,116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ONTO. Citigroup Inc. grew its holdings in Onto Innovation by 811.7% during the third quarter. Citigroup Inc. now owns 319,116 shares of the semiconductor company's stock valued at $66,236,000 after purchasing an additional 284,115 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Onto Innovation during the 4th quarter valued at about $43,893,000. Proficio Capital Partners LLC bought a new position in shares of Onto Innovation during the 4th quarter valued at approximately $41,946,000. JPMorgan Chase & Co. raised its stake in Onto Innovation by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company's stock worth $416,863,000 after acquiring an additional 228,800 shares during the period. Finally, Barclays PLC lifted its holdings in 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 purchasing an additional 201,640 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ONTO shares. StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Oppenheimer dropped their price objective on Onto Innovation from $275.00 to $240.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Needham & Company LLC reissued a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Finally, Stifel Nicolaus cut their price objective on shares of Onto Innovation from $270.00 to $250.00 and set a "buy" rating for the company in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Onto Innovation presently has an average rating of "Moderate Buy" and an average target price of $246.88.

Remove Ads

Onto Innovation Stock Down 4.1 %

Onto Innovation stock traded down $5.63 during mid-day trading on Wednesday, reaching $133.13. 749,331 shares of the company's stock traded hands, compared to its average volume of 1,003,220. Onto Innovation Inc. has a 12-month low of $121.47 and a 12-month high of $238.93. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 0.89 and a beta of 1.29. The stock has a 50 day moving average of $169.61 and a two-hundred day moving average of $179.92.

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

Insider Activity at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 15,223 shares of the company's stock, valued at $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael P. Plisinski sold 20,000 shares of Onto Innovation 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 owns 215,492 shares in the company, 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. In the last ninety days, insiders have sold 85,827 shares of company stock worth $18,182,185. Insiders own 0.72% of the company's stock.

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.