Nebula Research & Development LLC Buys 4,619 Shares of Onto Innovation Inc. (NYSE:ONTO)

Nebula Research & Development LLC grew its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,229 shares of the semiconductor company's stock after acquiring an additional 4,619 shares during the quarter. Onto Innovation comprises 0.4% of Nebula Research & Development LLC's investment portfolio, making the stock its 24th largest position. Nebula Research & Development LLC's holdings in Onto Innovation were worth $3,538,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $26,000. Mather Group LLC. boosted its position in shares of Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 197 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $43,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $47,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Performance

NYSE:ONTO traded down $1.03 during midday trading on Monday, reaching $124.56. 783,589 shares of the stock traded hands, compared to its average volume of 800,256. The company has a fifty day moving average of $130.48 and a 200 day moving average of $165.69. Onto Innovation Inc. has a 12 month low of $98.21 and a 12 month high of $238.93. The stock has a market capitalization of $6.08 billion, a P/E ratio of 30.68, a PEG ratio of 0.89 and a beta of 1.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate 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, analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ONTO shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. Jefferies Financial Group cut their price objective on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Stifel Nicolaus cut their price objective on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Oppenheimer cut their price objective on shares of Onto Innovation from $240.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Onto Innovation presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.13.

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.