Vaughan Nelson Investment Management L.P. Boosts Holdings in Onto Innovation Inc. (NYSE:ONTO)

Vaughan Nelson Investment Management L.P. raised its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 24.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,425 shares of the semiconductor company's stock after purchasing an additional 39,955 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.41% of Onto Innovation worth $44,444,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in Onto Innovation during the 1st quarter worth approximately $28,000. GAMMA Investing LLC bought a new stake in shares of Onto Innovation in the fourth quarter valued at about $33,000. Rise Advisors LLC acquired a new position in shares of Onto Innovation in the first quarter valued at about $38,000. Parallel Advisors LLC increased its position in Onto Innovation by 43.0% during the fourth quarter. Parallel Advisors LLC now owns 366 shares of the semiconductor company's stock worth $56,000 after acquiring an additional 110 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Onto Innovation in the 1st quarter worth about $80,000. 98.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Srinivas Vedula sold 1,486 shares of the firm's stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $213.40, for a total value of $317,112.40. Following the completion of the transaction, the senior vice president now owns 17,433 shares in the company, valued at approximately $3,720,202.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Onto Innovation news, CFO Mark Slicer sold 519 shares of the company's stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $221.21, for a total value of $114,807.99. Following the sale, the chief financial officer now owns 12,552 shares in the company, valued at approximately $2,776,627.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Srinivas Vedula sold 1,486 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $213.40, for a total value of $317,112.40. Following the completion of the sale, the senior vice president now directly owns 17,433 shares of the company's stock, valued at approximately $3,720,202.20. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

ONTO has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Onto Innovation from $240.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, July 15th. Benchmark restated a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, August 9th. Jefferies Financial Group initiated coverage on Onto Innovation in a report on Monday, May 13th. They issued a "buy" rating and a $265.00 price objective for the company. B. Riley increased their target price on Onto Innovation from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, June 20th. Finally, Evercore ISI upped their price objective on shares of Onto Innovation from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $259.00.

Onto Innovation Stock Down 0.8 %

Shares of ONTO stock traded down $1.74 on Friday, reaching $209.14. The company had a trading volume of 279,722 shares, compared to its average volume of 550,309. The business's 50-day moving average is $208.76 and its 200 day moving average is $197.78. Onto Innovation Inc. has a one year low of $108.44 and a one year high of $238.93. The stock has a market capitalization of $10.31 billion, a PE ratio of 74.43 and a beta of 1.39.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.20 by $0.12. The business had revenue of $242.33 million during the quarter, compared to the consensus estimate of $235.43 million. Onto Innovation had a net margin of 16.43% and a return on equity of 11.48%. The firm's revenue was up 27.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 EPS. On average, sell-side analysts forecast that Onto Innovation Inc. will post 5.05 earnings per share 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.