Vontobel Holding Ltd. Has $2.08 Million Position in Onto Innovation Inc. (NYSE:ONTO)

Vontobel Holding Ltd. raised its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 157.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,995 shares of the semiconductor company's stock after purchasing an additional 6,111 shares during the period. Vontobel Holding Ltd.'s holdings in Onto Innovation were worth $2,075,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ONTO. Swedbank AB increased its stake in shares of Onto Innovation by 32.2% during the third quarter. Swedbank AB now owns 82,500 shares of the semiconductor company's stock worth $17,124,000 after purchasing an additional 20,100 shares during the period. Creative Planning grew its holdings in Onto Innovation by 1.8% in the 3rd quarter. Creative Planning now owns 28,215 shares of the semiconductor company's stock valued at $5,856,000 after buying an additional 489 shares in the last quarter. Shaker Investments LLC OH increased its position in Onto Innovation by 29.3% during the 3rd quarter. Shaker Investments LLC OH now owns 5,077 shares of the semiconductor company's stock worth $1,054,000 after buying an additional 1,149 shares during the period. UMB Bank n.a. lifted its holdings in shares of Onto Innovation by 62.0% during the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company's stock worth $67,000 after buying an additional 124 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Onto Innovation by 69.4% during the third quarter. CWM LLC now owns 1,874 shares of the semiconductor company's stock worth $389,000 after buying an additional 768 shares in the last quarter. 98.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ONTO. Stifel Nicolaus raised their price target 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. Needham & Company LLC raised shares of Onto Innovation from a "hold" rating to a "buy" rating in a report on Monday, August 19th. Benchmark reiterated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, August 9th. Finally, Oppenheimer raised their price objective on Onto Innovation from $260.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $261.67.

Insider Activity

In related news, SVP Srinivas Vedula sold 1,275 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $207.24, for a total transaction of $264,231.00. Following the completion of the transaction, the senior vice president now directly owns 16,050 shares in the company, valued at $3,326,202. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Onto Innovation Price Performance

NYSE:ONTO traded down $0.08 during mid-day trading on Friday, reaching $209.59. The stock had a trading volume of 681,759 shares, compared to its average volume of 559,067. Onto Innovation Inc. has a 12 month low of $108.98 and a 12 month high of $238.93. The stock has a market capitalization of $10.33 billion, a PE ratio of 74.59, a P/E/G ratio of 1.36 and a beta of 1.36. The stock has a 50-day simple moving average of $203.53 and a two-hundred day simple moving average of $205.76.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.12. The company had revenue of $242.33 million for the quarter, compared to analyst estimates of $235.43 million. Onto Innovation had a return on equity of 12.71% and a net margin of 18.50%. The company's revenue for the quarter was up 27.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 EPS. Equities analysts expect that Onto Innovation Inc. will post 5.18 EPS for the current 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.