Ausbil Investment Management Ltd Has $314,000 Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

Ausbil Investment Management Ltd decreased its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 66.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,512 shares of the semiconductor company's stock after selling 2,955 shares during the period. Ausbil Investment Management Ltd's holdings in Onto Innovation were worth $314,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Onto Innovation by 1.3% during the first quarter. Vanguard Group Inc. now owns 5,254,287 shares of the semiconductor company's stock worth $951,446,000 after purchasing an additional 65,472 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Onto Innovation by 28.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 856,780 shares of the semiconductor company's stock worth $188,115,000 after acquiring an additional 189,769 shares during the last quarter. Hood River Capital Management LLC increased its stake in shares of Onto Innovation by 6.9% in the first quarter. Hood River Capital Management LLC now owns 672,230 shares of the semiconductor company's stock worth $121,727,000 after acquiring an additional 43,132 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Onto Innovation by 2.0% during the second quarter. Driehaus Capital Management LLC now owns 535,769 shares of the semiconductor company's stock worth $117,633,000 after acquiring an additional 10,328 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Onto Innovation by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 522,629 shares of the semiconductor company's stock valued at $114,748,000 after purchasing an additional 26,563 shares during the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 1,275 shares of Onto Innovation stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $207.24, for a total value of $264,231.00. Following the completion of the transaction, the senior vice president now owns 16,050 shares in the company, valued at approximately $3,326,202. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.72% of the company's stock.

Onto Innovation Stock Performance

Shares of ONTO traded up $1.61 during trading hours on Thursday, reaching $202.89. 460,536 shares of the company traded hands, compared to its average volume of 560,982. The stock's fifty day moving average is $204.03 and its 200 day moving average is $206.02. Onto Innovation Inc. has a 1-year low of $108.98 and a 1-year high of $238.93. The stock has a market cap of $10.00 billion, a P/E ratio of 72.20, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced 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. Onto Innovation had a net margin of 18.50% and a return on equity of 12.71%. The firm had revenue of $242.33 million for the quarter, compared to analyst estimates of $235.43 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The business's revenue for the quarter was up 27.1% on a year-over-year basis. On average, equities research analysts predict that Onto Innovation Inc. will post 5.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ONTO shares. Oppenheimer upped their target price on Onto Innovation from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 1st. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, August 9th. Needham & Company LLC upgraded shares of Onto Innovation from a "hold" rating to a "buy" rating in a research note on Monday, August 19th. Finally, Stifel Nicolaus lifted their price objective on shares of Onto Innovation from $240.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $261.67.

Onto Innovation Company 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.