Segall Bryant & Hamill LLC Acquires 4,988 Shares of Onto Innovation Inc. (NYSE:ONTO)

Segall Bryant & Hamill LLC increased its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,664 shares of the semiconductor company's stock after purchasing an additional 4,988 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.23% of Onto Innovation worth $18,944,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Onto Innovation during the fourth quarter worth about $43,893,000. Proficio Capital Partners LLC purchased a new position in shares of Onto Innovation during the fourth quarter valued at approximately $41,946,000. JPMorgan Chase & Co. boosted its position in shares of Onto Innovation by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company's stock worth $416,863,000 after purchasing an additional 228,800 shares in the last quarter. Barclays PLC grew its stake in shares of Onto Innovation by 1,296.7% in the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company's stock worth $45,079,000 after buying an additional 201,640 shares during the last quarter. Finally, FMR LLC increased its position in Onto Innovation by 20.5% during the 3rd quarter. FMR LLC now owns 825,682 shares of the semiconductor company's stock valued at $171,379,000 after buying an additional 140,659 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ONTO has been the topic of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, February 7th. StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Benchmark restated a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Jefferies Financial Group reduced their price target on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Friday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Onto Innovation presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.88.

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Insider Activity at Onto Innovation

In related news, CEO Michael P. Plisinski sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the completion of the transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. The trade was a 8.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Srinivas Vedula sold 827 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the sale, the senior vice president now directly owns 15,223 shares of the company's stock, valued at $3,120,715. This represents a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,827 shares of company stock worth $18,182,185. 0.72% of the stock is owned by company insiders.

Onto Innovation Stock Performance

Shares of ONTO stock traded down $6.43 on Friday, reaching $121.99. The stock had a trading volume of 979,804 shares, compared to its average volume of 737,240. Onto Innovation Inc. has a 1 year low of $120.68 and a 1 year high of $238.93. The stock has a market cap of $6.01 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The company has a 50 day simple moving average of $164.57 and a 200 day simple moving average of $178.70.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. On average, equities research analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

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.