Onto Innovation Inc. (NYSE:ONTO) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 457.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,568 shares of the semiconductor company's stock after purchasing an additional 8,673 shares during the quarter. Tower Research Capital LLC TRC's holdings in Onto Innovation were worth $1,761,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Mirabella Financial Services LLP acquired a new position in shares of Onto Innovation during the 4th quarter worth approximately $2,005,000. MetLife Investment Management LLC increased its holdings in Onto Innovation by 8.8% in the 4th quarter. MetLife Investment Management LLC now owns 28,388 shares of the semiconductor company's stock worth $4,731,000 after acquiring an additional 2,298 shares in the last quarter. Natixis raised its position in Onto Innovation by 11.9% during the fourth quarter. Natixis now owns 22,507 shares of the semiconductor company's stock worth $3,751,000 after acquiring an additional 2,400 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Onto Innovation by 215.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 65,000 shares of the semiconductor company's stock valued at $10,834,000 after purchasing an additional 44,400 shares in the last quarter. Finally, Jump Financial LLC grew its position in shares of Onto Innovation by 363.3% in the fourth quarter. Jump Financial LLC now owns 24,656 shares of the semiconductor company's stock valued at $4,109,000 after purchasing an additional 19,334 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Stock Performance

NYSE ONTO opened at $114.16 on Wednesday. Onto Innovation Inc. has a one year low of $98.21 and a one year high of $238.93. The firm has a 50 day simple moving average of $133.60 and a 200-day simple moving average of $167.77. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 0.89 and a beta of 1.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. Equities analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ONTO. Benchmark reaffirmed a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Jefferies Financial Group lowered their price target on Onto Innovation from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. 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 report on Friday, April 11th. Finally, StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $218.13.

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.

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