Onto Innovation Inc. (NYSE:ONTO) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,166,137 shares of the semiconductor company's stock after buying an additional 76,233 shares during the quarter. Vanguard Group Inc. owned approximately 10.46% of Onto Innovation worth $861,040,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $43,893,000. Proficio Capital Partners LLC bought a new stake in Onto Innovation during the fourth quarter valued at approximately $41,946,000. JPMorgan Chase & Co. grew its stake in 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 buying an additional 228,800 shares in the last quarter. Barclays PLC increased its holdings 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 raised its position in shares of 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.

Insiders Place Their Bets

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the sale, the senior vice president now directly owns 15,223 shares in the company, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael P. Plisinski sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the transaction, the chief executive officer now owns 150,492 shares in the company, valued at $32,986,341.48. The trade was a 18.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,827 shares of company stock worth $18,182,185 over the last quarter. Company insiders own 0.72% of the company's stock.

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Onto Innovation Trading Up 1.4 %

NYSE ONTO traded up $1.69 on Tuesday, reaching $123.03. 713,973 shares of the stock were exchanged, compared to its average volume of 738,076. The company's 50-day simple moving average is $162.67 and its two-hundred day simple moving average is $178.19. The firm has a market capitalization of $6.06 billion, a PE ratio of 30.30, a PEG ratio of 0.89 and a beta of 1.29. Onto Innovation Inc. has a one year low of $116.16 and a one year high of $238.93.

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

Analyst Ratings Changes

A number of research firms recently weighed in on ONTO. StockNews.com upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Needham & Company LLC reiterated a "buy" rating and issued a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Stifel Nicolaus set a $200.00 price objective on Onto Innovation and gave the company a "buy" rating in a research note on Friday. One research 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, the company presently has an average rating of "Moderate Buy" and an average target price of $231.88.

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.