Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 89.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,120 shares of the semiconductor company's stock after selling 17,905 shares during the quarter. Quantbot Technologies LP's holdings in Onto Innovation were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ONTO. Kestra Investment Management LLC acquired a new position in shares of Onto Innovation in the 4th quarter valued at about $26,000. Mather Group LLC. increased its position in shares of Onto Innovation by 209.4% in the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 111 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 197 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Onto Innovation during the 4th quarter worth $43,000. Finally, Berbice Capital Management LLC acquired a new stake in Onto Innovation in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 98.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus set a $200.00 price objective on Onto Innovation and gave the stock a "buy" rating in a research note on Friday, March 28th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 target price on shares of Onto Innovation in a report on Friday, February 7th. Oppenheimer decreased their price target on Onto Innovation from $275.00 to $240.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $231.88.

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Insider Buying and Selling at Onto Innovation

In related news, CEO Michael P. Plisinski sold 20,000 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the completion of the sale, the chief executive officer now owns 215,492 shares of the company's stock, valued at $43,139,343.48. This represents a 8.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 15,223 shares in the company, valued at $3,120,715. This represents a 5.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock worth $18,182,185 over the last quarter. 0.72% of the stock is owned by corporate insiders.

Onto Innovation Price Performance

Shares of NYSE:ONTO traded up $2.62 during midday trading on Wednesday, reaching $125.69. The company had a trading volume of 553,871 shares, compared to its average volume of 740,263. The stock has a market capitalization of $6.19 billion, a P/E ratio of 30.96, a PEG ratio of 0.89 and a beta of 1.29. The stock's fifty day moving average price is $158.75 and its 200-day moving average price is $177.30. 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 earnings per share 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%. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share 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.