Robeco Institutional Asset Management B.V. Acquires 2,305 Shares of Onto Innovation Inc. (NYSE:ONTO)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 65.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,819 shares of the semiconductor company's stock after buying an additional 2,305 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Onto Innovation were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Onto Innovation during the fourth quarter worth approximately $108,000. Pacer Advisors Inc. raised its holdings in Onto Innovation by 104.7% during the fourth quarter. Pacer Advisors Inc. now owns 21,672 shares of the semiconductor company's stock worth $3,612,000 after purchasing an additional 11,086 shares in the last quarter. Hunter Perkins Capital Management LLC raised its holdings in Onto Innovation by 3.9% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 90 shares in the last quarter. KBC Group NV raised its holdings in Onto Innovation by 58.7% during the fourth quarter. KBC Group NV now owns 2,051 shares of the semiconductor company's stock worth $342,000 after purchasing an additional 759 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Onto Innovation by 61.8% during the fourth quarter. Blue Trust Inc. now owns 1,367 shares of the semiconductor company's stock worth $228,000 after purchasing an additional 522 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Insider Buying and Selling at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the stock in a transaction dated Wednesday, January 15th. The shares were 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael P. Plisinski sold 35,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the completion of the transaction, the chief executive officer now directly owns 150,492 shares of the company's stock, valued at $32,986,341.48. This trade represents a 18.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,827 shares of company stock worth $18,182,185 over the last ninety days. Company insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on ONTO. Oppenheimer reissued an "outperform" rating and set a $275.00 target price on shares of Onto Innovation in a report on Tuesday, December 17th. Stifel Nicolaus decreased their price target on shares of Onto Innovation from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday. Jefferies Financial Group decreased their price target on shares of Onto Innovation from $265.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research report on Friday. Finally, Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research report on Friday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $251.25.

Onto Innovation Price Performance

NYSE ONTO traded down $22.79 on Friday, hitting $187.81. 2,199,640 shares of the stock were exchanged, compared to its average volume of 884,934. Onto Innovation Inc. has a 52-week low of $145.15 and a 52-week high of $238.93. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 46.26, a P/E/G ratio of 1.09 and a beta of 1.31. The company's 50-day moving average price is $186.01 and its two-hundred day moving average price is $190.24.

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 the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.41%. Equities analysts predict that Onto Innovation Inc. will post 6.46 EPS 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.