Robeco Schweiz AG Sells 7,880 Shares of Onto Innovation Inc. (NYSE:ONTO)

Robeco Schweiz AG lessened its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 162,860 shares of the semiconductor company's stock after selling 7,880 shares during the period. Robeco Schweiz AG owned 0.33% of Onto Innovation worth $27,144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates increased its stake in Onto Innovation by 106.7% during the 3rd quarter. Raymond James & Associates now owns 23,324 shares of the semiconductor company's stock valued at $4,841,000 after purchasing an additional 12,040 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Onto Innovation by 17.1% during the third quarter. Private Advisor Group LLC now owns 2,195 shares of the semiconductor company's stock worth $455,000 after purchasing an additional 321 shares during the last quarter. International Assets Investment Management LLC grew its position in Onto Innovation by 41,412.0% in the 3rd quarter. International Assets Investment Management LLC now owns 41,512 shares of the semiconductor company's stock worth $8,616,000 after purchasing an additional 41,412 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Onto Innovation by 67.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,733 shares of the semiconductor company's stock valued at $567,000 after buying an additional 1,105 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Onto Innovation by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,710 shares of the semiconductor company's stock worth $1,185,000 after buying an additional 385 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

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Wall Street Analyst Weigh In

ONTO has been the subject of a number of recent analyst reports. Oppenheimer reduced their price objective on Onto Innovation from $275.00 to $240.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price target on shares of Onto Innovation from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. Benchmark reissued a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research report 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $246.88.

Onto Innovation Trading Up 0.0 %

Shares of ONTO stock traded up $0.03 during trading on Friday, reaching $145.60. 1,399,822 shares of the company's stock traded hands, compared to its average volume of 1,011,634. The firm's 50-day moving average is $185.04 and its 200 day moving average is $188.35. Onto Innovation Inc. has a 1 year low of $141.50 and a 1 year high of $238.93. The company has a market capitalization of $7.19 billion, a P/E ratio of 35.86, a PEG ratio of 0.89 and a beta of 1.31.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In related news, 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 transaction, the senior vice president now directly owns 15,223 shares of the company's stock, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the company's stock in a transaction on 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 directly owns 215,492 shares of the company's stock, valued at $43,139,343.48. This trade represents a 8.49 % 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 valued at $18,182,185 in the last 90 days. Corporate insiders own 0.72% of the company's stock.

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.