Rockefeller Capital Management L.P. Invests $9.68 Million in Onto Innovation Inc. (NYSE:ONTO)

Rockefeller Capital Management L.P. purchased a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 58,100 shares of the semiconductor company's stock, valued at approximately $9,684,000. Rockefeller Capital Management L.P. owned about 0.12% of Onto Innovation as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new position in Onto Innovation during the 4th quarter worth approximately $26,000. Mather Group LLC. boosted its position in Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 111 shares during the period. Versant Capital Management Inc grew its stake in 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. acquired a new position in shares of Onto Innovation in the 4th quarter valued at about $43,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Onto Innovation in the fourth quarter worth approximately $47,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Up 0.0 %

NYSE ONTO traded up $0.03 during trading on Friday, hitting $114.92. The company's stock had a trading volume of 613,059 shares, compared to its average volume of 793,315. Onto Innovation Inc. has a 52 week low of $98.21 and a 52 week high of $238.93. The firm has a market cap of $5.61 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The firm has a 50 day moving average price of $135.91 and a 200 day moving average price of $169.08.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, beating 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%. On average, equities analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ONTO has been the subject of several recent research reports. Oppenheimer cut their price objective on Onto Innovation from $240.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Needham & Company LLC reissued a "buy" rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Stifel Nicolaus cut their price objective on shares of Onto Innovation from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Tuesday. Jefferies Financial Group dropped their price target on shares of Onto Innovation from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Onto Innovation presently has an average rating of "Moderate Buy" and a consensus price target of $218.13.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $219.19, for a total value 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 approximately $32,986,341.48. The trade was a 18.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company's stock.

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.