Sei Investments Co. Grows Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

Sei Investments Co. raised its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,179 shares of the semiconductor company's stock after purchasing an additional 8,086 shares during the quarter. Sei Investments Co. owned about 0.41% of Onto Innovation worth $34,031,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of Onto Innovation during the 4th quarter worth about $26,000. Mather Group LLC. increased its position in shares of Onto Innovation by 209.4% during the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Onto Innovation by 532.4% in 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 during the period. SBI Securities Co. Ltd. acquired a new position in shares of Onto Innovation in the 4th quarter worth approximately $43,000. Finally, Berbice Capital Management LLC purchased a new position in shares of Onto Innovation during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 98.35% of the company's stock.

Insider Transactions at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 20,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the transaction, the chief executive officer now owns 215,492 shares of the company's stock, valued at $43,139,343.48. The trade was a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the stock in a transaction that occurred on 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 directly owns 15,223 shares of the company's stock, valued at $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,827 shares of company stock worth $18,182,185. 0.72% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ONTO shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $250.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Jefferies Financial Group decreased their target price on Onto Innovation from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday. Oppenheimer dropped their target price on Onto Innovation from $275.00 to $240.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus set a $200.00 price target on shares of Onto Innovation and gave the stock a "buy" rating 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 note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $231.88.

Onto Innovation Trading Down 5.0 %

NYSE:ONTO traded down $6.43 during trading hours on Friday, hitting $121.99. The company's stock had a trading volume of 979,804 shares, compared to its average volume of 737,240. Onto Innovation Inc. has a 52-week low of $120.20 and a 52-week high of $238.93. The stock has a market capitalization of $6.01 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The stock has a fifty day moving average of $164.57 and a 200-day moving average of $178.83.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued 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 return on equity of 14.24% and a net margin of 20.43%. On average, sell-side analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current 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.