Versor Investments LP Has $913,000 Position in Onto Innovation Inc. (NYSE:ONTO)

Versor Investments LP boosted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 266.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the semiconductor company's stock after purchasing an additional 3,200 shares during the period. Versor Investments LP's holdings in Onto Innovation were worth $913,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC increased its holdings in shares of Onto Innovation by 9.5% in the third quarter. Los Angeles Capital Management LLC now owns 127,326 shares of the semiconductor company's stock worth $26,428,000 after acquiring an additional 10,994 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Onto Innovation by 25.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,805 shares of the semiconductor company's stock worth $790,000 after purchasing an additional 769 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Onto Innovation in the third quarter valued at approximately $23,367,000. Assetmark Inc. boosted its position in Onto Innovation by 2.4% during the third quarter. Assetmark Inc. now owns 40,773 shares of the semiconductor company's stock worth $8,463,000 after purchasing an additional 938 shares during the period. Finally, TFB Advisors LLC lifted its position in Onto Innovation by 6.4% during the third quarter. TFB Advisors LLC now owns 2,290 shares of the semiconductor company's stock worth $475,000 after acquiring an additional 138 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

Onto Innovation Price Performance

Shares of NYSE ONTO traded down $9.94 during mid-day trading on Wednesday, hitting $164.81. 843,477 shares of the stock traded hands, compared to its average volume of 584,577. The company has a market cap of $8.14 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. Onto Innovation Inc. has a twelve month low of $131.78 and a twelve month high of $238.93. The firm has a 50 day simple moving average of $198.07 and a two-hundred day simple moving average of $206.74.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.03. Onto Innovation had a return on equity of 13.38% and a net margin of 19.44%. The firm had revenue of $252.20 million for the quarter, compared to analyst estimates of $250.85 million. During the same period last year, the firm posted $0.96 earnings per share. The business's revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities research analysts anticipate that Onto Innovation Inc. will post 5.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Srinivas Vedula sold 1,275 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $207.24, for a total transaction of $264,231.00. Following the completion of the transaction, the senior vice president now directly owns 16,050 shares of the company's stock, valued at $3,326,202. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ONTO shares. Oppenheimer raised their target price on shares of Onto Innovation from $260.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Jefferies Financial Group cut their price target on shares of Onto Innovation from $265.00 to $245.00 and set a "buy" rating for the company in a report on Friday, November 1st. Needham & Company LLC decreased their price objective on shares of Onto Innovation from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, Benchmark restated a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $254.29.

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.