XTX Topco Ltd Sells 5,014 Shares of Onto Innovation Inc. (NYSE:ONTO)

XTX Topco Ltd lessened its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 47.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,626 shares of the semiconductor company's stock after selling 5,014 shares during the period. XTX Topco Ltd's holdings in Onto Innovation were worth $1,168,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Quarry LP grew its position in shares of Onto Innovation by 232.4% in the 2nd quarter. Quarry LP now owns 113 shares of the semiconductor company's stock valued at $25,000 after buying an additional 79 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Onto Innovation by 675.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 124 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 108 shares during the period. LGT Financial Advisors LLC raised its holdings in Onto Innovation by 58.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 245 shares of the semiconductor company's stock worth $54,000 after purchasing an additional 90 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Onto Innovation by 40.2% in the 2nd quarter. Fifth Third Bancorp now owns 293 shares of the semiconductor company's stock worth $64,000 after purchasing an additional 84 shares during the period. Finally, Eastern Bank bought a new stake in shares of Onto Innovation in the 3rd quarter valued at $65,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Trading Down 3.4 %

NYSE ONTO traded down $5.74 during mid-day trading on Tuesday, hitting $163.25. The company's stock had a trading volume of 628,523 shares, compared to its average volume of 597,666. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.08 and a beta of 1.30. The company's 50 day simple moving average is $186.36 and its 200 day simple moving average is $200.23. Onto Innovation Inc. has a twelve month low of $134.11 and a twelve month high of $238.93.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results on Thursday, October 31st. The semiconductor company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.31 by $0.03. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. The company had revenue of $252.20 million during the quarter, compared to the consensus estimate of $250.85 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm's revenue for the quarter was up 21.7% on a year-over-year basis. As a group, research analysts forecast that Onto Innovation Inc. will post 5.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Benchmark reissued a "buy" rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, November 1st. Needham & Company LLC lowered their target price on shares of Onto Innovation from $245.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Jefferies Financial Group lowered their target price on shares of Onto Innovation from $265.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Oppenheimer lifted their target price on Onto Innovation from $260.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.