Onto Innovation Inc. (NYSE:ONTO) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lowered its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 33.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,481 shares of the semiconductor company’s stock after selling 5,244 shares during the period. Ameritas Investment Partners Inc.’s holdings in Onto Innovation were worth $2,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ONTO. Vanguard Group Inc. increased its stake in Onto Innovation by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,254,287 shares of the semiconductor company’s stock worth $951,446,000 after buying an additional 65,472 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Onto Innovation by 64.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 946,879 shares of the semiconductor company’s stock worth $144,779,000 after acquiring an additional 371,641 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Onto Innovation by 28.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 856,780 shares of the semiconductor company’s stock worth $188,115,000 after purchasing an additional 189,769 shares in the last quarter. Wellington Management Group LLP raised its stake in Onto Innovation by 13.0% in the 4th quarter. Wellington Management Group LLP now owns 844,623 shares of the semiconductor company’s stock valued at $129,143,000 after purchasing an additional 96,925 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its holdings in Onto Innovation by 6.9% in the 1st quarter. Hood River Capital Management LLC now owns 672,230 shares of the semiconductor company’s stock valued at $121,727,000 after purchasing an additional 43,132 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Trading Down 1.6 %

Onto Innovation stock opened at $199.91 on Friday. The stock has a market cap of $9.85 billion, a P/E ratio of 71.14 and a beta of 1.37. The company has a 50-day moving average price of $196.52 and a 200 day moving average price of $201.84. Onto Innovation Inc. has a 12-month low of $108.98 and a 12-month high of $238.93.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.12. Onto Innovation had a net margin of 18.50% and a return on equity of 12.71%. The business had revenue of $242.33 million during the quarter, compared to the consensus estimate of $235.43 million. During the same quarter last year, the firm earned $0.79 EPS. The business’s revenue was up 27.1% compared to the same quarter last year. As a group, analysts forecast that Onto Innovation Inc. will post 5.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ONTO. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a report on Friday, August 9th. Needham & Company LLC raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Monday, August 19th. B. Riley raised their target price on shares of Onto Innovation from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Stifel Nicolaus upped their price target on Onto Innovation from $240.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.00.

Insider Activity

In related news, SVP Srinivas Vedula sold 1,275 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 16,050 shares of the company’s stock, valued at approximately $3,326,202. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.