Vanguard Personalized Indexing Management LLC Has $1.32 Million Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

Vanguard Personalized Indexing Management LLC reduced its stake in Onto Innovation Inc. (NYSE:ONTO) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,025 shares of the semiconductor company’s stock after selling 77 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Onto Innovation were worth $1,323,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. raised its holdings in Onto Innovation by 2.7% during the second quarter. QRG Capital Management Inc. now owns 1,935 shares of the semiconductor company’s stock worth $425,000 after acquiring an additional 50 shares in the last quarter. Shaker Investments LLC OH boosted its holdings in shares of Onto Innovation by 1.7% during the second quarter. Shaker Investments LLC OH now owns 3,928 shares of the semiconductor company’s stock worth $862,000 after acquiring an additional 64 shares during the period. Fifth Third Bancorp lifted its holdings in Onto Innovation by 40.2% during 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 last quarter. GAMMA Investing LLC boosted its stake in Onto Innovation by 41.1% in the 1st quarter. GAMMA Investing LLC now owns 292 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 85 shares during the period. Finally, CWM LLC grew its holdings in Onto Innovation by 8.9% in the 2nd quarter. CWM LLC now owns 1,106 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 90 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Insider Activity

In related news, SVP Srinivas Vedula sold 1,275 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $207.24, for a total value of $264,231.00. Following the sale, the senior vice president now owns 16,050 shares of the company’s stock, valued at $3,326,202. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Onto Innovation Stock Performance

NYSE ONTO opened at $199.91 on Monday. The firm’s fifty day moving average price is $196.52 and its two-hundred day moving average price is $201.92. The stock has a market cap of $9.85 billion, a PE ratio of 71.14 and a beta of 1.37. Onto Innovation Inc. has a fifty-two week low of $108.98 and a fifty-two week high of $238.93.

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

Onto Innovation Company 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.