Stephens Inc. AR Has $320,000 Position in Onto Innovation Inc. (NYSE:ONTO)

Stephens Inc. AR grew its position in Onto Innovation Inc. (NYSE:ONTO) by 38.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,921 shares of the semiconductor company’s stock after purchasing an additional 530 shares during the period. Stephens Inc. AR’s holdings in Onto Innovation were worth $320,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in Onto Innovation during the 2nd quarter worth about $250,000. CWM LLC boosted its position in Onto Innovation by 69.4% in the third quarter. CWM LLC now owns 1,874 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 768 shares during the last quarter. Creative Planning boosted its position in Onto Innovation by 1.8% in the third quarter. Creative Planning now owns 28,215 shares of the semiconductor company’s stock worth $5,856,000 after purchasing an additional 489 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Onto Innovation by 157.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 9,995 shares of the semiconductor company’s stock valued at $2,075,000 after buying an additional 6,111 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Onto Innovation by 28,066.7% during the 3rd quarter. Blue Trust Inc. now owns 845 shares of the semiconductor company’s stock valued at $186,000 after buying an additional 842 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

ONTO has been the topic of several recent analyst reports. StockNews.com cut shares of Onto Innovation from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Oppenheimer reiterated an “outperform” rating and issued a $275.00 target price on shares of Onto Innovation in a research report on Tuesday, December 17th. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Jefferies Financial Group cut their target price on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Onto Innovation has an average rating of “Moderate Buy” and an average target price of $251.25.

Insiders Place Their Bets

In related news, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction 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 approximately $3,120,715. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $211.24, for a total value of $6,337,200.00. Following the transaction, the chief executive officer now owns 185,492 shares of the company’s stock, valued at $39,183,330.08. This trade represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,827 shares of company stock valued at $18,182,185 in the last three months. 0.72% of the stock is currently owned by insiders.

Onto Innovation Stock Up 1.6 %

ONTO opened at $176.68 on Friday. The firm’s 50-day moving average price is $186.64 and its 200-day moving average price is $189.63. The company has a market cap of $8.73 billion, a P/E ratio of 43.52, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. Onto Innovation Inc. has a 52-week low of $145.15 and a 52-week high of $238.93.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.41% and a net margin of 20.43%. On average, research analysts anticipate that Onto Innovation Inc. will post 6.46 EPS 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.