Atria Investments Inc Has $467,000 Holdings in Onto Innovation Inc. (NYSE:ONTO)

Atria Investments Inc lessened its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 61.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,800 shares of the semiconductor company’s stock after selling 4,525 shares during the quarter. Atria Investments Inc’s holdings in Onto Innovation were worth $467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ONTO. Citigroup Inc. grew its position in shares of Onto Innovation by 811.7% during the 3rd quarter. Citigroup Inc. now owns 319,116 shares of the semiconductor company’s stock worth $66,236,000 after buying an additional 284,115 shares during the period. Proficio Capital Partners LLC bought a new position in Onto Innovation during the 4th quarter valued at $41,946,000. JPMorgan Chase & Co. lifted its stake in Onto Innovation by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock valued at $416,863,000 after acquiring an additional 228,800 shares in the last quarter. Barclays PLC lifted its stake in Onto Innovation by 1,296.7% during the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock valued at $45,079,000 after acquiring an additional 201,640 shares in the last quarter. Finally, FMR LLC lifted its stake in Onto Innovation by 20.5% during the 3rd quarter. FMR LLC now owns 825,682 shares of the semiconductor company’s stock valued at $171,379,000 after acquiring an additional 140,659 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price objective on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Oppenheimer lowered their target price on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation has an average rating of “Moderate Buy” and a consensus target price of $246.88.

Insider Buying and Selling at Onto Innovation

In other news, CEO Michael P. Plisinski sold 35,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the completion of the transaction, the chief executive officer now owns 150,492 shares of the company’s stock, valued at approximately $32,986,341.48. The trade was a 18.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the transaction, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at $3,120,715. The trade was a 5.15 % decrease in their position. 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 quarter. 0.72% of the stock is currently owned by corporate insiders.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $138.72 on Friday. Onto Innovation Inc. has a 52-week low of $121.47 and a 52-week high of $238.93. The stock’s 50-day simple moving average is $177.40 and its 200 day simple moving average is $183.00. The stock has a market capitalization of $6.83 billion, a P/E ratio of 34.17, a P/E/G ratio of 0.89 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. Equities research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Onto Innovation 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.