Cwm LLC Increases Position in Onto Innovation Inc. (NYSE:ONTO)

Cwm LLC increased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 69.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,874 shares of the semiconductor company’s stock after purchasing an additional 768 shares during the period. Cwm LLC’s holdings in Onto Innovation were worth $389,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Onto Innovation by 24.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 202,425 shares of the semiconductor company’s stock valued at $44,444,000 after buying an additional 39,955 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Onto Innovation by 98.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,547 shares of the semiconductor company’s stock valued at $1,218,000 after purchasing an additional 2,753 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Onto Innovation by 17.8% during the first quarter. Nordea Investment Management AB now owns 102,103 shares of the semiconductor company’s stock valued at $18,586,000 after purchasing an additional 15,451 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Onto Innovation by 45.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 105,267 shares of the semiconductor company’s stock worth $23,112,000 after purchasing an additional 33,025 shares during the last quarter. Finally, Norden Group LLC purchased a new stake in shares of Onto Innovation in the first quarter worth about $654,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Insider Transactions at Onto Innovation

In related news, SVP Srinivas Vedula sold 1,275 shares of Onto Innovation stock in a transaction dated Tuesday, September 3rd. The shares were 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 owns 16,050 shares in the company, valued at $3,326,202. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ONTO. Stifel Nicolaus upped their price objective on Onto Innovation from $240.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research note 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. Finally, Oppenheimer upped their target price on shares of Onto Innovation from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $261.67.

Onto Innovation Price Performance

Onto Innovation stock opened at $209.59 on Monday. The firm has a market capitalization of $10.33 billion, a P/E ratio of 74.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. Onto Innovation Inc. has a 1-year low of $108.98 and a 1-year high of $238.93. The company’s 50-day moving average is $203.53 and its 200 day moving average is $205.76.

Onto Innovation (NYSE:ONTO) last issued 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 firm had revenue of $242.33 million for the quarter, compared to the consensus estimate of $235.43 million. Onto Innovation had a return on equity of 12.71% and a net margin of 18.50%. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. Research analysts anticipate that Onto Innovation Inc. will post 5.18 earnings per share 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.