Commonwealth Equity Services LLC Purchases 225 Shares of Onto Innovation Inc. (NYSE:ONTO)

Commonwealth Equity Services LLC increased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,083 shares of the semiconductor company’s stock after buying an additional 225 shares during the period. Commonwealth Equity Services LLC’s holdings in Onto Innovation were worth $2,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Onto Innovation by 22.8% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 74 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in Onto Innovation by 7.8% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 76 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Onto Innovation by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 81 shares during the period. Hunter Perkins Capital Management LLC boosted its holdings in shares of Onto Innovation by 3.9% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company’s stock worth $403,000 after buying an additional 90 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Onto Innovation by 0.3% during the 4th quarter. Assetmark Inc. now owns 40,882 shares of the semiconductor company’s stock worth $6,814,000 after buying an additional 109 shares during the period. Institutional investors own 98.35% of the company’s stock.

Insider Activity at Onto Innovation

In other news, CEO Michael P. Plisinski sold 20,000 shares of Onto Innovation stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the sale, the chief executive officer now directly owns 215,492 shares in the company, valued at $43,139,343.48. The trade was a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Srinivas Vedula sold 827 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the transaction, the senior vice president now owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is owned by insiders.

Onto Innovation Trading Down 4.1 %

NYSE ONTO opened at $133.13 on Thursday. The firm has a market capitalization of $6.56 billion, a P/E ratio of 32.79, a PEG ratio of 0.89 and a beta of 1.29. The business has a fifty day simple moving average of $168.16 and a 200 day simple moving average of $179.59. Onto Innovation Inc. has a 12 month low of $121.47 and a 12 month high of $238.93.

Onto Innovation (NYSE:ONTO) last released its quarterly 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 net margin of 20.43% and a return on equity of 14.24%. As a group, sell-side analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Oppenheimer cut their price target on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. Finally, Stifel Nicolaus reduced their price target on shares of Onto Innovation from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $246.88.

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.