1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership cut its stake in Onto Innovation Inc. ( NYSE:ONTO – Free Report ) by 78.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 46,482 shares of the semiconductor company’s stock after selling 170,708 shares during the period. Arrowstreet Capital Limited Partnership owned 0.09% of Onto Innovation worth $7,747,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in Onto Innovation in the 4th quarter worth approximately $26,000. Mather Group LLC.
boosted its position in Onto Innovation by 209.4% in the 4th quarter. Mather Group LLC.
now owns 164 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Onto Innovation by 532.4% in the 4th quarter.
Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 197 shares during the period. SBI Securities Co. Ltd.
bought a new stake in shares of Onto Innovation during the fourth quarter worth $43,000. Finally, Berbice Capital Management LLC bought a new stake in shares of Onto Innovation during the fourth quarter worth $50,000. 98.
35% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes A number of analysts recently commented on the company. Jefferies Financial Group lowered their price objective on Onto Innovation from $245.
00 to $175.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Needham & Company LLC reiterated a “buy” rating and set a $230.
00 price target on shares of Onto Innovation in a research report on Friday, February 7th. Stifel Nicolaus set a $200.00 price target on shares of Onto Innovation and gave the stock a “buy” rating in a research note on Friday, March 28th.
Oppenheimer reduced their price objective on shares of 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, Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company.
Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $231.88. Onto Innovation Stock Performance Shares of NYSE:ONTO opened at $104.
63 on Monday. The company has a 50 day moving average price of $154.44 and a two-hundred day moving average price of $176.
05. The company has a market capitalization of $5.16 billion, a PE ratio of 25.
77, a PEG ratio of 0.89 and a beta of 1.46.
Onto Innovation Inc. has a 52 week low of $98.21 and a 52 week high of $238.
93. Onto Innovation ( NYSE:ONTO – Get Free Report ) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.
51 EPS 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%.
On average, sell-side analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.
Insider Activity In other Onto Innovation news, CEO Michael P. Plisinski sold 20,000 shares of Onto Innovation stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $200.
19, for a total value of $4,003,800.00. Following the sale, the chief executive officer now owns 215,492 shares of the company’s stock, valued at $43,139,343.
48. This trade represents a 8.49 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Also, SVP Srinivas Vedula sold 827 shares of the company’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.
This represents a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 85,827 shares of company stock worth $18,182,185 in the last 90 days. Corporate insiders own 0.72% of the company’s stock.
Onto Innovation Company Profile ( Free Report ) 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.
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