19 hours Ago By Defense World Staff
Empowered Funds LLC acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,129 shares of the semiconductor company’s stock, valued at approximately $355,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC. raised its holdings in shares of Onto Innovation by 209.
4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 111 shares in the last quarter.
Versant Capital Management Inc increased its position in Onto Innovation by 532.4% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after buying an additional 197 shares during the last quarter.
Berbice Capital Management LLC bought a new position in Onto Innovation during the fourth quarter valued at about $50,000. Eastern Bank acquired a new stake in shares of Onto Innovation in the third quarter worth about $65,000. Finally, UMB Bank n.
a. boosted its stake in shares of Onto Innovation by 22.8% during 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.
98.35% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity at Onto InnovationIn other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction that occurred on Wednesday, January 15th.
The stock was sold at an average price of $205.00, for a total transaction of $169,535.00.
Following the sale, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 215,492 shares of the company’s stock, valued at approximately $43,139,343.48. The trade was a 8.
49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,827 shares of company stock worth $18,182,185.
0.72% of the stock is owned by corporate insiders. Wall Street Analysts Forecast GrowthA number of brokerages recently weighed in on ONTO.
Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.
00 price objective on shares of Onto Innovation in a report on Friday, February 7th. Oppenheimer dropped their target price on shares of Onto Innovation from $275.00 to $240.
00 and set an “outperform” rating on the stock in a report on Thursday. Jefferies Financial Group cut their target price on shares of Onto Innovation from $265.00 to $245.
00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, StockNews.com downgraded Onto Innovation from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th.
One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $246.88.
Get Our Latest Analysis on ONTOOnto Innovation Stock PerformanceShares of ONTO opened at $167.29 on Friday. The company has a 50-day simple moving average of $187.
05 and a 200-day simple moving average of $189.61. Onto Innovation Inc.
has a 52 week low of $145.15 and a 52 week high of $238.93.
The firm has a market capitalization of $8.26 billion, a P/E ratio of 41.21, a P/E/G ratio of 0.
91 and a beta of 1.31. Onto Innovation (NYSE:ONTO – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th.
The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.
10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.
43%. As a group, equities analysts forecast that Onto Innovation Inc. will post 6.
32 earnings per share for the current year. About Onto Innovation (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.Recommended StoriesFive stocks we like better than Onto InnovationHow to Evaluate a Stock Before Buying Ray Dalio’s Bridgewater Loaded Up on These Stocks in Q4 2024Technology Stocks Explained: Here’s What to Know About TechWalmart Faces Tariff Headwinds, Consumer Trends Remain PositiveWhat Are Earnings Reports?Tesla: 2 Reasons to Buy, 1 Reason to Run.
