StockNews.com initiated coverage on shares of Onto Innovation (NYSE:ONTO – Get Rating) in a research report released on Thursday. The firm issued a buy rating on the semiconductor company’s stock.
ONTO has been the topic of a number of other reports. B. Riley lifted their price target on shares of Onto Innovation from $95.00 to $105.00 and gave the stock a buy rating in a research report on Friday, February 10th. Benchmark reissued a buy rating and issued a $92.00 price objective (up previously from $85.00) on shares of Onto Innovation in a research report on Friday, February 10th. DA Davidson lifted their price objective on shares of Onto Innovation from $90.00 to $95.00 and gave the company a buy rating in a research report on Friday, February 10th. Finally, Needham & Company LLC boosted their price objective on shares of Onto Innovation from $75.00 to $92.00 and gave the company a buy rating in a report on Friday, February 10th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Onto Innovation has a consensus rating of Buy and a consensus target price of $96.00.
Onto Innovation Stock Down 1.4 %
ONTO stock traded down $1.26 during mid-day trading on Thursday, reaching $86.26. 662,175 shares of the stock traded hands, compared to its average volume of 245,747. The business has a 50-day moving average of $80.87 and a two-hundred day moving average of $74.32. The firm has a market capitalization of $4.21 billion, a PE ratio of 19.21 and a beta of 1.46. Onto Innovation has a 52 week low of $56.02 and a 52 week high of $92.76.
Institutional Trading of Onto Innovation
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ellevest Inc. boosted its position in Onto Innovation by 232.0% during the fourth quarter. Ellevest Inc. now owns 415 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 290 shares during the period. Wipfli Financial Advisors LLC bought a new stake in Onto Innovation during the 3rd quarter valued at $31,000. Public Employees Retirement System of Ohio raised its holdings in Onto Innovation by 51.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 516 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 175 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Onto Innovation during the 2nd quarter valued at $52,000. Finally, Quadrant Capital Group LLC raised its holdings in Onto Innovation by 19.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 791 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.
About Onto Innovation
Onto Innovation, Inc engages in designing, developing and manufacturing process control systems. It offers process control, combining global scale with an expanded portfolio of technologies that include: 3D metrology spanning the chip from nanometer-scale transistors to micron-level die-interconnects, macro defect inspection of wafers and packages, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging.
- Get a free copy of the StockNews.com research report on Onto Innovation (ONTO)
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