Onto Innovation Inc. (NYSE:ONTO) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC decreased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,649 shares of the semiconductor company’s stock after selling 358 shares during the period. FourThought Financial Partners LLC’s holdings in Onto Innovation were worth $252,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its position in shares of Onto Innovation by 198.3% in the fourth quarter. Fifth Third Bancorp now owns 173 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 115 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in Onto Innovation in the fourth quarter valued at about $28,000. Huntington National Bank boosted its holdings in Onto Innovation by 70.3% in the third quarter. Huntington National Bank now owns 247 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 102 shares during the last quarter. GAMMA Investing LLC bought a new position in Onto Innovation during the 4th quarter worth approximately $33,000. Finally, Operose Advisors LLC bought a new position in Onto Innovation during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insider Buying and Selling

In related news, Director David Brian Miller sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $170.49, for a total value of $477,372.00. Following the completion of the sale, the director now directly owns 9,008 shares in the company, valued at approximately $1,535,773.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Yoon Ah Oh sold 1,685 shares of Onto Innovation stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $180.00, for a total transaction of $303,300.00. Following the completion of the transaction, the vice president now directly owns 14,913 shares in the company, valued at $2,684,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Brian Miller sold 2,800 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $170.49, for a total transaction of $477,372.00. Following the transaction, the director now owns 9,008 shares in the company, valued at $1,535,773.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,170 shares of company stock valued at $8,266,955. Company insiders own 0.72% of the company’s stock.

Onto Innovation Trading Up 3.4 %

ONTO traded up $6.79 on Monday, hitting $207.59. 246,544 shares of the stock traded hands, compared to its average volume of 427,578. Onto Innovation Inc. has a 52 week low of $84.17 and a 52 week high of $210.11. The firm has a market capitalization of $10.20 billion, a PE ratio of 81.63 and a beta of 1.40. The business has a fifty day moving average price of $183.87 and a two-hundred day moving average price of $159.37.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. The company had revenue of $219.00 million for the quarter, compared to the consensus estimate of $209.06 million. During the same period in the previous year, the business earned $1.57 earnings per share. The company’s quarterly revenue was down 13.5% on a year-over-year basis. On average, equities research analysts forecast that Onto Innovation Inc. will post 4.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Stifel Nicolaus lifted their price target on Onto Innovation from $188.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Evercore ISI assumed coverage on Onto Innovation in a research report on Tuesday, April 16th. They set an “outperform” rating and a $235.00 price target on the stock. B. Riley raised their price objective on Onto Innovation from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Benchmark raised their target price on Onto Innovation from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.60.

Onto Innovation Company 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.