Coldstream Capital Management Inc. Boosts Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

Coldstream Capital Management Inc. raised its holdings in Onto Innovation Inc. (NYSE:ONTO) by 26.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,052 shares of the semiconductor company’s stock after purchasing an additional 434 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Onto Innovation were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ONTO. Geode Capital Management LLC boosted its stake in shares of Onto Innovation by 1.6% in the third quarter. Geode Capital Management LLC now owns 834,345 shares of the semiconductor company’s stock valued at $173,401,000 after buying an additional 13,405 shares in the last quarter. M&T Bank Corp boosted its position in shares of Onto Innovation by 10.4% during the 3rd quarter. M&T Bank Corp now owns 15,271 shares of the semiconductor company’s stock worth $3,170,000 after purchasing an additional 1,443 shares in the last quarter. Barclays PLC grew its stake in shares of Onto Innovation by 1,296.7% during the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock worth $45,079,000 after purchasing an additional 201,640 shares during the period. MML Investors Services LLC lifted its stake in shares of Onto Innovation by 6.6% in the third quarter. MML Investors Services LLC now owns 3,718 shares of the semiconductor company’s stock valued at $772,000 after purchasing an additional 230 shares during the period. Finally, Main Management ETF Advisors LLC purchased a new stake in Onto Innovation during the third quarter worth about $966,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

ONTO has been the subject of a number of research reports. Oppenheimer lifted their price target on shares of Onto Innovation from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, November 1st. Needham & Company LLC cut their price target on Onto Innovation from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Jefferies Financial Group lowered their price objective on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Onto Innovation has an average rating of “Moderate Buy” and an average target price of $254.29.

Onto Innovation Trading Up 0.4 %

NYSE:ONTO opened at $167.09 on Friday. Onto Innovation Inc. has a 12-month low of $134.11 and a 12-month high of $238.93. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. The company’s 50-day moving average is $183.14 and its two-hundred day moving average is $198.60.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.03. The business had revenue of $252.20 million for the quarter, compared to the consensus estimate of $250.85 million. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, equities research analysts forecast that Onto Innovation Inc. will post 5.22 earnings per share for the current fiscal year.

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.