Fort Washington Investment Advisors Inc. OH Grows Stock Position in Onto Innovation Inc. (NYSE:ONTO)

Fort Washington Investment Advisors Inc. OH boosted its position in Onto Innovation Inc. (NYSE:ONTO) by 40.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,455 shares of the semiconductor company’s stock after buying an additional 40,290 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.28% of Onto Innovation worth $23,410,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ONTO. Magnetar Financial LLC increased its stake in shares of Onto Innovation by 4.0% during the second quarter. Magnetar Financial LLC now owns 1,622 shares of the semiconductor company’s stock worth $356,000 after acquiring an additional 63 shares during the period. UMB Bank n.a. boosted its holdings in Onto Innovation by 22.8% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 74 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in Onto Innovation by 7.8% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 76 shares in the last quarter. Quarry LP increased its position in Onto Innovation by 232.4% during the 2nd quarter. Quarry LP now owns 113 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 79 shares during the period. Finally, Hunter Perkins Capital Management LLC raised its stake in shares of Onto Innovation by 3.6% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 2,325 shares of the semiconductor company’s stock worth $483,000 after buying an additional 80 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Needham & Company LLC decreased their price target on Onto Innovation from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Oppenheimer restated an “outperform” rating and set a $275.00 target price on shares of Onto Innovation in a research report on Tuesday, December 17th. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, November 1st. Cantor Fitzgerald started coverage on shares of Onto Innovation in a report on Monday, January 13th. They set an “overweight” rating and a $250.00 price objective on the stock. Finally, Jefferies Financial Group lowered their target price on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation currently has an average rating of “Moderate Buy” and an average target price of $253.75.

Onto Innovation Trading Up 2.3 %

Shares of ONTO opened at $224.76 on Thursday. Onto Innovation Inc. has a 12-month low of $145.15 and a 12-month high of $238.93. The stock has a market cap of $11.10 billion, a P/E ratio of 60.91, a PEG ratio of 1.12 and a beta of 1.29. The company has a 50-day moving average of $175.80 and a two-hundred day moving average of $191.58.

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

Insider Activity

In other news, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the transaction, the senior vice president now owns 15,223 shares of the company’s stock, valued at $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael P. Plisinski sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $211.24, for a total transaction of $6,337,200.00. Following the sale, the chief executive officer now owns 185,492 shares in the company, valued at approximately $39,183,330.08. This trade represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock worth $18,182,185 over the last three months. 0.72% of the stock is currently owned by corporate insiders.

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.