Signaturefd LLC Reduces Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

Signaturefd LLC reduced its position in Onto Innovation Inc. (NYSE:ONTO) by 18.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 690 shares of the semiconductor company’s stock after selling 154 shares during the quarter. Signaturefd LLC’s holdings in Onto Innovation were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ONTO. Fifth Third Bancorp raised its stake in Onto Innovation by 198.3% in the 4th quarter. Fifth Third Bancorp now owns 173 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 115 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of Onto Innovation during the 4th quarter valued at approximately $28,000. Huntington National Bank boosted its holdings in Onto Innovation by 70.3% in the 3rd quarter. Huntington National Bank now owns 247 shares of the semiconductor company’s stock worth $31,000 after buying an additional 102 shares during the period. Operose Advisors LLC purchased a new position in Onto Innovation in the 3rd quarter valued at approximately $49,000. Finally, Lindbrook Capital LLC grew its stake in Onto Innovation by 188.5% in the 4th quarter. Lindbrook Capital LLC now owns 577 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 377 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

Shares of ONTO opened at $190.22 on Tuesday. Onto Innovation Inc. has a 1-year low of $80.17 and a 1-year high of $199.72. The company has a market capitalization of $9.35 billion, a P/E ratio of 77.33 and a beta of 1.40. The firm’s 50 day simple moving average is $182.39 and its 200 day simple moving average is $157.63.

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

Insider Transactions at Onto Innovation

In related news, VP Yoon Ah Oh sold 2,685 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.96, for a total transaction of $467,082.60. Following the transaction, the vice president now directly owns 16,598 shares of the company’s stock, valued at approximately $2,887,388.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Onto Innovation news, CEO Michael P. Plisinski sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the completion of the sale, the chief executive officer now directly owns 235,492 shares in the company, valued at $41,324,136.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Yoon Ah Oh sold 2,685 shares of Onto Innovation stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.96, for a total value of $467,082.60. Following the completion of the transaction, the vice president now owns 16,598 shares in the company, valued at approximately $2,887,388.08. The disclosure for this sale can be found here. In the last three months, insiders sold 47,170 shares of company stock worth $8,266,955. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on ONTO. B. Riley raised their price target on Onto Innovation from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Benchmark upped their price target on Onto Innovation from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Stifel Nicolaus raised their price objective on shares of 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 initiated coverage on shares of Onto Innovation in a report on Tuesday, April 16th. They set an “outperform” rating and a $235.00 target price on the stock. Finally, StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Onto Innovation has an average rating of “Moderate Buy” and a consensus price target of $191.60.

Onto Innovation 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.