Sei Investments Co. Grows Stake in Onto Innovation Inc. (NYSE:ONTO)

Sei Investments Co. increased its holdings in Onto Innovation Inc. (NYSE:ONTO) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,179 shares of the semiconductor company’s stock after purchasing an additional 8,086 shares during the period. Sei Investments Co. owned 0.41% of Onto Innovation worth $34,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of Onto Innovation during the fourth quarter valued at approximately $26,000. Mather Group LLC. grew its stake in Onto Innovation by 209.4% during the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Versant Capital Management Inc increased its holdings in Onto Innovation by 532.4% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 197 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Onto Innovation in the 4th quarter worth $43,000. Finally, Berbice Capital Management LLC bought a new position in shares of Onto Innovation during the 4th quarter valued at about $50,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Up 3.9 %

ONTO stock opened at $140.87 on Tuesday. Onto Innovation Inc. has a twelve month low of $121.47 and a twelve month high of $238.93. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The firm’s fifty day simple moving average is $170.88 and its two-hundred day simple moving average is $180.19.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. As a group, equities research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several research reports. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Oppenheimer reduced their price target on shares of Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $246.88.

Insider Transactions at Onto Innovation

In other news, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the sale, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the completion of the transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at $43,139,343.48. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,827 shares of company stock worth $18,182,185. 0.72% of the stock is currently owned by company insiders.

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.