Johnson Financial Group Inc. Invests $38,000 in Onto Innovation Inc. (NYSE:ONTO)

Johnson Financial Group Inc. purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 225 shares of the semiconductor company’s stock, valued at approximately $38,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Onto Innovation by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,166,137 shares of the semiconductor company’s stock valued at $861,040,000 after acquiring an additional 76,233 shares in the last quarter. JPMorgan Chase & Co. grew its position in Onto Innovation by 9.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,192,238 shares of the semiconductor company’s stock valued at $365,380,000 after purchasing an additional 183,839 shares during the last quarter. Franklin Resources Inc. increased its stake in Onto Innovation by 21.2% during the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company’s stock valued at $258,883,000 after purchasing an additional 271,470 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Onto Innovation by 41.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company’s stock worth $252,530,000 after buying an additional 444,860 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Onto Innovation by 33.9% in the fourth quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company’s stock worth $234,344,000 after buying an additional 356,161 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ONTO shares. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Oppenheimer dropped their price objective on Onto Innovation from $240.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Finally, Stifel Nicolaus dropped their price target on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Onto Innovation Price Performance

NYSE:ONTO opened at $121.71 on Wednesday. Onto Innovation Inc. has a one year low of $98.21 and a one year high of $238.93. The business has a fifty day moving average price of $128.65 and a 200-day moving average price of $164.74. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

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

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.