Circle Wealth Management LLC Purchases 827 Shares of Onto Innovation Inc. (NYSE:ONTO)

Circle Wealth Management LLC raised its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,559 shares of the semiconductor company’s stock after purchasing an additional 827 shares during the period. Circle Wealth Management LLC’s holdings in Onto Innovation were worth $927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in Onto Innovation by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company’s stock valued at $2,680,000 after acquiring an additional 225 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Onto Innovation by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock valued at $416,863,000 after purchasing an additional 228,800 shares during the last quarter. Barclays PLC increased its position in 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 in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in Onto Innovation by 40.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 140,455 shares of the semiconductor company’s stock valued at $23,410,000 after purchasing an additional 40,290 shares during the last quarter. Finally, Argent Capital Management LLC acquired a new stake in Onto Innovation in the fourth quarter valued at approximately $437,000. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ONTO shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a report on Friday, February 7th. Jefferies Financial Group dropped their price objective on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating for the company in a report on Friday, March 28th. Oppenheimer reduced their target price on shares of Onto Innovation from $240.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $135.00 price objective (down previously from $250.00) on shares of Onto Innovation in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.75.

Onto Innovation Price Performance

ONTO opened at $125.38 on Thursday. The firm’s fifty day moving average price is $125.22 and its two-hundred day moving average price is $161.46. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 0.89 and a beta of 1.55. Onto Innovation Inc. has a 1 year low of $98.21 and a 1 year high of $238.93.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current 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.