Segall Bryant & Hamill LLC Sells 66,830 Shares of Onto Innovation Inc. (NYSE:ONTO)

Segall Bryant & Hamill LLC decreased its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 58.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,834 shares of the semiconductor company’s stock after selling 66,830 shares during the period. Segall Bryant & Hamill LLC owned about 0.10% of Onto Innovation worth $5,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ONTO. Proficio Capital Partners LLC bought a new position in shares of Onto Innovation during the 4th quarter worth $252,000. HighTower Advisors LLC raised its position in Onto Innovation by 4.0% in the fourth quarter. HighTower Advisors LLC now owns 10,587 shares of the semiconductor company’s stock valued at $1,765,000 after purchasing an additional 403 shares during the period. Commonwealth Equity Services LLC lifted its stake in Onto Innovation by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company’s stock worth $2,680,000 after acquiring an additional 225 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Onto Innovation by 8.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 350,261 shares of the semiconductor company’s stock worth $58,378,000 after purchasing an additional 28,741 shares during the period. Finally, Xponance Inc. increased its holdings in shares of Onto Innovation by 5.6% in the 4th quarter. Xponance Inc. now owns 6,804 shares of the semiconductor company’s stock valued at $1,134,000 after acquiring an additional 360 shares during the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on ONTO shares. Oppenheimer dropped their price target on Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the company a “hold” rating in a research note on Tuesday, May 20th. Wall Street Zen upgraded Onto Innovation from a “sell” rating to a “hold” rating in a report on Saturday, May 17th. Cantor Fitzgerald lowered their price target on Onto Innovation from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Finally, Stifel Nicolaus cut their price target on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation has a consensus rating of “Moderate Buy” and a consensus price target of $141.67.

Onto Innovation Price Performance

NYSE:ONTO opened at $98.67 on Friday. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The company’s 50-day simple moving average is $97.69 and its 200 day simple moving average is $134.44. The firm has a market capitalization of $4.82 billion, a P/E ratio of 22.32, a PEG ratio of 0.64 and a beta of 1.45.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. Onto Innovation had a net margin of 21.36% and a return on equity of 14.85%. The business had revenue of $267.00 million during the quarter, compared to the consensus estimate of $267.03 million. During the same quarter in the previous year, the firm posted $1.18 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. 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.