Legato Capital Management LLC Sells 3,525 Shares of Onto Innovation Inc. (NYSE:ONTO)

Legato Capital Management LLC trimmed its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,357 shares of the semiconductor company’s stock after selling 3,525 shares during the quarter. Legato Capital Management LLC’s holdings in Onto Innovation were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Mather Group LLC. lifted its holdings in Onto Innovation by 209.4% in the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock worth $27,000 after buying an additional 111 shares during the period. Versant Capital Management Inc raised its holdings in shares of Onto Innovation by 532.4% during the fourth 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 in the last quarter. Berbice Capital Management LLC purchased a new stake in Onto Innovation in the fourth quarter worth $50,000. Eastern Bank bought a new stake in Onto Innovation in the third quarter valued at $65,000. Finally, UMB Bank n.a. increased its position in Onto Innovation by 22.8% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 74 shares during the period. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Trading Down 4.2 %

Onto Innovation stock opened at $168.61 on Thursday. Onto Innovation Inc. has a 12 month low of $145.15 and a 12 month high of $238.93. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. The business’s fifty day simple moving average is $186.33 and its two-hundred day simple moving average is $189.90.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.41%. On average, equities research analysts predict that Onto Innovation Inc. will post 6.46 EPS for the current year.

Insider Transactions at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the transaction, the senior vice president now owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the transaction, the chief executive officer now 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 90 days, insiders have sold 85,827 shares of company stock worth $18,182,185. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ONTO shares. Oppenheimer reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Onto Innovation in a research report on Tuesday, December 17th. Stifel Nicolaus cut their price objective on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. StockNews.com downgraded Onto Innovation from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Financial Group lowered their target price on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Onto Innovation currently has an average rating of “Moderate Buy” and an average price target of $251.25.

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.