Swiss National Bank Buys 900 Shares of Onto Innovation Inc. (NYSE:ONTO)

Swiss National Bank raised its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 97,141 shares of the semiconductor company’s stock after acquiring an additional 900 shares during the quarter. Swiss National Bank’s holdings in Onto Innovation were worth $16,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of Onto Innovation during the 4th quarter worth $26,000. Mather Group LLC. boosted its stake in shares of Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 197 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Onto Innovation during the 4th quarter worth $43,000. Finally, Berbice Capital Management LLC purchased a new position in shares of Onto Innovation during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ONTO. Needham & Company LLC restated a “buy” rating and set a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Oppenheimer lowered their target price on shares of Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $246.88.

Insider Activity at Onto Innovation

In other news, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,827 shares of company stock worth $18,182,185. Insiders own 0.72% of the company’s stock.

Onto Innovation Stock Down 2.3 %

Onto Innovation stock opened at $134.95 on Wednesday. The company’s 50-day moving average price is $175.14 and its 200-day moving average price is $181.77. Onto Innovation Inc. has a twelve month low of $121.47 and a twelve month high of $238.93. The company has a market cap of $6.65 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29.

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, sell-side analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

About Onto Innovation

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.