Analysts Set Onto Innovation Inc. (NYSE:ONTO) PT at $191.60

Onto Innovation Inc. (NYSE:ONTO) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $191.60.

A number of research firms have issued reports on ONTO. Benchmark lifted their target price on shares of Onto Innovation from $145.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Evercore ISI assumed coverage on shares of Onto Innovation in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $235.00 price objective for the company. B. Riley raised their target price on Onto Innovation from $195.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 9th. Stifel Nicolaus boosted their price target on Onto Innovation from $188.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a report on Monday, February 12th.

Insider Activity at Onto Innovation

In other news, CEO Michael P. Plisinski sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total value of $7,019,200.00. Following the completion of the transaction, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Onto Innovation news, VP Yoon Ah Oh sold 2,685 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $173.96, for a total transaction of $467,082.60. Following the sale, the vice president now directly owns 16,598 shares of the company’s stock, valued at $2,887,388.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the completion of the transaction, the chief executive officer now owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The disclosure for this sale can be found here. Insiders have sold a total of 47,170 shares of company stock valued at $8,266,955 over the last quarter. 0.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Onto Innovation by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company’s stock valued at $730,472,000 after acquiring an additional 27,695 shares during the last quarter. Paradigm Capital Management Inc. NY increased its position in shares of Onto Innovation by 0.4% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,182,689 shares of the semiconductor company’s stock valued at $150,817,000 after buying an additional 4,400 shares in the last quarter. Invesco Ltd. raised its stake in Onto Innovation by 113.7% during the 3rd quarter. Invesco Ltd. now owns 1,074,877 shares of the semiconductor company’s stock worth $137,068,000 after buying an additional 571,917 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Onto Innovation by 64.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 946,879 shares of the semiconductor company’s stock worth $144,779,000 after acquiring an additional 371,641 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Onto Innovation by 13.0% in the fourth quarter. Wellington Management Group LLP now owns 844,623 shares of the semiconductor company’s stock valued at $129,143,000 after acquiring an additional 96,925 shares during the period. 98.35% of the stock is owned by institutional investors.

Onto Innovation Trading Down 0.0 %

ONTO stock opened at $185.47 on Monday. The firm has a 50-day moving average of $183.07 and a two-hundred day moving average of $158.16. The firm has a market capitalization of $9.11 billion, a PE ratio of 75.39 and a beta of 1.40. Onto Innovation has a one year low of $80.17 and a one year high of $199.72.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. The business had revenue of $219.00 million for the quarter, compared to the consensus estimate of $209.06 million. During the same quarter in the previous year, the company posted $1.57 earnings per share. Onto Innovation’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that Onto Innovation will post 4.7 earnings per share for the current 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.