One Capital Management LLC Purchases Shares of 14,779 Onto Innovation Inc. $ONTO

One Capital Management LLC purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,779 shares of the semiconductor company’s stock, valued at approximately $2,333,000.

Several other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in Onto Innovation by 4.6% during the fourth quarter. BNP Paribas Financial Markets now owns 224,523 shares of the semiconductor company’s stock valued at $35,443,000 after buying an additional 9,888 shares during the period. Norges Bank purchased a new stake in Onto Innovation during the fourth quarter valued at about $104,938,000. Eurizon Capital SGR S.p.A. purchased a new stake in Onto Innovation during the fourth quarter valued at about $167,000. Future Fund LLC purchased a new stake in Onto Innovation during the fourth quarter valued at about $2,325,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Onto Innovation during the fourth quarter valued at about $1,583,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ONTO. Evercore restated an “outperform” rating and set a $315.00 price target on shares of Onto Innovation in a research report on Friday, April 17th. B. Riley Financial upped their price target on shares of Onto Innovation from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Needham & Company LLC upped their price target on shares of Onto Innovation from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald upped their price objective on shares of Onto Innovation from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, April 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price objective on shares of Onto Innovation in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $310.63.

Onto Innovation Trading Up 8.6%

Shares of NYSE:ONTO opened at $277.82 on Wednesday. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 129.82, a price-to-earnings-growth ratio of 1.21 and a beta of 1.62. The company has a 50-day moving average price of $257.34 and a 200-day moving average price of $208.75. Onto Innovation Inc. has a 12 month low of $89.40 and a 12 month high of $316.00.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $291.95 million during the quarter, compared to the consensus estimate of $292.00 million. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 earnings per share. As a group, research analysts forecast that Onto Innovation Inc. will post 7.05 EPS for the current fiscal year.

Onto Innovation Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.