Onto Innovation Inc. (NYSE:ONTO) CFO Mark Slicer Sells 3,005 Shares

Onto Innovation Inc. (NYSE:ONTO) CFO Mark Slicer sold 3,005 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $125.14, for a total transaction of $376,045.70. Following the completion of the transaction, the chief financial officer now owns 13,111 shares in the company, valued at approximately $1,640,710.54. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Onto Innovation Stock Up 0.5 %

Shares of NYSE:ONTO opened at $124.98 on Tuesday. The firm has a 50-day simple moving average of $118.98 and a 200 day simple moving average of $102.90. The company has a market cap of $6.14 billion, a PE ratio of 35.61 and a beta of 1.36. Onto Innovation Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $142.26.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, August 10th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.04). The firm had revenue of $190.66 million for the quarter, compared to analyst estimates of $203.00 million. Onto Innovation had a net margin of 19.32% and a return on equity of 14.20%. The company’s revenue for the quarter was down 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, research analysts forecast that Onto Innovation Inc. will post 3.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ONTO has been the topic of a number of recent analyst reports. B. Riley boosted their price objective on shares of Onto Innovation from $135.00 to $140.00 in a report on Monday, July 17th. Benchmark boosted their target price on shares of Onto Innovation from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Jefferies Financial Group boosted their target price on shares of Onto Innovation from $100.00 to $123.00 in a research report on Monday, June 5th. StockNews.com initiated coverage on shares of Onto Innovation in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Needham & Company LLC downgraded shares of Onto Innovation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation has a consensus rating of “Moderate Buy” and a consensus target price of $118.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Onto Innovation in the 2nd quarter worth approximately $31,000. Pacer Advisors Inc. lifted its stake in shares of Onto Innovation by 637.7% in the 2nd quarter. Pacer Advisors Inc. now owns 391 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 338 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Onto Innovation by 51.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 516 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 175 shares during the period. CWM LLC lifted its stake in shares of Onto Innovation by 16.2% in the 2nd quarter. CWM LLC now owns 646 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 90 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Onto Innovation in the 2nd quarter worth approximately $78,000. 94.78% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Company Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It 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; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites.