Onto Innovation Inc. (NYSE:ONTO) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in Onto Innovation Inc. (NYSE:ONTO) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,838 shares of the semiconductor company’s stock after acquiring an additional 879 shares during the period. Captrust Financial Advisors’ holdings in Onto Innovation were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ONTO. Norges Bank acquired a new stake in shares of Onto Innovation in the 4th quarter worth approximately $87,987,000. Artisan Partners Limited Partnership lifted its stake in shares of Onto Innovation by 41.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company’s stock worth $252,530,000 after acquiring an additional 444,860 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Onto Innovation by 72.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 870,250 shares of the semiconductor company’s stock worth $145,045,000 after acquiring an additional 364,853 shares during the period. Invesco Ltd. lifted its stake in shares of Onto Innovation by 33.9% in the 4th quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company’s stock worth $234,344,000 after acquiring an additional 356,161 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Onto Innovation by 21.2% in the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company’s stock worth $258,883,000 after acquiring an additional 271,470 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Price Performance

ONTO stock opened at $99.29 on Friday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $238.93. The firm has a market cap of $4.85 billion, a PE ratio of 24.46, a P/E/G ratio of 0.89 and a beta of 1.55. The firm has a 50 day simple moving average of $120.86 and a 200 day simple moving average of $156.41.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. The firm had revenue of $267.00 million during the quarter, compared to analyst estimates of $267.03 million. During the same quarter last year, the business posted $1.18 EPS. The company’s revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ONTO. Oppenheimer reduced their price target on shares of Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Jefferies Financial Group reduced their price target on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Cantor Fitzgerald reissued a “neutral” rating and set a $135.00 target price (down from $250.00) on shares of Onto Innovation in a research note on Monday, May 5th. Needham & Company LLC cut their target price on shares of Onto Innovation from $230.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, Benchmark cut their target price on shares of Onto Innovation from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Onto Innovation has an average rating of “Moderate Buy” and a consensus price target of $177.14.

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.