Quantbot Technologies LP Sells 17,905 Shares of Onto Innovation Inc. (NYSE:ONTO)

Quantbot Technologies LP lessened its position in Onto Innovation Inc. (NYSE:ONTO) by 89.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,120 shares of the semiconductor company’s stock after selling 17,905 shares during the period. Quantbot Technologies LP’s holdings in Onto Innovation were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ONTO. Commonwealth Equity Services LLC raised its holdings in Onto Innovation by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company’s stock worth $2,680,000 after acquiring an additional 225 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Onto Innovation by 287.0% in the 3rd quarter. Cerity Partners LLC now owns 4,663 shares of the semiconductor company’s stock worth $968,000 after purchasing an additional 3,458 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Onto Innovation by 1.6% in the third quarter. Geode Capital Management LLC now owns 834,345 shares of the semiconductor company’s stock worth $173,401,000 after purchasing an additional 13,405 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Onto Innovation by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock valued at $416,863,000 after purchasing an additional 228,800 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Onto Innovation by 72.0% during the third quarter. HighTower Advisors LLC now owns 10,184 shares of the semiconductor company’s stock valued at $2,095,000 after buying an additional 4,263 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

ONTO has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research report on Friday, February 7th. Stifel Nicolaus set a $200.00 price objective on shares of Onto Innovation and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Jefferies Financial Group cut their target price on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating for the company in a research report on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $231.88.

Onto Innovation Price Performance

NYSE:ONTO opened at $121.99 on Friday. Onto Innovation Inc. has a one year low of $120.68 and a one year high of $238.93. The business has a fifty day moving average price of $164.57 and a 200-day moving average price of $178.83. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 30.05, 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, topping analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. On average, equities research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the sale, the senior vice president now owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the business’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 value of $4,003,800.00. Following the completion of the transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock valued at $18,182,185 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Onto Innovation Company Profile

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.