Signaturefd LLC Buys 249 Shares of Onto Innovation Inc. (NYSE:ONTO)

Signaturefd LLC raised its stake in Onto Innovation Inc. (NYSE:ONTO) by 33.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 999 shares of the semiconductor company’s stock after buying an additional 249 shares during the period. Signaturefd LLC’s holdings in Onto Innovation were worth $207,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Millennium Management LLC grew its position in shares of Onto Innovation by 304.9% during the 2nd quarter. Millennium Management LLC now owns 447,844 shares of the semiconductor company’s stock worth $98,329,000 after buying an additional 337,250 shares in the last quarter. Natixis Advisors LLC grew its holdings in Onto Innovation by 379.8% during the 2nd quarter. Natixis Advisors LLC now owns 245,144 shares of the semiconductor company’s stock worth $53,824,000 after acquiring an additional 194,056 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Onto Innovation by 28.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 856,780 shares of the semiconductor company’s stock valued at $188,115,000 after purchasing an additional 189,769 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Onto Innovation by 58.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 470,059 shares of the semiconductor company’s stock valued at $85,118,000 after purchasing an additional 174,010 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Onto Innovation in the 1st quarter worth approximately $29,420,000. 98.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on ONTO shares. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a report on Friday, August 9th. Needham & Company LLC raised Onto Innovation from a “hold” rating to a “buy” rating in a research report on Monday, August 19th. Oppenheimer upped their price objective on Onto Innovation from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus boosted their target price on shares of Onto Innovation from $240.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.67.

Insiders Place Their Bets

In related news, SVP Srinivas Vedula sold 1,275 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $207.24, for a total value of $264,231.00. Following the transaction, the senior vice president now directly owns 16,050 shares of the company’s stock, valued at $3,326,202. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

Onto Innovation Trading Up 0.7 %

Shares of ONTO opened at $204.39 on Monday. The firm has a market cap of $10.07 billion, a PE ratio of 72.74, a P/E/G ratio of 1.32 and a beta of 1.36. Onto Innovation Inc. has a 12 month low of $108.98 and a 12 month high of $238.93. The stock has a fifty day moving average price of $203.78 and a 200-day moving average price of $206.23.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.12. Onto Innovation had a return on equity of 12.71% and a net margin of 18.50%. The company had revenue of $242.33 million during the quarter, compared to analysts’ expectations of $235.43 million. During the same period last year, the business posted $0.79 earnings per share. The firm’s revenue was up 27.1% compared to the same quarter last year. As a group, research analysts forecast that Onto Innovation Inc. will post 5.18 EPS for the current year.

Onto Innovation 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.