Tudor Investment Corp ET AL Has $10.86 Million Stake in Onto Innovation Inc. (NYSE:ONTO)

Tudor Investment Corp ET AL decreased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 42.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,167 shares of the semiconductor company’s stock after selling 49,032 shares during the period. Tudor Investment Corp ET AL owned about 0.13% of Onto Innovation worth $10,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UMB Bank n.a. boosted its position in Onto Innovation by 22.8% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 74 shares during the last quarter. Bridge City Capital LLC increased its stake in shares of Onto Innovation by 1.0% in the 4th quarter. Bridge City Capital LLC now owns 8,165 shares of the semiconductor company’s stock valued at $1,361,000 after buying an additional 78 shares during the period. CIBC Asset Management Inc increased its stake in shares of Onto Innovation by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 81 shares during the period. Hunter Perkins Capital Management LLC increased its stake in shares of Onto Innovation by 3.9% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 90 shares during the period. Finally, Northwest & Ethical Investments L.P. increased its stake in shares of Onto Innovation by 9.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 1,150 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Trading Down 0.8 %

NYSE:ONTO opened at $124.56 on Tuesday. Onto Innovation Inc. has a 1 year low of $98.21 and a 1 year high of $238.93. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 0.89 and a beta of 1.46. The stock has a 50-day moving average price of $129.56 and a two-hundred day moving average price of $165.04.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ONTO. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Oppenheimer lowered their target price on Onto Innovation from $240.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Jefferies Financial Group lowered their target price on Onto Innovation from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Onto Innovation has an average rating of “Moderate Buy” and an average price target of $218.13.

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.