2 weeks Ago By Defense World Staff
Cerity Partners LLC decreased its position in Onto Innovation Inc. (NYSE:ONTO – Free Report) by 64.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The firm owned 1,659 shares of the semiconductor company’s stock after selling 3,004 shares during the period. Cerity Partners LLC’s holdings in Onto Innovation were worth $277,000 at the end of the most recent quarter. Several other large investors also recently modified their holdings of ONTO.
Kestra Investment Management LLC acquired a new position in Onto Innovation in the 4th quarter worth $26,000. Mather Group LLC. lifted its position in shares of Onto Innovation by 209.
4% in the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 111 shares in the last quarter.
Versant Capital Management Inc boosted its holdings in Onto Innovation by 532.4% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 197 shares during the last quarter.
SBI Securities Co. Ltd. bought a new position in Onto Innovation in the fourth quarter valued at $43,000.
Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Onto Innovation in the 4th quarter valued at about $47,000. 98.35% of the stock is currently owned by institutional investors.
Onto Innovation Stock Up 5.1 %Shares of Onto Innovation stock opened at $120.03 on Thursday.
Onto Innovation Inc. has a 12-month low of $98.21 and a 12-month high of $238.
93. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 29.
56, a PEG ratio of 0.89 and a beta of 1.46.
The firm’s 50-day moving average price is $132.46 and its two-hundred day moving average price is $167.44.
Onto Innovation (NYSE:ONTO – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.
41 by $0.10. Onto Innovation had a net margin of 20.
43% and a return on equity of 14.24%. On average, sell-side analysts expect that Onto Innovation Inc.
will post 6.26 earnings per share for the current year. Wall Street Analyst Weigh InONTO has been the subject of a number of recent analyst reports.
Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Oppenheimer lowered their price target on shares of Onto Innovation from $240.
00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. StockNews.
com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Stifel Nicolaus lowered their price objective on Onto Innovation from $200.00 to $180.
00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, 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.
One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $218.13.
View Our Latest Analysis on Onto InnovationOnto Innovation Company Profile (Free Report)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.
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