D.A. Davidson & CO. reduced its holdings in shares of Onto Innovation Inc. (NYSE:ONTO – Get Rating) by 6.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,367 shares of the semiconductor company's stock after selling 543 shares during the period. D.A. Davidson & CO.'s holdings in Onto Innovation were worth $727,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of ONTO. CWM LLC boosted its position in Onto Innovation by 186.1% in the 1st quarter. CWM LLC now owns 309 shares of the semiconductor company's stock valued at $27,000 after buying an additional 201 shares during the period. San Luis Wealth Advisors LLC purchased a new stake in shares of Onto Innovation in the first quarter valued at approximately $35,000. Signaturefd LLC boosted its holdings in shares of Onto Innovation by 144.8% in the first quarter. Signaturefd LLC now owns 448 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 265 shares during the period. Quadrant Capital Group LLC grew its stake in Onto Innovation by 71.9% in the first quarter. Quadrant Capital Group LLC now owns 660 shares of the semiconductor company's stock worth $57,000 after purchasing an additional 276 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Onto Innovation during the 4th quarter worth $72,000. Hedge funds and other institutional investors own 95.06% of the company's stock.
Get Onto Innovation alerts:Onto Innovation Trading Down 0.2 %
Shares of NYSE ONTO opened at $67.57 on Tuesday. Onto Innovation Inc. has a 12-month low of $59.95 and a 12-month high of $106.09. The stock's fifty day simple moving average is $75.41 and its two-hundred day simple moving average is $77.32. The stock has a market capitalization of $3.36 billion, a PE ratio of 17.92 and a beta of 1.36.
Onto Innovation (NYSE:ONTO – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.02. Onto Innovation had a return on equity of 16.52% and a net margin of 20.36%. The firm had revenue of $256.30 million during the quarter, compared to analysts' expectations of $241.80 million. During the same period in the prior year, the business posted $0.92 EPS. The firm's quarterly revenue was up 32.5% on a year-over-year basis. On average, equities analysts predict that Onto Innovation Inc. will post 5.27 earnings per share for the current fiscal year.Analysts Set New Price Targets
ONTO has been the subject of several research reports. B. Riley dropped their price target on Onto Innovation from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, June 15th. DA Davidson reaffirmed a "buy" rating on shares of Onto Innovation in a research note on Wednesday, July 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $110.00.
About Onto Innovation
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Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites.
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