Bridge City Capital LLC lowered its stake in shares of Onto Innovation Inc. (NYSE:ONTO – Get Rating) by 30.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,972 shares of the semiconductor company's stock after selling 21,603 shares during the quarter. Onto Innovation comprises approximately 2.0% of Bridge City Capital LLC's holdings, making the stock its 5th largest holding. Bridge City Capital LLC owned 0.10% of Onto Innovation worth $4,255,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pitcairn Co. increased its position in Onto Innovation by 1.7% during the fourth quarter. Pitcairn Co. now owns 8,163 shares of the semiconductor company's stock worth $826,000 after acquiring an additional 140 shares during the period. FourThought Financial LLC boosted its stake in Onto Innovation by 19.7% during the first quarter. FourThought Financial LLC now owns 1,144 shares of the semiconductor company's stock worth $99,000 after buying an additional 188 shares in the last quarter. CWM LLC boosted its stake in Onto Innovation by 186.1% during the first quarter. CWM LLC now owns 309 shares of the semiconductor company's stock worth $27,000 after buying an additional 201 shares in the last quarter. Signaturefd LLC boosted its stake in Onto Innovation by 144.8% during the first quarter. Signaturefd LLC now owns 448 shares of the semiconductor company's stock worth $39,000 after buying an additional 265 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Onto Innovation by 9.3% during the fourth quarter. Evergreen Capital Management LLC now owns 3,236 shares of the semiconductor company's stock worth $328,000 after buying an additional 275 shares in the last quarter. Institutional investors own 95.06% of the company's stock.
Get Onto Innovation alerts:Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. DA Davidson reiterated a "buy" rating on shares of Onto Innovation in a research note on Wednesday, July 27th. B. Riley decreased their price target on shares of Onto Innovation from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, June 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $110.00.
Onto Innovation Stock Performance
Shares of NYSE:ONTO opened at $70.60 on Wednesday. Onto Innovation Inc. has a 52 week low of $59.95 and a 52 week high of $106.09. The company's fifty day moving average is $75.50 and its 200-day moving average is $76.10. The company has a market capitalization of $3.51 billion, a PE ratio of 18.73 and a beta of 1.36.Onto Innovation (NYSE:ONTO – Get Rating) last issued its earnings results on Tuesday, August 9th. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.26 by $0.02. Onto Innovation had a net margin of 20.36% and a return on equity of 16.52%. The company had revenue of $256.30 million for the quarter, compared to the consensus estimate of $241.80 million. During the same quarter in the previous year, the company earned $0.92 EPS. The firm's revenue for the quarter was up 32.5% compared to the same quarter last year. On average, analysts forecast that Onto Innovation Inc. will post 5.27 EPS for the current year.
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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