4,730 Shares in Onto Innovation Inc. (NYSE:ONTO) Purchased by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. bought a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,730 shares of the semiconductor company’s stock, valued at approximately $982,000.

A number of other large investors also recently made changes to their positions in ONTO. Quarry LP raised its holdings in shares of Onto Innovation by 232.4% during the second quarter. Quarry LP now owns 113 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 79 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Onto Innovation by 675.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 124 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 108 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Onto Innovation during the 1st quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in shares of Onto Innovation by 41.1% during the 1st quarter. GAMMA Investing LLC now owns 292 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 85 shares during the last quarter. Finally, LGT Financial Advisors LLC grew its stake in shares of Onto Innovation by 58.1% in the 2nd quarter. LGT Financial Advisors LLC now owns 245 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analysts Set New Price Targets

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

Onto Innovation Trading Down 1.5 %

NYSE ONTO opened at $205.85 on Wednesday. Onto Innovation Inc. has a 1 year low of $108.98 and a 1 year high of $238.93. The company has a fifty day simple moving average of $203.99 and a 200 day simple moving average of $206.06. The company has a market cap of $10.14 billion, a P/E ratio of 73.26, a P/E/G ratio of 1.36 and a beta of 1.36.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, August 8th. The semiconductor company reported $1.32 earnings per share (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 firm had revenue of $242.33 million for the quarter, compared to analyst estimates of $235.43 million. During the same quarter last year, the firm posted $0.79 EPS. The company’s revenue was up 27.1% on a year-over-year basis. Equities research analysts forecast that Onto Innovation Inc. will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Onto Innovation news, SVP Srinivas Vedula sold 1,275 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $207.24, for a total value of $264,231.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by insiders.

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.