Hunter Perkins Capital Management LLC Acquires 90 Shares of Onto Innovation Inc. (NYSE:ONTO)

Hunter Perkins Capital Management LLC boosted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,415 shares of the semiconductor company’s stock after purchasing an additional 90 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Onto Innovation were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ONTO. KBC Group NV lifted its position in Onto Innovation by 58.7% during the 4th quarter. KBC Group NV now owns 2,051 shares of the semiconductor company’s stock worth $342,000 after buying an additional 759 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Onto Innovation by 61.8% in the fourth quarter. Blue Trust Inc. now owns 1,367 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 522 shares during the last quarter. Tributary Capital Management LLC lifted its position in shares of Onto Innovation by 101.9% during the fourth quarter. Tributary Capital Management LLC now owns 6,091 shares of the semiconductor company’s stock worth $1,015,000 after purchasing an additional 3,074 shares in the last quarter. Zweig DiMenna Associates LLC grew its stake in shares of Onto Innovation by 0.7% during the fourth quarter. Zweig DiMenna Associates LLC now owns 27,400 shares of the semiconductor company’s stock valued at $4,567,000 after purchasing an additional 182 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Onto Innovation in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Price Performance

Shares of NYSE:ONTO opened at $213.26 on Monday. The firm’s 50 day simple moving average is $179.12 and its 200 day simple moving average is $191.55. Onto Innovation Inc. has a fifty-two week low of $145.15 and a fifty-two week high of $238.93. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 57.79, a P/E/G ratio of 1.16 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.03. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. The company had revenue of $252.20 million for the quarter, compared to analyst estimates of $250.85 million. During the same period last year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts expect that Onto Innovation Inc. will post 5.22 earnings per share for the current year.

Insiders Place Their Bets

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the transaction, the senior vice president now owns 15,223 shares of the company’s stock, valued at $3,120,715. This represents a 5.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael P. Plisinski sold 35,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the completion of the sale, the chief executive officer now owns 150,492 shares in the company, valued at $32,986,341.48. This trade represents a 18.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,827 shares of company stock worth $18,182,185. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ONTO shares. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a report on Friday, November 1st. Oppenheimer reaffirmed an “outperform” rating and set a $275.00 price target on shares of Onto Innovation in a research note on Tuesday, December 17th. Cantor Fitzgerald initiated coverage on Onto Innovation in a research report on Monday, January 13th. They issued an “overweight” rating and a $250.00 price objective for the company. Needham & Company LLC cut their target price on shares of Onto Innovation from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Jefferies Financial Group lowered their price target on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and a consensus target price of $253.75.

Onto Innovation Company 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.