ING Groep NV Has $6.50 Million Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

ING Groep NV decreased its stake in Onto Innovation Inc. (NYSE:ONTO) by 31.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,000 shares of the semiconductor company’s stock after selling 18,300 shares during the period. ING Groep NV owned 0.08% of Onto Innovation worth $6,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ONTO. Kestra Investment Management LLC acquired a new stake in shares of Onto Innovation in the fourth quarter valued at about $26,000. Mather Group LLC. boosted its position in shares of Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 111 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 197 shares in the last quarter. Berbice Capital Management LLC bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $50,000. Finally, Eastern Bank bought a new stake in shares of Onto Innovation during the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Stock Down 4.7 %

ONTO stock opened at $159.23 on Friday. Onto Innovation Inc. has a twelve month low of $145.15 and a twelve month high of $238.93. The stock’s 50 day moving average is $187.06 and its 200-day moving average is $189.46. The firm has a market capitalization of $7.86 billion, a PE ratio of 39.22, a P/E/G ratio of 0.90 and a beta of 1.31.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. On average, equities research analysts anticipate that Onto Innovation Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the 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 sale, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total value of $4,003,800.00. Following the sale, the chief executive officer now directly owns 215,492 shares of the company’s stock, valued at $43,139,343.48. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ONTO has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on Onto Innovation from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. StockNews.com lowered Onto Innovation from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Finally, Oppenheimer cut their price target on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus price target of $246.88.

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.