Kestra Investment Management LLC Purchases Shares of 154 Onto Innovation Inc. (NYSE:ONTO)

Kestra Investment Management LLC acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the 4th quarter, HoldingsChannel reports. The firm acquired 154 shares of the semiconductor company’s stock, valued at approximately $26,000.

Several other hedge funds also recently modified their holdings of ONTO. Blue Trust Inc. increased its holdings in Onto Innovation by 28,066.7% during the 3rd quarter. Blue Trust Inc. now owns 845 shares of the semiconductor company’s stock valued at $186,000 after purchasing an additional 842 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Onto Innovation by 106.7% in the third quarter. Raymond James & Associates now owns 23,324 shares of the semiconductor company’s stock valued at $4,841,000 after buying an additional 12,040 shares during the last quarter. Signaturefd LLC lifted its position in Onto Innovation by 33.2% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the semiconductor company’s stock worth $207,000 after buying an additional 249 shares in the last quarter. Eastern Bank bought a new stake in Onto Innovation during the 3rd quarter worth about $65,000. Finally, Private Advisor Group LLC increased its position in Onto Innovation by 17.1% in the 3rd quarter. Private Advisor Group LLC now owns 2,195 shares of the semiconductor company’s stock valued at $455,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the transaction, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. The trade was a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael P. Plisinski sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was 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 in the company, valued at approximately $43,139,343.48. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,827 shares of company stock valued at $18,182,185. Corporate insiders own 0.72% of the company’s stock.

Onto Innovation Stock Down 4.7 %

Shares of Onto Innovation stock opened at $159.23 on Friday. The business has a fifty day simple moving average of $186.90 and a 200 day simple moving average of $189.41. The stock has a market cap of $7.86 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.31. Onto Innovation Inc. has a 12 month low of $145.15 and a 12 month high of $238.93.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. Analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus decreased their price objective 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 cut Onto Innovation from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Oppenheimer cut their price target on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average 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.