Sei Investments Co. Grows Stake in Onto Innovation Inc. (NYSE:ONTO)

Sei Investments Co. grew its position in Onto Innovation Inc. (NYSE:ONTO) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,179 shares of the semiconductor company’s stock after buying an additional 8,086 shares during the quarter. Sei Investments Co.’s holdings in Onto Innovation were worth $34,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Onto Innovation in the fourth quarter valued at about $26,000. Mather Group LLC. increased its position in 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 during the period. Versant Capital Management Inc raised its holdings in shares of Onto Innovation by 532.4% in 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. SBI Securities Co. Ltd. purchased a new stake in shares of Onto Innovation in the 4th quarter worth approximately $43,000. Finally, Berbice Capital Management LLC bought a new position in shares of Onto Innovation during the fourth quarter valued at approximately $50,000. Institutional investors own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ONTO shares. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. Stifel Nicolaus reduced their price target on Onto Innovation from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Oppenheimer dropped their price objective on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of Onto Innovation in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.88.

Onto Innovation Stock Up 3.9 %

ONTO opened at $140.87 on Tuesday. The company has a market cap of $6.94 billion, a P/E ratio of 34.70, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The firm’s 50-day moving average price is $170.88 and its 200-day moving average price is $180.19. Onto Innovation Inc. has a 52-week low of $121.47 and a 52-week high of $238.93.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. On average, research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Srinivas Vedula sold 827 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total value of $169,535.00. Following the sale, the senior vice president now directly 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 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 on Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total transaction of $4,003,800.00. Following the transaction, the chief executive officer now directly owns 215,492 shares of the company’s stock, valued at approximately $43,139,343.48. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,827 shares of company stock worth $18,182,185 in the last 90 days. Insiders own 0.72% of the company’s stock.

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.