4,561 Shares in Onto Innovation Inc. $ONTO Bought by Havemeyer Place LP

Havemeyer Place LP bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,561 shares of the semiconductor company’s stock, valued at approximately $720,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of Onto Innovation by 20.6% during the fourth quarter. Parallel Advisors LLC now owns 339 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 58 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 74 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Onto Innovation by 1.9% during the third quarter. Advisors Asset Management Inc. now owns 5,059 shares of the semiconductor company’s stock worth $654,000 after acquiring an additional 93 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Onto Innovation by 44.5% during the fourth quarter. Blue Trust Inc. now owns 406 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 125 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in shares of Onto Innovation by 48.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 419 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ONTO shares. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Cantor Fitzgerald upped their target price on shares of Onto Innovation from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 6th. Stifel Nicolaus set a $350.00 target price on shares of Onto Innovation and gave the stock a “buy” rating in a research report on Friday, April 17th. Needham & Company LLC upped their price target on shares of Onto Innovation from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Onto Innovation in a research note on Friday. They set a “buy” rating and a $350.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $315.00.

Onto Innovation Stock Up 6.2%

Onto Innovation stock opened at $268.88 on Tuesday. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 125.65, a PEG ratio of 1.20 and a beta of 1.63. The firm’s fifty day moving average is $263.35 and its 200 day moving average is $213.76. Onto Innovation Inc. has a 52-week low of $89.40 and a 52-week high of $316.00.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The company had revenue of $291.95 million for the quarter, compared to the consensus estimate of $292.00 million. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. Onto Innovation’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 earnings per share. On average, equities research analysts anticipate that Onto Innovation Inc. will post 7.05 earnings per share for the current fiscal year.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.