International Assets Investment Management LLC Sells 67 Shares of Onto Innovation Inc. (NYSE:ONTO)

International Assets Investment Management LLC lowered its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,959 shares of the semiconductor company’s stock after selling 67 shares during the quarter. International Assets Investment Management LLC’s holdings in Onto Innovation were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp grew its position in shares of Onto Innovation by 198.3% during the 4th quarter. Fifth Third Bancorp now owns 173 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 115 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Onto Innovation in the fourth quarter worth $28,000. GAMMA Investing LLC bought a new stake in shares of Onto Innovation in the fourth quarter valued at $33,000. Rise Advisors LLC purchased a new position in shares of Onto Innovation during the 1st quarter valued at $38,000. Finally, Operose Advisors LLC bought a new position in shares of Onto Innovation during the 3rd quarter worth $49,000. 98.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. B. Riley raised their price objective on shares of Onto Innovation from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday. Benchmark lifted their price target on Onto Innovation from $180.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Stifel Nicolaus increased their price objective on Onto Innovation from $188.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Needham & Company LLC restated a “hold” rating on shares of Onto Innovation in a research note on Friday, May 10th. Finally, Evercore ISI increased their price target on shares of Onto Innovation from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.00.

Insider Buying and Selling at Onto Innovation

In other news, SVP Srinivas Vedula sold 1,486 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $213.40, for a total transaction of $317,112.40. Following the transaction, the senior vice president now directly owns 17,433 shares in the company, valued at approximately $3,720,202.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Srinivas Vedula sold 1,486 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $213.40, for a total transaction of $317,112.40. Following the transaction, the senior vice president now directly owns 17,433 shares of the company’s stock, valued at $3,720,202.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Slicer sold 519 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $221.21, for a total value of $114,807.99. Following the transaction, the chief financial officer now owns 12,552 shares in the company, valued at $2,776,627.92. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Onto Innovation Stock Down 2.4 %

Shares of NYSE ONTO opened at $216.40 on Monday. The firm has a market capitalization of $10.66 billion, a P/E ratio of 77.01 and a beta of 1.43. The stock’s 50-day simple moving average is $210.54 and its two-hundred day simple moving average is $182.50. Onto Innovation Inc. has a twelve month low of $103.93 and a twelve month high of $238.13.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, May 9th. The semiconductor company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.08. Onto Innovation had a net margin of 16.43% and a return on equity of 11.48%. The business had revenue of $228.80 million for the quarter, compared to the consensus estimate of $222.60 million. During the same period last year, the firm posted $0.92 earnings per share. Onto Innovation’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, research analysts anticipate that Onto Innovation Inc. will post 5.05 EPS for the current fiscal year.

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.