Aptus Capital Advisors LLC Trims Stake in Onto Innovation Inc. (NYSE:ONTO)

Aptus Capital Advisors LLC cut its stake in Onto Innovation Inc. (NYSE:ONTO) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 997 shares of the semiconductor company’s stock after selling 138 shares during the period. Aptus Capital Advisors LLC’s holdings in Onto Innovation were worth $219,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. QRG Capital Management Inc. raised its holdings in Onto Innovation by 2.7% in the second quarter. QRG Capital Management Inc. now owns 1,935 shares of the semiconductor company’s stock worth $425,000 after purchasing an additional 50 shares in the last quarter. Shaker Investments LLC OH increased its stake in shares of Onto Innovation by 1.7% during the second quarter. Shaker Investments LLC OH now owns 3,928 shares of the semiconductor company’s stock valued at $862,000 after purchasing an additional 64 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Onto Innovation by 40.2% during the second quarter. Fifth Third Bancorp now owns 293 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 84 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Onto Innovation by 41.1% in the 1st quarter. GAMMA Investing LLC now owns 292 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 85 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of Onto Innovation by 0.5% in the 4th quarter. Natixis Advisors L.P. now owns 17,473 shares of the semiconductor company’s stock worth $2,671,000 after buying an additional 90 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, SVP Srinivas Vedula sold 1,275 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $207.24, for a total value of $264,231.00. Following the transaction, the senior vice president now directly owns 16,050 shares in the company, valued at $3,326,202. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Onto Innovation Stock Up 0.7 %

ONTO opened at $188.00 on Thursday. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 66.90 and a beta of 1.39. The firm has a 50 day moving average price of $205.29 and a 200-day moving average price of $201.07. Onto Innovation Inc. has a twelve month low of $108.98 and a twelve month high of $238.93.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.12. The firm had revenue of $242.33 million for the quarter, compared to the consensus estimate of $235.43 million. Onto Innovation had a return on equity of 12.71% and a net margin of 18.50%. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. As a group, analysts expect that Onto Innovation Inc. will post 5.11 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on ONTO. Jefferies Financial Group assumed coverage on Onto Innovation in a report on Monday, May 13th. They issued a “buy” rating and a $265.00 target price on the stock. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a research report on Friday, August 9th. Stifel Nicolaus lifted their target price on shares of Onto Innovation from $240.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Evercore ISI increased their price target on shares of Onto Innovation from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Finally, B. Riley boosted 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, June 20th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $259.00.

About Onto Innovation

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.