YHB Investment Advisors Inc. Takes $226,000 Position in Onto Innovation Inc. (NYSE:ONTO)

YHB Investment Advisors Inc. acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,091 shares of the semiconductor company’s stock, valued at approximately $226,000.

Several other large investors have also recently added to or reduced their stakes in the company. Quarry LP raised its position in shares of Onto Innovation by 232.4% during the 2nd quarter. Quarry LP now owns 113 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 79 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Onto Innovation by 675.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 124 shares of the semiconductor company’s stock worth $27,000 after buying an additional 108 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Onto Innovation in the first quarter worth $28,000. LGT Financial Advisors LLC lifted its stake in Onto Innovation by 58.1% in the second quarter. LGT Financial Advisors LLC now owns 245 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 90 shares during the last quarter. Finally, Fifth Third Bancorp boosted 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 acquiring an additional 84 shares during the period. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ONTO shares. Stifel Nicolaus increased their price objective 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. Oppenheimer raised their price target on shares of Onto Innovation from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Needham & Company LLC upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research report on Monday, August 19th. Finally, Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $261.67.

Insider Activity

In related news, SVP Srinivas Vedula sold 1,275 shares of Onto Innovation stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $207.24, for a total transaction of $264,231.00. Following the transaction, the senior vice president now directly owns 16,050 shares of the company’s stock, valued at $3,326,202. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Onto Innovation Trading Up 0.8 %

ONTO stock opened at $202.89 on Friday. The firm’s 50-day moving average is $204.03 and its two-hundred day moving average is $206.02. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 72.20, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. Onto Innovation Inc. has a 52 week low of $108.98 and a 52 week high of $238.93.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, August 8th. The semiconductor company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.20 by $0.12. The firm had revenue of $242.33 million for the quarter, compared to analysts’ expectations of $235.43 million. Onto Innovation had a return on equity of 12.71% and a net margin of 18.50%. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share. On average, equities research analysts predict that Onto Innovation Inc. will post 5.18 earnings per share for the current 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.