Mount Yale Investment Advisors LLC Boosts Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

Mount Yale Investment Advisors LLC lifted its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,773 shares of the semiconductor company’s stock after buying an additional 117 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Onto Innovation were worth $389,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new stake in Onto Innovation during the first quarter valued at about $28,000. Rise Advisors LLC acquired a new position in shares of Onto Innovation in the 1st quarter valued at about $38,000. GAMMA Investing LLC grew its holdings in shares of Onto Innovation by 41.1% during 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 during the period. LGT Financial Advisors LLC increased its position in Onto Innovation by 58.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 245 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 90 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Onto Innovation by 43.0% in the fourth quarter. Parallel Advisors LLC now owns 366 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 110 shares during the period. 98.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ONTO has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research report on Friday, August 9th. Needham & Company LLC upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research note on Monday, August 19th. B. Riley boosted their price target on Onto Innovation from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Finally, Stifel Nicolaus lifted their price objective on shares of Onto Innovation from $240.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.00.

Insider Buying and Selling

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

Onto Innovation Trading Down 0.6 %

Onto Innovation stock opened at $199.34 on Wednesday. Onto Innovation Inc. has a 52 week low of $108.98 and a 52 week high of $238.93. The stock has a market cap of $9.82 billion, a P/E ratio of 70.94 and a beta of 1.37. The stock has a 50 day moving average of $195.17 and a 200-day moving average of $202.05.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $1.32 EPS for the quarter, beating 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 net margin of 18.50% and a return on equity of 12.71%. The firm’s revenue was up 27.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. As a group, equities analysts predict that Onto Innovation Inc. will post 5.18 earnings per share for the current fiscal year.

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.