Hunter Perkins Capital Management LLC Buys 90 Shares of Onto Innovation Inc. (NYSE:ONTO)

Hunter Perkins Capital Management LLC lifted its position in Onto Innovation Inc. (NYSE:ONTO) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,415 shares of the semiconductor company’s stock after buying an additional 90 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Onto Innovation were worth $403,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its position in Onto Innovation by 232.4% during the second 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. lifted its stake in shares of 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. Versant Capital Management Inc boosted its holdings in shares of Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after buying an additional 197 shares during the period. Berbice Capital Management LLC acquired a new position in Onto Innovation in the 4th quarter valued at about $50,000. Finally, Eastern Bank acquired a new position in Onto Innovation in the 3rd quarter valued at about $65,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the sale, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael P. Plisinski sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total value of $4,003,800.00. Following the transaction, the chief executive officer now directly owns 215,492 shares of the company’s stock, valued at approximately $43,139,343.48. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock valued at $18,182,185 over the last three months. 0.72% of the stock is owned by insiders.

Onto Innovation Stock Performance

ONTO opened at $213.26 on Monday. The firm has a market cap of $10.53 billion, a P/E ratio of 57.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29. The business’s fifty day moving average is $179.12 and its 200-day moving average is $191.55. Onto Innovation Inc. has a 52-week low of $145.15 and a 52-week high of $238.93.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. The firm had revenue of $252.20 million for the quarter, compared to the consensus estimate of $250.85 million. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. On average, research analysts predict that Onto Innovation Inc. will post 5.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ONTO shares. Jefferies Financial Group reduced their price objective on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, November 1st. Needham & Company LLC lowered their price objective on Onto Innovation from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Oppenheimer reissued an “outperform” rating and set a $275.00 target price on shares of Onto Innovation in a report on Tuesday, December 17th. Finally, Cantor Fitzgerald initiated coverage on shares of Onto Innovation in a research note on Monday, January 13th. They issued an “overweight” rating and a $250.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Onto Innovation has an average rating of “Moderate Buy” and a consensus target price of $253.75.

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.