Zacks Investment Management Has $510,000 Holdings in Onto Innovation Inc. (NYSE:ONTO)

Zacks Investment Management lessened its holdings in Onto Innovation Inc. (NYSE:ONTO) by 12.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,062 shares of the semiconductor company’s stock after selling 422 shares during the quarter. Zacks Investment Management’s holdings in Onto Innovation were worth $510,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Kestra Investment Management LLC acquired a new position in shares of Onto Innovation in the 4th quarter valued at $26,000. Mather Group LLC. increased its position in Onto Innovation by 209.4% in the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Onto Innovation by 532.4% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 197 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Onto Innovation in the fourth quarter valued at about $43,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Onto Innovation in the 4th quarter valued at about $47,000. Institutional investors own 98.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ONTO shares. Jefferies Financial Group decreased their target price on Onto Innovation from $245.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Stifel Nicolaus reduced their target price on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $218.13.

Onto Innovation Trading Up 0.0 %

Shares of ONTO opened at $114.92 on Friday. The stock has a market capitalization of $5.61 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The firm’s fifty day simple moving average is $135.91 and its two-hundred day simple moving average is $169.08. Onto Innovation Inc. has a 12 month low of $98.21 and a 12 month high of $238.93.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. As a group, research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Insider Buying and Selling

In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of Onto Innovation stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the completion of the transaction, the chief executive officer now owns 150,492 shares of the company’s stock, valued at $32,986,341.48. The trade was a 18.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Onto Innovation 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.