SG Americas Securities LLC decreased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO – Free Report) by 80.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,188 shares of the semiconductor company’s stock after selling 9,059 shares during the quarter. SG Americas Securities LLC’s holdings in Onto Innovation were worth $283,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after buying an additional 268 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Onto Innovation by 76.8% in the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 139 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Onto Innovation by 206.9% in the second quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 389 shares during the period. SBI Securities Co. Ltd. increased its position in Onto Innovation by 148.5% during the second quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 401 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Onto Innovation by 13.9% during the second quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 104 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.
Onto Innovation Stock Performance
Onto Innovation stock opened at $208.46 on Wednesday. The firm has a market capitalization of $10.22 billion, a PE ratio of 58.89, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $227.07. The stock’s 50 day moving average price is $169.43 and its 200 day moving average price is $135.89.
Analysts Set New Price Targets
A number of research firms have recently commented on ONTO. Needham & Company LLC upped their price objective on Onto Innovation from $200.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Stifel Nicolaus raised their price objective on Onto Innovation from $126.00 to $180.00 and gave the stock a “hold” rating in a report on Wednesday, January 14th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Evercore ISI increased their target price on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Finally, B. Riley lifted their price target on shares of Onto Innovation from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.75.
Check Out Our Latest Research Report on Onto Innovation
About Onto Innovation
Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.
Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.
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