ING Groep NV Boosts Stock Position in Onto Innovation Inc. $ONTO

ING Groep NV grew its position in Onto Innovation Inc. (NYSE:ONTO) by 80.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,900 shares of the semiconductor company’s stock after purchasing an additional 43,300 shares during the period. ING Groep NV owned approximately 0.20% of Onto Innovation worth $12,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ONTO. NewEdge Advisors LLC increased its holdings in Onto Innovation by 312.5% in the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock worth $500,000 after buying an additional 3,122 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Onto Innovation by 76.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after acquiring an additional 208,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Onto Innovation by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock worth $19,810,000 after acquiring an additional 13,175 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Onto Innovation by 11.5% during the second quarter. KLP Kapitalforvaltning AS now owns 10,625 shares of the semiconductor company’s stock worth $1,072,000 after purchasing an additional 1,100 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Onto Innovation by 231.7% during the second quarter. CWM LLC now owns 3,334 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 2,329 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ONTO. Stifel Nicolaus upped their price target on shares of Onto Innovation from $126.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, January 14th. B. Riley Financial upped their target price on Onto Innovation from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Needham & Company LLC boosted their price target on Onto Innovation from $200.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 price objective on shares of Onto Innovation in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average price target of $193.75.

Onto Innovation Trading Up 2.1%

NYSE ONTO opened at $222.34 on Thursday. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 62.81, a PEG ratio of 1.20 and a beta of 1.50. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $229.87. The stock has a 50-day moving average of $184.17 and a 200 day moving average of $143.94.

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.