15,372 Shares in Onto Innovation Inc. $ONTO Purchased by First National Bank of Omaha

First National Bank of Omaha purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the third quarter, HoldingsChannel.com reports. The firm purchased 15,372 shares of the semiconductor company’s stock, valued at approximately $1,986,000.

Several other large investors have also recently bought and sold shares of the stock. Westside Investment Management Inc. boosted its holdings in shares of Onto Innovation by 100.0% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 99 shares during the period. 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 valued at $36,000 after purchasing an additional 268 shares during the period. Harbor Investment Advisory LLC bought a new stake in Onto Innovation in the 3rd quarter valued at $37,000. Farther Finance Advisors LLC grew its holdings in Onto Innovation by 76.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 139 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Onto Innovation during the 3rd quarter worth $47,000. 98.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 15th. B. Riley Financial increased their target price on shares of Onto Innovation from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Stifel Nicolaus lifted their price target on shares of Onto Innovation from $180.00 to $215.00 and gave the company a “hold” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Finally, Evercore raised their price objective on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation has a consensus rating of “Moderate Buy” and an average target price of $211.25.

Onto Innovation Trading Up 0.4%

NYSE ONTO opened at $221.08 on Thursday. The firm’s 50 day simple moving average is $189.80 and its 200 day simple moving average is $148.10. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 62.45, a P/E/G ratio of 1.22 and a beta of 1.50. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $229.87.

Onto Innovation Profile

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.