Oppenheimer & Co. Inc. Has $706,000 Stock Holdings in Onto Innovation Inc. $ONTO

Oppenheimer & Co. Inc. decreased its stake in Onto Innovation Inc. (NYSE:ONTO) by 57.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,475 shares of the semiconductor company’s stock after selling 6,018 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Onto Innovation were worth $706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ONTO. NewEdge Advisors LLC lifted its stake in Onto Innovation by 312.5% in the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock valued at $500,000 after purchasing an additional 3,122 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 purchasing an additional 208,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Onto Innovation by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock valued at $19,810,000 after purchasing an additional 13,175 shares during the last quarter. Cetera Investment Advisers lifted its stake in Onto Innovation by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 238 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Onto Innovation by 182.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,631 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 4,283 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ONTO shares. Weiss Ratings raised shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Jefferies Financial Group reissued a “buy” rating and issued a $350.00 price objective on shares of Onto Innovation in a research note on Wednesday. Oppenheimer set a $370.00 price objective on shares of Onto Innovation in a research note on Wednesday. Needham & Company LLC increased their price objective on shares of Onto Innovation from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, B. Riley Financial increased their price objective on shares of Onto Innovation from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Onto Innovation currently has a consensus rating of “Buy” and a consensus target price of $310.63.

Onto Innovation Stock Performance

ONTO stock opened at $274.27 on Friday. The company has a fifty day moving average price of $234.97 and a 200-day moving average price of $192.82. The company has a market capitalization of $13.64 billion, a P/E ratio of 128.16, a PEG ratio of 1.44 and a beta of 1.70. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $316.00.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $291.95 million during the quarter, compared to the consensus estimate of $292.00 million. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 earnings per share. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 6.82 earnings per share for the current fiscal year.

Onto Innovation Company 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.