Onto Innovation Inc. $ONTO Stock Holdings Increased by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in Onto Innovation Inc. (NYSE:ONTO) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 701,999 shares of the semiconductor company’s stock after purchasing an additional 45,997 shares during the quarter. Fisher Asset Management LLC owned 1.43% of Onto Innovation worth $110,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Onto Innovation by 31.2% during the third quarter. Principal Financial Group Inc. now owns 145,532 shares of the semiconductor company’s stock valued at $18,806,000 after purchasing an additional 34,567 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Onto Innovation by 64.9% in the third quarter. New York State Common Retirement Fund now owns 117,232 shares of the semiconductor company’s stock worth $15,149,000 after acquiring an additional 46,118 shares during the last quarter. EFG Asset Management North America Corp. acquired a new stake in shares of Onto Innovation in the third quarter worth $1,549,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Onto Innovation by 36.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,176 shares of the semiconductor company’s stock worth $6,613,000 after acquiring an additional 13,714 shares during the last quarter. Finally, Eagle Rock Investment Company LLC grew its stake in shares of Onto Innovation by 99.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 10,037 shares of the semiconductor company’s stock worth $1,584,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Analyst Ratings Changes

ONTO has been the topic of several research analyst reports. Oppenheimer set a $370.00 price objective on shares of Onto Innovation in a research note on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and set a $350.00 price objective on shares of Onto Innovation in a report on Wednesday, May 6th. Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Needham & Company LLC upped their target price on shares of Onto Innovation from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $350.00 price target on Onto Innovation and gave the company a “buy” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Onto Innovation has a consensus rating of “Buy” and an average target price of $310.63.

Onto Innovation Trading Down 0.1%

ONTO stock opened at $262.05 on Tuesday. The stock’s fifty day simple moving average is $250.91 and its two-hundred day simple moving average is $204.30. Onto Innovation Inc. has a 1-year low of $89.40 and a 1-year high of $316.00. The stock has a market cap of $13.03 billion, a P/E ratio of 122.45, a P/E/G ratio of 1.28 and a beta of 1.70.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Onto Innovation had a return on equity of 11.68% and a net margin of 10.32%.The firm had revenue of $291.95 million for the quarter, compared to analysts’ expectations of $292.00 million. During the same quarter in the prior year, the firm earned $1.51 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts forecast that Onto Innovation Inc. will post 6.83 earnings per share for the current fiscal year.

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.