Banco Bilbao Vizcaya Argentaria S.A. Sells 281 Shares of Onto Innovation Inc. (NYSE:ONTO)

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,574 shares of the semiconductor company’s stock after selling 281 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Onto Innovation were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC acquired a new position in Onto Innovation in the fourth quarter valued at about $26,000. Mather Group LLC. grew its position in shares of Onto Innovation by 209.4% in the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Versant Capital Management Inc increased its stake in Onto Innovation by 532.4% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 197 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Onto Innovation during the 4th quarter worth approximately $43,000. Finally, Aster Capital Management DIFC Ltd bought a new position in Onto Innovation in the fourth quarter valued at approximately $47,000. Institutional investors own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ONTO shares. Oppenheimer dropped their price objective on shares of Onto Innovation from $240.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Stifel Nicolaus decreased their price objective on Onto Innovation from $200.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Needham & Company LLC restated a “buy” rating and issued a $230.00 target price on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Jefferies Financial Group decreased their price target on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, March 28th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Onto Innovation Price Performance

Shares of ONTO opened at $124.56 on Tuesday. The firm has a 50-day moving average of $129.56 and a 200-day moving average of $165.04. The company has a market cap of $6.08 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. Onto Innovation Inc. has a one year low of $98.21 and a one year high of $238.93.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. Analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Onto Innovation Company Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.