DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Increases Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 100.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,698 shares of the semiconductor company’s stock after purchasing an additional 12,864 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.05% of Onto Innovation worth $4,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in Onto Innovation by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company’s stock worth $2,680,000 after acquiring an additional 225 shares during the period. JPMorgan Chase & Co. raised its holdings in Onto Innovation by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock worth $416,863,000 after purchasing an additional 228,800 shares during the period. Barclays PLC lifted its position in Onto Innovation by 1,296.7% during the third quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock valued at $45,079,000 after purchasing an additional 201,640 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Onto Innovation by 40.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 140,455 shares of the semiconductor company’s stock valued at $23,410,000 after purchasing an additional 40,290 shares during the period. Finally, Argent Capital Management LLC purchased a new stake in Onto Innovation in the fourth quarter worth about $437,000. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Down 30.2 %

ONTO opened at $88.50 on Friday. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $238.93. The firm has a 50-day simple moving average of $124.11 and a two-hundred day simple moving average of $160.08. The company has a market capitalization of $4.32 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. The business had revenue of $267.00 million during the quarter, compared to analysts’ expectations of $267.03 million. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. As a group, sell-side analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $135.00 price objective (down from $250.00) on shares of Onto Innovation in a research report on Monday, May 5th. Stifel Nicolaus lowered their price target on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. StockNews.com cut shares of Onto Innovation from a “hold” rating to a “sell” rating in a research note on Friday. Needham & Company LLC lowered their target price on shares of Onto Innovation from $230.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Oppenheimer cut their price target on Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $186.25.

About Onto Innovation

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.