Globeflex Capital L P acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,549 shares of the semiconductor company’s stock, valued at approximately $5,506,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC raised its holdings in Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 115 shares during the period. Millstone Evans Group LLC raised its stake in shares of Onto Innovation by 147.8% during the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 99 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of Onto Innovation during the second quarter valued at about $38,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Onto Innovation by 109.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.
Onto Innovation Trading Up 0.1%
Shares of ONTO opened at $293.68 on Monday. The firm’s 50-day moving average price is $304.92 and its 200-day moving average price is $263.86. The firm has a market capitalization of $14.41 billion, a price-to-earnings ratio of 110.41, a PEG ratio of 0.98 and a beta of 1.59. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. Onto Innovation Inc. has a 1-year low of $101.00 and a 1-year high of $386.46.
Wall Street Analyst Weigh In
Several research firms recently issued reports on ONTO. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $383.00 price target on shares of Onto Innovation in a research report on Friday, August 7th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Cantor Fitzgerald lifted their price objective on Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, Needham & Company LLC lifted their price objective on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Onto Innovation has an average rating of “Buy” and an average price target of $380.30.
View Our Latest Analysis on ONTO
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.
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