Nomura Holdings Inc. Acquires Shares of 6,554 Onto Innovation Inc. (NYSE:ONTO)

Nomura Holdings Inc. acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,554 shares of the semiconductor company’s stock, valued at approximately $1,092,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ONTO. UMB Bank n.a. increased its position in Onto Innovation by 22.8% during the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 74 shares during the period. Bridge City Capital LLC increased its position in Onto Innovation by 1.0% during the 4th quarter. Bridge City Capital LLC now owns 8,165 shares of the semiconductor company’s stock worth $1,361,000 after purchasing an additional 78 shares during the period. CIBC Asset Management Inc increased its position in Onto Innovation by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,533 shares of the semiconductor company’s stock worth $256,000 after purchasing an additional 81 shares during the period. Hunter Perkins Capital Management LLC increased its position in Onto Innovation by 3.9% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 2,415 shares of the semiconductor company’s stock worth $403,000 after purchasing an additional 90 shares during the period. Finally, Northwest & Ethical Investments L.P. increased its position in Onto Innovation by 9.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 1,150 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 100 shares during the period. 98.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on ONTO shares. Jefferies Financial Group dropped their target price on Onto Innovation from $245.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus lowered their price target on Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Cantor Fitzgerald restated a “neutral” rating and issued a $135.00 price target (down previously from $250.00) on shares of Onto Innovation in a report on Monday, May 5th. Finally, Benchmark lowered their price target on Onto Innovation from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and an average target price of $177.14.

Onto Innovation Stock Performance

Shares of NYSE:ONTO opened at $99.29 on Monday. The business’s fifty day moving average price is $120.86 and its two-hundred day moving average price is $155.76. The stock has a market cap of $4.85 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $238.93.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. The firm had revenue of $267.00 million for 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%. Onto Innovation’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. As a group, equities research analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

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.