New York State Teachers Retirement System lowered its stake in Onto Innovation Inc. (NYSE:ONTO – Free Report) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 80,850 shares of the semiconductor company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System owned 0.17% of Onto Innovation worth $7,105,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in Onto Innovation by 14.7% in the 4th quarter. ProShare Advisors LLC now owns 7,824 shares of the semiconductor company’s stock valued at $533,000 after acquiring an additional 1,005 shares during the period. Osterweis Capital Management Inc. boosted its stake in Onto Innovation by 37.4% during the 4th quarter. Osterweis Capital Management Inc. now owns 104,410 shares of the semiconductor company’s stock worth $7,109,000 after purchasing an additional 28,445 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its stake in Onto Innovation by 3.0% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 18,120 shares of the semiconductor company’s stock worth $1,234,000 after purchasing an additional 531 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Onto Innovation by 2.9% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 14,000 shares of the semiconductor company’s stock worth $1,230,000 after purchasing an additional 400 shares during the last quarter. Finally, Granahan Investment Management LLC boosted its stake in Onto Innovation by 18.7% during the 4th quarter. Granahan Investment Management LLC now owns 110,088 shares of the semiconductor company’s stock worth $7,496,000 after purchasing an additional 17,381 shares during the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.
Onto Innovation Trading Up 1.1 %
Shares of ONTO stock opened at $105.96 on Friday. The company’s 50-day moving average price is $107.68 and its 200-day moving average price is $90.68. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 26.42 and a beta of 1.39. Onto Innovation Inc. has a twelve month low of $56.02 and a twelve month high of $118.11.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on ONTO shares. StockNews.com started coverage on shares of Onto Innovation in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Jefferies Financial Group lifted their target price on shares of Onto Innovation from $100.00 to $123.00 in a research note on Monday, June 5th. B. Riley boosted their price target on shares of Onto Innovation from $135.00 to $140.00 in a research report on Monday, July 17th. Benchmark boosted their price target on shares of Onto Innovation from $97.00 to $118.00 in a research report on Friday, June 2nd. Finally, Needham & Company LLC cut shares of Onto Innovation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.33.
Insider Activity at Onto Innovation
In related news, SVP Robert Fiordalice sold 669 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $93.15, for a total value of $62,317.35. Following the sale, the senior vice president now directly owns 15,920 shares in the company, valued at approximately $1,482,948. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Onto Innovation news, SVP Robert Fiordalice sold 669 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $93.15, for a total transaction of $62,317.35. Following the sale, the senior vice president now directly owns 15,920 shares in the company, valued at $1,482,948. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Brian Miller sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $99.69, for a total transaction of $498,450.00. Following the sale, the director now owns 11,808 shares in the company, valued at $1,177,139.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,746 shares of company stock worth $1,200,485. Company insiders own 0.81% of the company’s stock.
About Onto Innovation
Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It 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; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites.
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