Union Bancaire Privee UBP SA bought a new stake in shares of Onto Innovation Inc. (NYSE:ONTO – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 48,880 shares of the semiconductor company’s stock, valued at approximately $6,316,000.
Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group raised its position in Onto Innovation by 3,690.9% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 406 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Onto Innovation by 206.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 389 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Onto Innovation by 148.5% in the second quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 401 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Onto Innovation by 27.2% in the first quarter. Smartleaf Asset Management LLC now owns 697 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 149 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Onto Innovation by 13.9% during the second quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.
Onto Innovation Stock Down 1.1%
Onto Innovation stock opened at $154.27 on Wednesday. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The firm has a 50 day moving average price of $139.03 and a 200-day moving average price of $117.98. The company has a market capitalization of $7.56 billion, a P/E ratio of 43.58, a P/E/G ratio of 1.05 and a beta of 1.48.
Analyst Ratings Changes
ONTO has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Onto Innovation in a report on Tuesday, November 18th. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 price target on shares of Onto Innovation in a report on Tuesday. Finally, Evercore ISI boosted their price objective on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.00.
Get Our Latest Research Report on Onto Innovation
Onto Innovation 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.
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