6,554 Shares in Onto Innovation Inc. (NYSE:ONTO) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the 4th quarter, Holdings Channel.com reports. The firm bought 6,554 shares of the semiconductor company’s stock, valued at approximately $1,092,000.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in shares of Onto Innovation by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,083 shares of the semiconductor company’s stock worth $2,680,000 after buying an additional 225 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 228,800 shares during the period. Barclays PLC raised its position in shares of Onto Innovation by 1,296.7% in the 3rd quarter. Barclays PLC now owns 217,190 shares of the semiconductor company’s stock worth $45,079,000 after buying an additional 201,640 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Onto Innovation by 40.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 140,455 shares of the semiconductor company’s stock worth $23,410,000 after buying an additional 40,290 shares during the period. Finally, Truist Financial Corp raised its position in shares of Onto Innovation by 35.6% in the 4th quarter. Truist Financial Corp now owns 1,605 shares of the semiconductor company’s stock worth $268,000 after buying an additional 421 shares during the period. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

Shares of Onto Innovation stock opened at $99.29 on Monday. The business has a 50-day moving average of $120.86 and a 200-day moving average of $155.76. The company has a market capitalization of $4.85 billion, a PE ratio of 24.46, a P/E/G ratio of 0.89 and a beta of 1.55. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $238.93.

Onto Innovation (NYSE:ONTO) last announced its 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 company had revenue of $267.00 million during the quarter, compared to the consensus estimate of $267.03 million. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm earned $1.18 earnings per share. On average, equities analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on ONTO shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $135.00 price objective (down from $250.00) on shares of Onto Innovation in a research report on Monday, May 5th. Jefferies Financial Group cut their price objective 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. Benchmark cut their price objective on Onto Innovation from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. StockNews.com raised Onto Innovation from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Oppenheimer cut their price objective on Onto Innovation from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.14.

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.