Braun Stacey Associates Inc. Sells 1,431 Shares of Onto Innovation Inc. (NYSE:ONTO)

Braun Stacey Associates Inc. lessened its stake in Onto Innovation Inc. (NYSE:ONTO) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,136 shares of the semiconductor company’s stock after selling 1,431 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.22% of Onto Innovation worth $18,190,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CWM LLC raised its stake in shares of Onto Innovation by 69.4% during the 3rd quarter. CWM LLC now owns 1,874 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 768 shares during the period. Creative Planning boosted its position in shares of Onto Innovation by 1.8% in the third quarter. Creative Planning now owns 28,215 shares of the semiconductor company’s stock valued at $5,856,000 after acquiring an additional 489 shares during the period. Blue Trust Inc. grew its stake in Onto Innovation by 28,066.7% during the third quarter. Blue Trust Inc. now owns 845 shares of the semiconductor company’s stock valued at $186,000 after acquiring an additional 842 shares in the last quarter. Raymond James & Associates increased its holdings in Onto Innovation by 106.7% during the 3rd quarter. Raymond James & Associates now owns 23,324 shares of the semiconductor company’s stock worth $4,841,000 after acquiring an additional 12,040 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Onto Innovation by 2.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,113 shares of the semiconductor company’s stock worth $4,175,000 after acquiring an additional 480 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Insider Activity at Onto Innovation

In related news, SVP Srinivas Vedula sold 827 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the transaction, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. This trade represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total value of $4,003,800.00. Following the transaction, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,827 shares of company stock worth $18,182,185. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $275.00 price target on shares of Onto Innovation in a report on Tuesday, December 17th. Jefferies Financial Group decreased their price objective on Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus cut their target price on Onto Innovation from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research note on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.25.

Onto Innovation Stock Performance

ONTO stock opened at $176.68 on Tuesday. The business’s 50-day moving average is $186.64 and its two-hundred day moving average is $189.62. Onto Innovation Inc. has a fifty-two week low of $145.15 and a fifty-two week high of $238.93. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 43.52, a P/E/G ratio of 1.09 and a beta of 1.31.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.41% and a net margin of 20.43%. Equities analysts predict that Onto Innovation Inc. will post 6.46 earnings per share for the current 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.