Amundi Sells 179,474 Shares of Onto Innovation Inc. (NYSE:ONTO)

Amundi decreased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 60.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,271 shares of the semiconductor company’s stock after selling 179,474 shares during the quarter. Amundi owned about 0.24% of Onto Innovation worth $19,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ONTO. Van ECK Associates Corp increased its holdings in shares of Onto Innovation by 28.5% during the third quarter. Van ECK Associates Corp now owns 586 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 130 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Onto Innovation by 25.3% during the third quarter. Crossmark Global Holdings Inc. now owns 3,805 shares of the semiconductor company’s stock valued at $790,000 after acquiring an additional 769 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Onto Innovation during the third quarter worth $1,426,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Onto Innovation during the third quarter worth $478,000. Finally, Victory Capital Management Inc. grew its holdings in Onto Innovation by 10.4% during the third quarter. Victory Capital Management Inc. now owns 119,134 shares of the semiconductor company’s stock worth $24,727,000 after buying an additional 11,228 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Oppenheimer decreased their price target on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a report on Friday, February 7th. Finally, StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $246.88.

Onto Innovation Trading Up 0.4 %

ONTO stock opened at $134.47 on Friday. The stock’s fifty day simple moving average is $178.22 and its two-hundred day simple moving average is $183.67. Onto Innovation Inc. has a 1-year low of $121.47 and a 1-year high of $238.93. The stock has a market cap of $6.63 billion, a P/E ratio of 33.12, a P/E/G ratio of 0.89 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a return on equity of 14.24% and a net margin of 20.43%. As a group, analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Srinivas Vedula sold 827 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following the sale, the senior vice president now owns 15,223 shares of the company’s stock, valued at approximately $3,120,715. This represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $200.19, for a total value of $4,003,800.00. Following the sale, the chief executive officer now directly owns 215,492 shares in the company, valued at $43,139,343.48. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock valued at $18,182,185 in the last 90 days. Insiders own 0.72% of the company’s stock.

Onto Innovation Company 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.