7,096 Shares in Onto Innovation Inc. (NYSE:ONTO) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,096 shares of the semiconductor company’s stock, valued at approximately $1,558,000.

Several other large investors have also recently modified their holdings of ONTO. Vanguard Group Inc. raised its position in shares of Onto Innovation by 1.3% during the first quarter. Vanguard Group Inc. now owns 5,254,287 shares of the semiconductor company’s stock worth $951,446,000 after acquiring an additional 65,472 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Onto Innovation by 64.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 946,879 shares of the semiconductor company’s stock valued at $144,779,000 after purchasing an additional 371,641 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Onto Innovation by 28.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 856,780 shares of the semiconductor company’s stock worth $188,115,000 after purchasing an additional 189,769 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Onto Innovation by 13.0% in the 4th quarter. Wellington Management Group LLP now owns 844,623 shares of the semiconductor company’s stock worth $129,143,000 after purchasing an additional 96,925 shares during the period. Finally, Hood River Capital Management LLC lifted its position in shares of Onto Innovation by 6.9% in the 1st quarter. Hood River Capital Management LLC now owns 672,230 shares of the semiconductor company’s stock worth $121,727,000 after purchasing an additional 43,132 shares during the period. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Trading Up 1.4 %

NYSE:ONTO opened at $192.05 on Wednesday. Onto Innovation Inc. has a 12 month low of $108.98 and a 12 month high of $238.93. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of 68.35 and a beta of 1.37. The firm has a fifty day simple moving average of $198.54 and a two-hundred day simple moving average of $201.80.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.20 by $0.12. Onto Innovation had a return on equity of 12.71% and a net margin of 18.50%. The company had revenue of $242.33 million during the quarter, compared to the consensus estimate of $235.43 million. During the same period last year, the business posted $0.79 EPS. The firm’s revenue for the quarter was up 27.1% compared to the same quarter last year. Equities analysts predict that Onto Innovation Inc. will post 5.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In related news, SVP Srinivas Vedula sold 1,275 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $207.24, for a total value of $264,231.00. Following the transaction, the senior vice president now directly owns 16,050 shares in the company, valued at approximately $3,326,202. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

ONTO has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Onto Innovation from $240.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. B. Riley lifted their price objective on Onto Innovation from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a research note on Friday, August 9th. Finally, Needham & Company LLC raised Onto Innovation from a “hold” rating to a “buy” rating in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average price target of $259.00.

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.