Juncture Wealth Strategies LLC Sells 343 Shares of Onto Innovation Inc. (NYSE:ONTO)

Juncture Wealth Strategies LLC decreased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,329 shares of the semiconductor company’s stock after selling 343 shares during the period. Juncture Wealth Strategies LLC’s holdings in Onto Innovation were worth $1,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ONTO. UMB Bank n.a. increased its stake in Onto Innovation by 22.8% in the 4th quarter. UMB Bank n.a. now owns 398 shares of the semiconductor company’s stock worth $66,000 after buying an additional 74 shares during the period. Northwest & Ethical Investments L.P. grew its stake in Onto Innovation by 7.8% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,050 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 76 shares in the last quarter. Quarry LP grew its stake in Onto Innovation by 232.4% in the second quarter. Quarry LP now owns 113 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Hunter Perkins Capital Management LLC increased its holdings in Onto Innovation by 3.6% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 2,325 shares of the semiconductor company’s stock worth $483,000 after purchasing an additional 80 shares during the period. Finally, Huntington National Bank raised its position in Onto Innovation by 26.3% during the 3rd quarter. Huntington National Bank now owns 423 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Trading Down 1.7 %

ONTO opened at $213.26 on Friday. The firm has a market capitalization of $10.53 billion, a PE ratio of 57.79, a PEG ratio of 1.16 and a beta of 1.29. Onto Innovation Inc. has a twelve month low of $145.15 and a twelve month high of $238.93. The firm’s 50-day moving average price is $179.12 and its 200 day moving average price is $191.85.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. Onto Innovation had a return on equity of 13.38% and a net margin of 19.44%. The business had revenue of $252.20 million during the quarter, compared to analyst estimates of $250.85 million. During the same period in the prior year, the business earned $0.96 earnings per share. The business’s revenue was up 21.7% compared to the same quarter last year. As a group, analysts predict that Onto Innovation Inc. will post 5.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In other news, CEO Michael P. Plisinski sold 35,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $219.19, for a total transaction of $7,671,650.00. Following the sale, the chief executive officer now owns 150,492 shares of the company’s stock, valued at approximately $32,986,341.48. This represents a 18.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total transaction of $169,535.00. Following the completion of the transaction, the senior vice president now owns 15,223 shares of the company’s stock, valued at $3,120,715. This trade represents a 5.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,827 shares of company stock worth $18,182,185 in the last ninety days. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

ONTO has been the topic of several recent research reports. Cantor Fitzgerald began coverage on shares of Onto Innovation in a report on Monday, January 13th. They set an “overweight” rating and a $250.00 target price on the stock. Needham & Company LLC cut their price objective on shares of Onto Innovation from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Oppenheimer reaffirmed an “outperform” rating and set a $275.00 target price on shares of Onto Innovation in a report on Tuesday, December 17th. Jefferies Financial Group lowered their price target on shares of Onto Innovation from $265.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Benchmark restated a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $253.75.

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.