Lisanti Capital Growth LLC Has $927,000 Stock Holdings in Onto Innovation Inc. (NYSE:ONTO)

Lisanti Capital Growth LLC lowered its position in Onto Innovation Inc. (NYSE:ONTO) by 84.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,065 shares of the semiconductor company’s stock after selling 34,090 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Onto Innovation were worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ONTO. Vanguard Group Inc. increased its position in Onto Innovation by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company’s stock valued at $730,472,000 after acquiring an additional 27,695 shares during the period. Paradigm Capital Management Inc. NY increased its holdings in Onto Innovation by 0.4% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,182,689 shares of the semiconductor company’s stock valued at $150,817,000 after purchasing an additional 4,400 shares during the period. Invesco Ltd. raised its position in Onto Innovation by 113.7% during the 3rd quarter. Invesco Ltd. now owns 1,074,877 shares of the semiconductor company’s stock worth $137,068,000 after purchasing an additional 571,917 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Onto Innovation by 14,819.4% during the 4th quarter. International Assets Investment Management LLC now owns 615,575 shares of the semiconductor company’s stock worth $94,121,000 after buying an additional 611,449 shares during the period. Finally, Northern Trust Corp grew its position in shares of Onto Innovation by 0.8% in the 3rd quarter. Northern Trust Corp now owns 608,293 shares of the semiconductor company’s stock valued at $77,570,000 after buying an additional 4,583 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

Shares of ONTO stock traded up $2.69 during trading hours on Tuesday, reaching $211.34. The company had a trading volume of 740,270 shares, compared to its average volume of 433,779. The business has a fifty day simple moving average of $184.43 and a 200-day simple moving average of $159.98. Onto Innovation Inc. has a 12 month low of $84.17 and a 12 month high of $213.47. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 84.82 and a beta of 1.40.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. The firm had revenue of $219.00 million for the quarter, compared to the consensus estimate of $209.06 million. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. On average, equities research analysts expect that Onto Innovation Inc. will post 4.7 earnings per share for the current year.

Insider Buying and Selling at Onto Innovation

In other news, CEO Michael P. Plisinski sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total value of $7,019,200.00. Following the transaction, the chief executive officer now owns 235,492 shares in the company, valued at approximately $41,324,136.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael P. Plisinski sold 40,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the completion of the sale, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Brian Miller sold 2,800 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $170.49, for a total transaction of $477,372.00. Following the completion of the transaction, the director now directly owns 9,008 shares in the company, valued at $1,535,773.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,170 shares of company stock worth $8,266,955. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ONTO shares. Stifel Nicolaus lifted their price objective on Onto Innovation from $188.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Benchmark increased their target price on shares of Onto Innovation from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a report on Monday, February 12th. B. Riley increased their target price on Onto Innovation from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Evercore ISI began coverage on shares of Onto Innovation in a research note on Tuesday, April 16th. They set an “outperform” rating and a $235.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $191.60.

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.