Oregon Public Employees Retirement Fund Has $1.62 Million Position in Onto Innovation Inc. (NYSE:ONTO)


Oregon Public Employees Retirement Fund reduced its holdings in Onto Innovation Inc. (NYSE:ONTO – Get Rating) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,621 shares of the semiconductor company’s stock after selling 255 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Onto Innovation were worth $1,618,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CWM LLC grew its position in shares of Onto Innovation by 186.1% in the first quarter. CWM LLC now owns 309 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Onto Innovation by 78.6% in the fourth quarter. Quadrant Capital Group LLC now owns 384 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 169 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Onto Innovation in the fourth quarter valued at about $72,000. UMB Bank NA MO acquired a new stake in shares of Onto Innovation in the fourth quarter valued at about $78,000. Finally, First Horizon Advisors Inc. grew its position in shares of Onto Innovation by 19.0% in the fourth quarter. First Horizon Advisors Inc. now owns 1,022 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 163 shares during the last quarter. 94.34% of the stock is currently owned by institutional investors.

ONTO has been the topic of several research analyst reports. StockNews.com began coverage on Onto Innovation in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. B. Riley reduced their target price on shares of Onto Innovation from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. Finally, Needham & Company LLC reduced their target price on shares of Onto Innovation from $115.00 to $100.00 in a research note on Wednesday, May 4th.

Shares of ONTO opened at $64.39 on Friday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 18.66 and a beta of 1.29. Onto Innovation Inc. has a 12 month low of $59.95 and a 12 month high of $106.09. The company has a 50-day moving average price of $72.88 and a two-hundred day moving average price of $81.70.

Onto Innovation (NYSE:ONTO – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The semiconductor company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.15. The firm had revenue of $241.35 million during the quarter, compared to analysts’ expectations of $232.00 million. Onto Innovation had a net margin of 19.93% and a return on equity of 15.81%. The company’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. On average, analysts expect that Onto Innovation Inc. will post 5.16 earnings per share for the current fiscal year.

Onto Innovation Profile (Get Rating)

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that perform macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites.

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Institutional Ownership by Quarter for Onto Innovation (NYSE:ONTO)



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