Onto Innovation (NYSE:ONTO) Price Target Raised to $215.00 at Stifel Nicolaus

Onto Innovation (NYSE:ONTO) had its target price boosted by Stifel Nicolaus from $188.00 to $215.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other brokerages have also recently weighed in on ONTO. B. Riley upped 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. Benchmark increased their price target on Onto Innovation from $145.00 to $180.00 and gave the stock a buy rating in a research report on Friday, February 9th. Finally, StockNews.com raised Onto Innovation from a sell rating to a hold rating in a research report on Monday, February 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $180.75.

Onto Innovation Stock Performance

NYSE ONTO opened at $181.08 on Monday. The company has a market cap of $8.90 billion, a P/E ratio of 73.61 and a beta of 1.41. The business’s 50 day moving average price is $174.87 and its 200-day moving average price is $148.59. Onto Innovation has a fifty-two week low of $76.40 and a fifty-two week high of $199.72.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, February 8th. The semiconductor company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.07. Onto Innovation had a return on equity of 10.95% and a net margin of 14.85%. The firm had revenue of $219.00 million for the quarter, compared to the consensus estimate of $209.06 million. During the same quarter in the previous year, the company posted $1.57 EPS. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, equities analysts predict that Onto Innovation will post 4.7 EPS for the current year.

Insider Buying and Selling

In other Onto Innovation news, VP Yoon Ah Oh sold 1,685 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $180.00, for a total value of $303,300.00. Following the completion of the sale, the vice president now directly owns 14,913 shares in the company, valued at $2,684,340. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Onto Innovation news, VP Yoon Ah Oh sold 1,685 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $180.00, for a total value of $303,300.00. Following the completion of the sale, the vice president now directly owns 14,913 shares in the company, valued at $2,684,340. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael P. Plisinski sold 40,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $175.48, for a total value of $7,019,200.00. Following the completion of the sale, the chief executive officer now owns 235,492 shares of the company’s stock, valued at $41,324,136.16. The disclosure for this sale can be found here. Insiders sold 47,170 shares of company stock worth $8,266,955 in the last three months. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Onto Innovation by 0.5% in the third quarter. Vanguard Group Inc. now owns 5,728,291 shares of the semiconductor company’s stock worth $730,472,000 after purchasing an additional 27,695 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Onto Innovation by 14.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,891,994 shares of the semiconductor company’s stock worth $128,826,000 after purchasing an additional 239,310 shares during the last quarter. State Street Corp raised its stake in shares of Onto Innovation by 3.6% in the first quarter. State Street Corp now owns 1,687,670 shares of the semiconductor company’s stock worth $148,312,000 after purchasing an additional 58,146 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Onto Innovation by 55.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,666,438 shares of the semiconductor company’s stock worth $116,217,000 after acquiring an additional 592,920 shares during the period. Finally, Robeco Schweiz AG grew its holdings in Onto Innovation by 10.2% during the first quarter. Robeco Schweiz AG now owns 1,300,000 shares of the semiconductor company’s stock worth $112,957,000 after acquiring an additional 120,000 shares during the period. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

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.