Captrust Financial Advisors Has $806,000 Stake in Onto Innovation Inc. (NYSE:ONTO)

Captrust Financial Advisors increased its position in Onto Innovation Inc. (NYSE:ONTO) by 22.2% in the fourth quarter, HoldingsChannel reports. The firm owned 4,838 shares of the semiconductor company’s stock after acquiring an additional 879 shares during the period. Captrust Financial Advisors’ holdings in Onto Innovation were worth $806,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in Onto Innovation in the 4th quarter valued at approximately $26,000. Mather Group LLC. increased its stake in Onto Innovation by 209.4% in the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 111 shares during the period. Johnson Financial Group Inc. acquired a new position in Onto Innovation in the 4th quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new position in Onto Innovation in the 4th quarter valued at approximately $43,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Onto Innovation in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Trading Up 1.3%

NYSE:ONTO opened at $99.29 on Friday. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $238.93. The firm’s fifty day simple moving average is $120.86 and its 200 day simple moving average is $156.41. The firm has a market capitalization of $4.85 billion, a PE ratio of 24.46, a PEG ratio of 0.89 and a beta of 1.55.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. The business had revenue of $267.00 million for the quarter, compared to analyst estimates of $267.03 million. During the same period last year, the business posted $1.18 EPS. Onto Innovation’s revenue was up 16.5% compared to the same quarter last year. As a group, analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $135.00 price objective (down previously from $250.00) on shares of Onto Innovation in a research note on Monday, May 5th. Stifel Nicolaus dropped their price target on shares of Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Oppenheimer dropped their price target on shares of Onto Innovation from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Needham & Company LLC dropped their price target on shares of Onto Innovation from $230.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, Jefferies Financial Group reduced their price objective on shares of Onto Innovation from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.14.

Onto Innovation 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.