Onto Innovation Inc. $ONTO Shares Sold by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT lessened its position in Onto Innovation Inc. (NYSE:ONTO) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,435 shares of the semiconductor company’s stock after selling 2,686 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Onto Innovation were worth $2,382,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ONTO. Westside Investment Management Inc. raised its stake in Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. lifted its stake in Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of Onto Innovation in the third quarter valued at approximately $37,000. Farther Finance Advisors LLC increased its holdings in shares of Onto Innovation by 76.8% in the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 139 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Onto Innovation in the 3rd quarter valued at $47,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Trading Up 1.1%

NYSE:ONTO opened at $216.99 on Tuesday. The stock has a fifty day moving average price of $187.59 and a 200 day moving average price of $146.70. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $229.87. The firm has a market cap of $10.63 billion, a PE ratio of 61.30, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49.

Analyst Ratings Changes

ONTO has been the topic of a number of analyst reports. Needham & Company LLC lifted their target price on shares of Onto Innovation from $200.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Cantor Fitzgerald upgraded Onto Innovation from a “neutral” rating to an “overweight” rating and set a $275.00 price objective for the company in a research report on Monday. Jefferies Financial Group raised their target price on Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, Evercore upped their price target on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.88.

Onto Innovation Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.