Lazard Asset Management LLC Boosts Stake in Onto Innovation Inc. (NYSE:ONTO)

Lazard Asset Management LLC lifted its holdings in Onto Innovation Inc. (NYSE:ONTOGet Rating) by 226.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,320 shares of the semiconductor company’s stock after buying an additional 1,610 shares during the quarter. Lazard Asset Management LLC’s holdings in Onto Innovation were worth $161,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Signaturefd LLC raised its holdings in Onto Innovation by 144.8% during the first quarter. Signaturefd LLC now owns 448 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 265 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Onto Innovation by 71.9% during the first quarter. Quadrant Capital Group LLC now owns 660 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 276 shares during the last quarter. CWM LLC raised its holdings in Onto Innovation by 100.3% during the second quarter. CWM LLC now owns 619 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 310 shares during the last quarter. Chartwell Investment Partners LLC raised its holdings in Onto Innovation by 2.6% during the second quarter. Chartwell Investment Partners LLC now owns 13,069 shares of the semiconductor company’s stock worth $911,000 after purchasing an additional 325 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its holdings in Onto Innovation by 1.1% during the first quarter. Clark Capital Management Group Inc. now owns 30,517 shares of the semiconductor company’s stock worth $2,652,000 after purchasing an additional 339 shares during the last quarter. 95.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ONTO. Benchmark reduced their price objective on Onto Innovation to $85.00 in a report on Tuesday, November 1st. StockNews.com cut Onto Innovation from a “buy” rating to a “hold” rating in a report on Friday, November 4th. B. Riley cut their price target on Onto Innovation from $110.00 to $95.00 in a report on Friday, October 28th. Needham & Company LLC boosted their price target on Onto Innovation from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 28th. Finally, DA Davidson cut their price target on Onto Innovation to $90.00 in a report on Tuesday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

Onto Innovation Stock Down 1.2 %

Shares of NYSE:ONTO opened at $78.81 on Tuesday. The company has a market cap of $3.90 billion, a P/E ratio of 19.27 and a beta of 1.32. Onto Innovation Inc. has a 52 week low of $56.02 and a 52 week high of $106.09. The business has a fifty day simple moving average of $69.17 and a 200-day simple moving average of $72.68.

Onto Innovation Profile

(Get Rating)

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs 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.

Further Reading

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

Receive News & Ratings for Onto Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onto Innovation and related companies with MarketBeat.com's FREE daily email newsletter.