Aviva PLC Has $902,000 Holdings in Onto Innovation Inc. (NYSE:ONTO)

Aviva PLC lessened its stake in Onto Innovation Inc. (NYSE:ONTO – Get Rating) by 41.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,242 shares of the semiconductor company’s stock after selling 9,236 shares during the quarter. Aviva PLC’s holdings in Onto Innovation were worth $902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd boosted its holdings in Onto Innovation by 60.5% during the third quarter. Point72 Hong Kong Ltd now owns 1,207 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 455 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Onto Innovation by 80.8% during the third quarter. TD Asset Management Inc. now owns 29,282 shares of the semiconductor company’s stock worth $1,908,000 after purchasing an additional 13,082 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Onto Innovation by 14.7% during the fourth quarter. ProShare Advisors LLC now owns 7,824 shares of the semiconductor company’s stock worth $533,000 after purchasing an additional 1,005 shares during the last quarter. ARGA Investment Management LP acquired a new position in Onto Innovation during the third quarter worth $543,000. Finally, Campbell Newman Asset Management Inc. boosted its holdings in Onto Innovation by 3.0% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 18,120 shares of the semiconductor company’s stock worth $1,234,000 after purchasing an additional 531 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Insider Activity

In other news, SVP Robert Fiordalice sold 768 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $97.20, for a total value of $74,649.60. Following the transaction, the senior vice president now directly owns 15,152 shares of the company’s stock, valued at $1,472,774.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ONTO shares. Needham & Company LLC increased their target price on shares of Onto Innovation from $75.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, February 10th. StockNews.com initiated coverage on shares of Onto Innovation in a research report on Thursday. They set a “hold” rating on the stock. B. Riley upped their price target on shares of Onto Innovation from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Benchmark reaffirmed a “buy” rating and set a $92.00 price target (up from $85.00) on shares of Onto Innovation in a research report on Friday, February 10th. Finally, DA Davidson upped their price target on shares of Onto Innovation from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.80.

Onto Innovation Price Performance

Shares of ONTO opened at $100.42 on Monday. The firm has a market capitalization of $4.91 billion, a PE ratio of 25.04 and a beta of 1.46. The company’s 50-day moving average is $85.19 and its 200-day moving average is $80.29. Onto Innovation Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $101.57.

Onto Innovation (NYSE:ONTO – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. The company had revenue of $199.17 million for the quarter, compared to analyst estimates of $200.00 million. Onto Innovation had a net margin of 20.67% and a return on equity of 16.09%. The company’s revenue was down 17.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 earnings per share. Analysts predict that Onto Innovation Inc. will post 3.65 earnings per share for the current fiscal year.

Onto Innovation Company Profile

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Onto Innovation, Inc engages in designing, developing and manufacturing process control systems. It offers process control, combining global scale with an expanded portfolio of technologies that include: 3D metrology spanning the chip from nanometer-scale transistors to micron-level die-interconnects, macro defect inspection of wafers and packages, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging.