Calamos Advisors LLC Raises Position in Onto Innovation Inc. (NYSE:ONTO)

Calamos Advisors LLC boosted its stake in Onto Innovation Inc. (NYSE:ONTO) by 103.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,005 shares of the semiconductor company’s stock after buying an additional 13,735 shares during the period. Calamos Advisors LLC owned 0.06% of Onto Innovation worth $4,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in Onto Innovation by 198.3% in the fourth quarter. Fifth Third Bancorp now owns 173 shares of the semiconductor company’s stock worth $26,000 after buying an additional 115 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Onto Innovation in the fourth quarter worth about $28,000. Huntington National Bank lifted its holdings in Onto Innovation by 70.3% in the third quarter. Huntington National Bank now owns 247 shares of the semiconductor company’s stock worth $31,000 after buying an additional 102 shares during the period. Operose Advisors LLC purchased a new position in shares of Onto Innovation during the third quarter valued at approximately $49,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Onto Innovation by 51.3% during the third quarter. Public Employees Retirement System of Ohio now owns 516 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 175 shares during the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Onto Innovation news, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation stock in a transaction that occurred on 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 approximately $41,324,136.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Onto Innovation news, VP Yoon Ah Oh sold 1,685 shares of Onto Innovation stock in a transaction that occurred on Monday, March 18th. The shares were 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 owns 14,913 shares of the company’s stock, valued at approximately $2,684,340. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael P. Plisinski sold 40,000 shares of Onto Innovation stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $175.48, for a total transaction of $7,019,200.00. Following the completion of the sale, the chief executive officer now directly owns 235,492 shares of the company’s stock, valued at approximately $41,324,136.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,170 shares of company stock valued at $8,266,955. Company insiders own 0.72% of the company’s stock.

Onto Innovation Stock Down 4.6 %

Shares of ONTO opened at $169.39 on Friday. The company has a market capitalization of $8.32 billion, a P/E ratio of 68.86 and a beta of 1.40. The firm has a 50 day moving average of $181.80 and a 200 day moving average of $155.59. Onto Innovation Inc. has a twelve month low of $76.40 and a twelve month high of $199.72.

Onto Innovation (NYSE:ONTO) last announced its quarterly 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. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $209.06 million. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The firm’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. On average, sell-side analysts expect that Onto Innovation Inc. will post 4.7 EPS for the current year.

Analyst Upgrades and Downgrades

ONTO has been the subject of several recent research reports. Benchmark lifted their target price on shares of Onto Innovation from $145.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 9th. Evercore ISI initiated coverage on shares of Onto Innovation in a report on Tuesday, April 16th. They set an “outperform” rating and a $235.00 target price for the company. Stifel Nicolaus lifted their target price on shares of Onto Innovation from $188.00 to $215.00 and gave the company a “buy” rating in a report on Monday, March 25th. StockNews.com upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Finally, B. Riley lifted their target price on shares of Onto Innovation from $195.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $191.60.

Onto Innovation Company 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.