Katamaran Capital LLP Buys Shares of 14,440 Onto Innovation Inc. (NYSE:ONTO)

Katamaran Capital LLP bought a new stake in Onto Innovation Inc. (NYSE:ONTO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,440 shares of the semiconductor company’s stock, valued at approximately $2,407,000. Onto Innovation accounts for about 3.1% of Katamaran Capital LLP’s holdings, making the stock its 14th biggest position.

Several other institutional investors also recently modified their holdings of ONTO. Vanguard Group Inc. grew its stake in Onto Innovation by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,166,137 shares of the semiconductor company’s stock valued at $861,040,000 after acquiring an additional 76,233 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Onto Innovation by 9.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,192,238 shares of the semiconductor company’s stock valued at $365,380,000 after purchasing an additional 183,839 shares in the last quarter. Franklin Resources Inc. increased its stake in Onto Innovation by 21.2% during the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company’s stock worth $258,883,000 after purchasing an additional 271,470 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Onto Innovation by 41.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company’s stock worth $252,530,000 after buying an additional 444,860 shares during the period. Finally, State Street Corp lifted its stake in Onto Innovation by 2.8% in the third quarter. State Street Corp now owns 1,469,969 shares of the semiconductor company’s stock valued at $305,107,000 after buying an additional 39,367 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of Onto Innovation in a report on Friday, February 7th. StockNews.com upgraded Onto Innovation from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Oppenheimer reduced their price objective on Onto Innovation from $275.00 to $240.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus set a $200.00 target price on Onto Innovation and gave the company a “buy” rating in a research report on Friday, March 28th. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Onto Innovation in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $231.88.

Insider Buying and Selling

In other Onto Innovation news, SVP Srinivas Vedula sold 827 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $205.00, for a total value of $169,535.00. Following the transaction, the senior vice president now directly owns 15,223 shares of the company’s stock, valued at $3,120,715. This represents a 5.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael P. Plisinski sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $219.19, for a total value of $7,671,650.00. Following the sale, the chief executive officer now owns 150,492 shares of the company’s stock, valued at approximately $32,986,341.48. This represents a 18.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,827 shares of company stock valued at $18,182,185. 0.72% of the stock is owned by insiders.

Onto Innovation Trading Down 4.7 %

NYSE:ONTO opened at $104.63 on Friday. The stock has a market capitalization of $5.16 billion, a PE ratio of 25.77, a P/E/G ratio of 0.89 and a beta of 1.29. Onto Innovation Inc. has a 1-year low of $98.21 and a 1-year high of $238.93. The firm has a fifty day simple moving average of $154.44 and a 200 day simple moving average of $176.24.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Onto Innovation had a net margin of 20.43% and a return on equity of 14.24%. On average, equities analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

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.