Shelton Capital Management cut its holdings in shares of Onto Innovation Inc. (NYSE:ONTO – Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,697 shares of the semiconductor company’s stock after selling 219 shares during the quarter. Shelton Capital Management’s holdings in Onto Innovation were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Onto Innovation during the 2nd quarter valued at $31,000. Public Employees Retirement System of Ohio boosted its stake in Onto Innovation by 51.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 516 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 175 shares during the period. Pacer Advisors Inc. boosted its stake in Onto Innovation by 637.7% in the 2nd quarter. Pacer Advisors Inc. now owns 391 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 338 shares during the period. Point72 Hong Kong Ltd purchased a new position in Onto Innovation during the 2nd quarter valued at about $52,000. Finally, CWM LLC increased its position in shares of Onto Innovation by 16.2% during the second quarter. CWM LLC now owns 646 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 90 shares during the period. Institutional investors own 94.78% of the company’s stock.
Onto Innovation Stock Up 0.9 %
NYSE ONTO opened at $136.21 on Tuesday. The stock’s 50-day simple moving average is $126.12 and its two-hundred day simple moving average is $116.46. Onto Innovation Inc. has a twelve month low of $65.61 and a twelve month high of $147.71. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 42.70 and a beta of 1.35.
Insiders Place Their Bets
In other Onto Innovation news, SVP Srinivas Vedula sold 1,469 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $137.00, for a total value of $201,253.00. Following the completion of the sale, the senior vice president now owns 17,976 shares in the company, valued at approximately $2,462,712. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Robert Fiordalice sold 7,049 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $125.19, for a total value of $882,464.31. Following the completion of the transaction, the senior vice president now directly owns 6,477 shares of the company’s stock, valued at $810,855.63. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Srinivas Vedula sold 1,469 shares of Onto Innovation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $137.00, for a total value of $201,253.00. Following the sale, the senior vice president now directly owns 17,976 shares in the company, valued at $2,462,712. The disclosure for this sale can be found here. Insiders have sold 11,523 shares of company stock valued at $1,459,763 in the last ninety days. Company insiders own 0.81% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ONTO. Benchmark restated a “buy” rating and issued a $145.00 price objective on shares of Onto Innovation in a research report on Friday, November 10th. StockNews.com lowered shares of Onto Innovation from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Stifel Nicolaus upped their price target on shares of Onto Innovation from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.17.
Onto Innovation Company Profile
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 optical metrology, macro-defect inspection, packaging lithography, 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.
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