Juncture Wealth Strategies LLC Sells 343 Shares of Onto Innovation Inc. (NYSE:ONTO)

Juncture Wealth Strategies LLC trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,329 shares of the semiconductor company’s stock after selling 343 shares during the period. Juncture Wealth Strategies LLC’s holdings in Onto Innovation were worth $1,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP increased its stake in Onto Innovation by 232.4% in the 2nd quarter. Quarry LP now owns 113 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Onto Innovation by 675.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 124 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 108 shares during the last quarter. Versant Capital Management Inc grew its position in Onto Innovation by 532.4% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 197 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of Onto Innovation in the 4th quarter worth about $50,000. Finally, Eastern Bank purchased a new position in shares of Onto Innovation during the 3rd quarter valued at about $65,000. 98.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ONTO shares. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Onto Innovation in a report on Friday, November 1st. Oppenheimer reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Onto Innovation in a research note on Tuesday, December 17th. Jefferies Financial Group dropped their target price on Onto Innovation from $265.00 to $245.00 and set a “buy” rating for the company in a report on Friday, November 1st. Cantor Fitzgerald initiated coverage on Onto Innovation in a research note on Monday, January 13th. They set an “overweight” rating and a $250.00 price objective for the company. Finally, Needham & Company LLC dropped their price target on shares of Onto Innovation from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.75.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, CEO Michael P. Plisinski sold 35,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 150,492 shares in the company, valued at approximately $32,986,341.48. This represents a 18.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Srinivas Vedula sold 827 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total value of $169,535.00. Following the completion of the transaction, the senior vice president now directly owns 15,223 shares in the company, valued at approximately $3,120,715. This represents a 5.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,827 shares of company stock valued at $18,182,185. Insiders own 0.72% of the company’s stock.

Onto Innovation Trading Down 1.7 %

Shares of NYSE:ONTO opened at $213.26 on Friday. The stock has a fifty day simple moving average of $179.12 and a two-hundred day simple moving average of $191.85. Onto Innovation Inc. has a 12-month low of $145.15 and a 12-month high of $238.93. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 1.16 and a beta of 1.29.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.31 by $0.03. The company had revenue of $252.20 million for the quarter, compared to the consensus estimate of $250.85 million. Onto Innovation had a net margin of 19.44% and a return on equity of 13.38%. Onto Innovation’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. As a group, equities research analysts predict that Onto Innovation Inc. will post 5.22 EPS for the current year.

About Onto Innovation

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.