UMB Bank n.a. Has $66,000 Position in Onto Innovation Inc. (NYSE:ONTO)

UMB Bank n.a. grew its position in Onto Innovation Inc. (NYSE:ONTO) by 22.8% during the 4th quarter, Holdings Channel reports. The firm owned 398 shares of the semiconductor company’s stock after purchasing an additional 74 shares during the quarter. UMB Bank n.a.’s holdings in Onto Innovation were worth $66,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Onto Innovation by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 2,008,399 shares of the semiconductor company’s stock valued at $416,863,000 after buying an additional 228,800 shares in the last quarter. State Street Corp raised its stake in shares of 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 acquiring an additional 39,367 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Onto Innovation by 4.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,281,801 shares of the semiconductor company’s stock worth $288,320,000 after acquiring an additional 54,868 shares in the last quarter. Congress Asset Management Co. grew its position in Onto Innovation by 38.1% during the 3rd quarter. Congress Asset Management Co. now owns 1,072,796 shares of the semiconductor company’s stock worth $222,670,000 after acquiring an additional 295,869 shares during the last quarter. Finally, Geneva Capital Management LLC increased its holdings in Onto Innovation by 2.6% during the 3rd quarter. Geneva Capital Management LLC now owns 939,641 shares of the semiconductor company’s stock valued at $195,032,000 after purchasing an additional 23,628 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Insiders Place Their Bets

In other Onto Innovation news, CEO Michael P. Plisinski sold 20,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $200.19, for a total value of $4,003,800.00. Following the sale, the chief executive officer now directly owns 215,492 shares in the company, valued at approximately $43,139,343.48. This trade represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Srinivas Vedula sold 827 shares of Onto Innovation stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $205.00, for a total transaction of $169,535.00. Following 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 quarter, insiders have sold 85,827 shares of company stock worth $18,182,185. Insiders own 0.72% of the company’s stock.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $213.26 on Friday. Onto Innovation Inc. has a fifty-two week low of $145.15 and a fifty-two week high of $238.93. The firm has a market capitalization of $10.53 billion, a P/E ratio of 57.79, a P/E/G ratio of 1.16 and a beta of 1.29. The company’s 50 day simple moving average is $178.03 and its 200 day simple moving average is $191.98.

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

Analyst Upgrades and Downgrades

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

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.