Juncture Wealth Strategies LLC lessened its position in shares of Onto Innovation Inc. (NYSE:ONTO – Get Rating) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,899 shares of the semiconductor company’s stock after selling 1,384 shares during the period. Juncture Wealth Strategies LLC’s holdings in Onto Innovation were worth $830,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Onto Innovation by 186.1% during the 1st quarter. CWM LLC now owns 309 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. San Luis Wealth Advisors LLC bought a new position in shares of Onto Innovation in the 1st quarter valued at about $35,000. Signaturefd LLC grew its holdings in shares of Onto Innovation by 144.8% in the 1st quarter. Signaturefd LLC now owns 448 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 265 shares in the last quarter. Archer Investment Corp bought a new position in shares of Onto Innovation in the 1st quarter valued at about $56,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Onto Innovation by 71.9% in the 1st quarter. Quadrant Capital Group LLC now owns 660 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 95.06% of the company’s stock.
Wall Street Analysts Forecast Growth
ONTO has been the subject of several analyst reports. B. Riley decreased their price objective on Onto Innovation from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, June 15th. DA Davidson reiterated a “buy” rating on shares of Onto Innovation in a research note on Wednesday, July 27th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $110.00.
Onto Innovation Price Performance
Onto Innovation (NYSE:ONTO – Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.02. The business had revenue of $256.30 million for the quarter, compared to analysts’ expectations of $241.80 million. Onto Innovation had a net margin of 20.36% and a return on equity of 16.52%. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Equities analysts expect that Onto Innovation Inc. will post 5.27 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 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 macro-defect inspection, packaging lithography, probe card test and analysis, 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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