Teacher Retirement System of Texas Increases Stock Holdings in Onto Innovation Inc. (NYSE:ONTO) – ETF Daily News
Teacher Retirement System of Texas increased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO – Get Rating) by 211.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,339 shares of the semiconductor company’s stock after purchasing an additional 16,520 shares during the period. Teacher Retirement System of Texas’ holdings in Onto Innovation were worth $1,559,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its holdings in shares of Onto Innovation by 19.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 791 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 131 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Onto Innovation by 0.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 64,366 shares of the semiconductor company’s stock valued at $4,123,000 after buying an additional 256 shares during the period. CWM LLC lifted its holdings in shares of Onto Innovation by 100.3% in the 2nd quarter. CWM LLC now owns 619 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 310 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Onto Innovation by 2.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 16,345 shares of the semiconductor company’s stock valued at $1,047,000 after buying an additional 324 shares during the period. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of Onto Innovation by 2.6% in the 2nd quarter. Chartwell Investment Partners LLC now owns 13,069 shares of the semiconductor company’s stock valued at $911,000 after buying an additional 325 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.
Onto Innovation Trading Down 3.0 %
NYSE:ONTO opened at $78.12 on Monday. Onto Innovation Inc. has a 12 month low of $56.02 and a 12 month high of $97.93. The stock has a 50 day moving average of $74.85 and a two-hundred day moving average of $73.52. The firm has a market cap of $3.87 billion, a P/E ratio of 19.10 and a beta of 1.40.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on ONTO shares. B. Riley decreased their price objective on Onto Innovation from $110.00 to $95.00 in a report on Friday, October 28th. Needham & Company LLC upped their price target on Onto Innovation from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 28th. StockNews.com raised Onto Innovation from a “hold” rating to a “buy” rating in a report on Monday, January 16th. Benchmark reduced their price target on Onto Innovation to $85.00 in a report on Tuesday, November 1st. Finally, DA Davidson reduced their price target on Onto Innovation to $90.00 in a report on Tuesday, November 1st.
About Onto Innovation
Onto Innovation, Inc engages in designing, developing and manufacturing process control systems. It offers process control, combining global scale with an expanded portfolio of technologies that include: 3D metrology spanning the chip from nanometer-scale transistors to micron-level die-interconnects, macro defect inspection of wafers and packages, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging.
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