Onto Innovation Inc.’s filing revealed that its SVP, Customer Success Vedula Srinivas unloaded Company’s shares for reported $0.26 million on Sep 03 ’24. In the deal valued at $207.24 per share,1,275 shares were sold. As a result of this transaction, Vedula Srinivas now holds 16,050 shares worth roughly $3.36 million.
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Then, SRINIVAS VEDULA bought 1,275 shares, generating $264,231 in total proceeds.
Before that, Vedula Srinivas sold 1,486 shares. Onto Innovation Inc. shares valued at $317,112 were divested by the SVP, Customer Success at a price of $213.40 per share. As a result of the transaction, Vedula Srinivas now holds 17,433 shares, worth roughly $3.65 million.
Oppenheimer initiated its Onto Innovation Inc. [ONTO] rating to an Outperform in a research note published on September 25, 2024; the price target was $260. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. Jefferies began covering ONTO with “Buy” recommendation on May 13, 2024. B. Riley Securities maintained its rating on May 10, 2024. It rated ONTO as “a Buy”.
Price Performance Review of ONTO
On Friday, Onto Innovation Inc. [NYSE:ONTO] saw its stock fall -0.04% to $209.59. Over the last five days, the stock has lost -3.77%. Onto Innovation Inc. shares have risen nearly 37.08% since the year began. Nevertheless, the stocks have risen 66.66% over the past one year. While a 52-week high of $238.93 was reached on 07/16/24, a 52-week low of $108.98 was recorded on 01/05/24. SMA at 50 days reached $203.08, while 200 days put it at $194.45.
Levels Of Support And Resistance For ONTO Stock
The 24-hour chart illustrates a support level at 206.80, which if violated will result in even more drops to 204.01. On the upside, there is a resistance level at 215.08. A further resistance level may holdings at 220.57. The Relative Strength Index (RSI) on the 14-day chart is 52.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.93%. Stochastics %K at 33.26% indicates the stock is a holding.
How much short interest is there in Onto Innovation Inc.?
A steep rise in short interest was recorded in Onto Innovation Inc. stocks on 2024-09-30, growing by 0.54 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.81 million shares. There was a rise of 40.13%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $235 price target.
