In a filing, Onto Innovation Inc revealed its CEO Plisinski Michael P unloaded Company’s shares for reported $7.67 million on Jan 21 ’25. In the deal valued at $219.19 per share,35,000 shares were sold. As a result of this transaction, Plisinski Michael P now holds 150,492 shares worth roughly $32.14 million.
Then, Plisinski Michael P sold 30,000 shares, generating $6,337,287 in total proceeds. Upon selling the shares at $211.24, the CEO now owns 185,492 shares.
Before that, Plisinski Michael P bought 35,000 shares. Onto Innovation Inc shares valued at $7,671,808 were divested by the Officer at a price of $219.19 per share.
Cantor Fitzgerald initiated its Onto Innovation Inc [ONTO] rating to an Overweight in a research note published on January 13, 2025; the price target was $250. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Needham also remained covering ONTO and has increased its forecast on August 19, 2024 with a “Buy” recommendation from previously “Hold” rating. Jefferies started covering the stock on May 13, 2024. It rated ONTO as “a Buy”.
Price Performance Review of ONTO
On Friday, Onto Innovation Inc [NYSE:ONTO] saw its stock fall -1.59% to $213.59. Over the last five days, the stock has gained 0.27%. Onto Innovation Inc shares have risen nearly 28.15% since the year began. Nevertheless, the stocks have risen 28.57% over the past one year. While a 52-week high of $238.93 was reached on 01/22/25, a 52-week low of $145.15 was recorded on 01/02/25. SMA at 50 days reached $177.69, while 200 days put it at $197.66.
Levels Of Support And Resistance For ONTO Stock
The 24-hour chart illustrates a support level at 209.60, which if violated will result in even more drops to 205.61. On the upside, there is a resistance level at 218.13. A further resistance level may holdings at 222.67. The Relative Strength Index (RSI) on the 14-day chart is 67.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.48%. Stochastics %K at 82.86% indicates the stock is a selling.
How much short interest is there in Onto Innovation Inc?
A steep rise in short interest was recorded in Onto Innovation Inc stocks on 2024-12-31, growing by 0.2 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.96 million shares. There was a rise of 16.93%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 10, 2024 when B. Riley Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $250.
