The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Onto Innovation Inc shares valued at $40,360 were sold by Vedula Srinivas on Feb 13 ’25. At $169.58 per share, Vedula Srinivas sold 238 shares. The insider’s holdings dropped to 15,472 shares worth approximately $2.39 million following the completion of this transaction.
Also, SRINIVAS VEDULA purchased 238 shares, netting a total of over 40,360 in proceeds.
Before that, Plisinski Michael P had sold 35,000 shares from its account. In a trade valued at $7,671,650, the CEO traded Onto Innovation Inc shares for $219.19 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $23.22 million.
As published in their initiating research note from Cantor Fitzgerald on January 13, 2025, Onto Innovation Inc [ONTO] has been an Overweight and the price target has been revised to $250. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of August 19, 2024, Needham has increased its “Hold” rating to a “Buy” for ONTO. Earlier on May 13, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for ONTO stock.
Analyzing ONTO Stock Performance
During the last five days, there has been a drop of approximately -9.73%. Over the course of the year, Onto Innovation Inc shares have dropped approximately -7.43%. Shares of the company reached a 52-week high of $228.42 on 01/22/25 and a 52-week low of $150.07 on 02/25/25. A 50-day SMA is recorded $184.29, while a 200-day SMA reached $196.95. Nevertheless, trading volume fell to 0.93 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Onto Innovation Inc (ONTO)
According to the 24-hour chart, there is a support level at 152.36, which, if violated, would cause prices to drop to 150.43. In the upper region, resistance lies at 157.22. The next price resistance is at 160.15. RSI (Relative Strength Index) is 33.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -17.70, which suggests the price will decrease in the coming days. Percent R is at 93.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
