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Shelton Capital reduced its stake in Onto Innovation, but analysts maintain a "Moderate Buy" rating.
Shelton Capital Management reduced its holdings in semiconductor company Onto Innovation Inc. by 0.47% in the fourth quarter of 2021, now owning 1,835 shares worth $308,000.
Despite the reduction, analysts have a "Moderate Buy" rating and a target price of $231.88 for the stock, which opened at $116.91.
Onto Innovation reported a profit of $1.51 EPS, exceeding forecasts.
Another investor, Bessemer Group Inc., increased its stake by 3.5%, owning 128,746 shares worth $21,458,000.
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Shelton Capital redujo su participación en Onto Innovation, pero los analistas mantienen una calificación de "Compra Moderada".