Rep. Robert Bresnahan, Jr. Sells Onto Innovation Inc. (NYSE:ONTO) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Onto Innovation Inc. NYSE: ONTO. In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Onto Innovation stock on May 12th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
• Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
• Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.

Onto Innovation Stock Up 1.2%

NYSE:ONTO traded up $1.18 on Friday, reaching $99.43. The company's stock had a trading volume of 998,583 shares, compared to its average volume of 1,218,128. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 0.63 and a beta of 1.45. The stock has a 50 day moving average price of $97.82 and a 200 day moving average price of $131.76.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.04. The company had revenue of $267.00 million for the quarter, compared to the consensus estimate of $267.03 million. Onto Innovation had a return on equity of 14.85% and a net margin of 21.36%. The company's revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. Equities research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in Onto Innovation in the fourth quarter valued at $26,000. Mather Group LLC. boosted its holdings in Onto Innovation by 209.4% in the fourth quarter. Mather Group LLC. now owns 164 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Onto Innovation by 177.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Onto Innovation in the first quarter valued at $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Onto Innovation by 79.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ONTO shares. Oppenheimer lowered their price objective on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus decreased their target price on Onto Innovation from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the company a "hold" rating in a research report on Tuesday, May 20th. Cantor Fitzgerald decreased their price objective on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Finally, Benchmark decreased their price objective on Onto Innovation from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $141.67.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Onto Innovation

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.