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

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 Down 0.5%

Shares of NYSE:ONTO opened at $94.27 on Friday. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a 50 day moving average of $98.12 and a two-hundred day moving average of $127.85. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $228.42.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. Onto Innovation had a net margin of 21.36% and a return on equity of 14.85%. The business had revenue of $267.00 million during the quarter, compared to the consensus estimate of $267.03 million. During the same period in the prior year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analyst Weigh In

ONTO has been the subject of a number of analyst reports. Oppenheimer decreased their price objective on shares of Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Needham & Company LLC cut their price target on Onto Innovation from $230.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Jefferies Financial Group set a $110.00 price objective on Onto Innovation and gave the company a “hold” rating in a research note on Tuesday, May 20th. Stifel Nicolaus dropped their price objective on Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Cantor Fitzgerald cut their target price on Onto Innovation from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.67.

Institutional Investors Weigh In On Onto Innovation

A number of institutional investors have recently modified their holdings of ONTO. Vanguard Group Inc. boosted its holdings in Onto Innovation by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,166,137 shares of the semiconductor company’s stock worth $861,040,000 after purchasing an additional 76,233 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Onto Innovation by 9.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,192,238 shares of the semiconductor company’s stock worth $365,380,000 after buying an additional 183,839 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Onto Innovation by 21.2% in the 4th quarter. Franklin Resources Inc. now owns 1,553,271 shares of the semiconductor company’s stock worth $258,883,000 after buying an additional 271,470 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Onto Innovation by 41.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,515,152 shares of the semiconductor company’s stock valued at $252,530,000 after buying an additional 444,860 shares during the period. Finally, Invesco Ltd. grew its position in shares of Onto Innovation by 33.9% during the 4th quarter. Invesco Ltd. now owns 1,406,034 shares of the semiconductor company’s stock valued at $234,344,000 after buying an additional 356,161 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

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.

Onto Innovation Company Profile

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.