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

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 9th. 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 Trading Down 0.5%

Shares of NYSE ONTO opened at $94.27 on Friday. The stock has a 50 day simple moving average of $98.12 and a 200-day simple moving average of $127.32. The company has a market cap of $4.60 billion, a PE ratio of 21.33, a P/E/G ratio of 0.61 and a beta of 1.44. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.04. Onto Innovation had a return on equity of 14.85% and a net margin of 21.36%. 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 previous year, the firm posted $1.18 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. Sell-side analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Onto Innovation

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new position in shares of Onto Innovation during the 4th quarter valued at $26,000. Mather Group LLC. grew its holdings in shares of Onto Innovation by 209.4% during the 4th quarter. Mather Group LLC. now owns 164 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Onto Innovation by 177.6% during the 1st 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 in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Onto Innovation during the 1st quarter valued at $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Onto Innovation by 79.4% during the 1st 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 in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ONTO shares. Stifel Nicolaus dropped their target price on Onto Innovation from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Needham & Company LLC dropped their price target on Onto Innovation from $230.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the company a “hold” rating in a report on Tuesday, May 20th. Cantor Fitzgerald dropped their price target on Onto Innovation from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, June 24th. Finally, Benchmark dropped their price target on Onto Innovation from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Three equities research 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 an average 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.