🔴 Onto Innovation is trading 9.54% down today as rising Treasury yields pressured high-valuation technology shares

Onto Innovation is trading at $316.27 (-9.54%) after semiconductor stocks sold off broadly as rising Treasury yields pressured high-valuation technology shares.

• The Philadelphia Semiconductor Index was down 3.7% during the session.
• Broader risk-off sentiment reflected fading U.S.-Iran peace prospects, higher oil prices, and multi-year bond-yield highs.
• Goldman Sachs’s Buy rating and $400 target were supportive but did not prevent today’s sector-driven decline.