Acadian Asset Management LLC Has $28.84 Million Position in Orbotech Ltd (NASDAQ:ORBK)

Acadian Asset Management LLC increased its holdings in Orbotech Ltd (NASDAQ:ORBK) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 574,006 shares of the electronics maker’s stock after purchasing an additional 15,301 shares during the quarter. Acadian Asset Management LLC owned 1.20% of Orbotech worth $28,839,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ORBK. FNY Partners Fund LP increased its stake in Orbotech by 106.3% during the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock worth $126,000 after buying an additional 1,546 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Orbotech during the 3rd quarter worth approximately $135,000. Legal & General Group Plc increased its stake in Orbotech by 293.4% during the 2nd quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after buying an additional 3,227 shares in the last quarter. Trexquant Investment LP purchased a new stake in Orbotech during the 3rd quarter worth approximately $210,000. Finally, Advisor Group Inc. increased its stake in Orbotech by 325.1% during the 3rd quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock worth $230,000 after buying an additional 4,171 shares in the last quarter. Institutional investors own 65.20% of the company’s stock.

ORBK has been the subject of a number of analyst reports. Barclays upped their price target on Orbotech to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Oppenheimer upped their price target on Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research report on Tuesday, November 7th. Needham & Company LLC upped their price target on Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus upped their price target on Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $52.10.

Shares of Orbotech Ltd (NASDAQ:ORBK) traded up $2.29 during trading on Monday, reaching $48.55. The company had a trading volume of 548,865 shares, compared to its average volume of 429,660. The stock has a market capitalization of $2,330.00, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 0.75 and a beta of 0.75. Orbotech Ltd has a 52 week low of $28.36 and a 52 week high of $57.09. The company has a quick ratio of 2.71, a current ratio of 3.37 and a debt-to-equity ratio of 0.07.

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About Orbotech

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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