AXA boosted its stake in shares of Orbotech (NASDAQ:ORBK) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,420 shares of the electronics maker’s stock after buying an additional 4,800 shares during the period. AXA owned approximately 0.19% of Orbotech worth $4,643,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Orbotech by 533.1% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,339,617 shares of the electronics maker’s stock worth $117,542,000 after purchasing an additional 1,970,082 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Orbotech by 929.6% in the third quarter. JPMorgan Chase & Co. now owns 1,146,419 shares of the electronics maker’s stock worth $48,196,000 after acquiring an additional 1,035,068 shares during the period. Westfield Capital Management Co. LP grew its holdings in shares of Orbotech by 110.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,044,286 shares of the electronics maker’s stock worth $44,079,000 after acquiring an additional 546,909 shares during the period. Neumeier Poma Investment Counsel LLC grew its holdings in shares of Orbotech by 20.2% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 826,005 shares of the electronics maker’s stock worth $34,866,000 after acquiring an additional 139,035 shares during the period. Finally, Senvest Management LLC grew its holdings in shares of Orbotech by 1.9% in the third quarter. Senvest Management LLC now owns 815,923 shares of the electronics maker’s stock worth $34,440,000 after acquiring an additional 15,000 shares during the period. 74.66% of the stock is owned by institutional investors.
Shares of Orbotech stock traded down $0.96 during trading hours on Friday, hitting $61.00. The company’s stock had a trading volume of 302,114 shares, compared to its average volume of 1,085,079. Orbotech has a 12-month low of $30.25 and a 12-month high of $65.75. The company has a market capitalization of $2,955.94, a price-to-earnings ratio of 22.26, a PEG ratio of 0.98 and a beta of 0.62. The company has a quick ratio of 2.70, a current ratio of 3.37 and a debt-to-equity ratio of 0.06.
Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, February 14th. The electronics maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Orbotech had a return on equity of 15.98% and a net margin of 14.69%. The business had revenue of $256.90 million for the quarter, compared to the consensus estimate of $256.02 million. During the same period in the previous year, the business earned $0.70 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. equities analysts expect that Orbotech will post 3.3 earnings per share for the current year.
Several analysts recently commented on ORBK shares. Zacks Investment Research lowered Orbotech from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub raised Orbotech from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. ValuEngine lowered Orbotech from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Lake Street Capital reiterated a “buy” rating and set a $62.00 target price (up from $52.00) on shares of Orbotech in a research report on Monday, January 22nd. Finally, Stifel Nicolaus downgraded Orbotech to a “hold” rating and set a $69.00 target price on the stock. in a research report on Monday, March 19th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.44.
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Orbotech Company Profile
Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.
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