Alliancebernstein L.P. boosted its holdings in shares of Orbotech Ltd (NASDAQ:ORBK) by 120.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 218,063 shares of the electronics maker’s stock after buying an additional 119,019 shares during the period. Alliancebernstein L.P.’s holdings in Orbotech were worth $12,962,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of ORBK. Jane Street Group LLC increased its stake in Orbotech by 29.2% in the 2nd quarter. Jane Street Group LLC now owns 7,141 shares of the electronics maker’s stock worth $441,000 after acquiring an additional 1,614 shares during the last quarter. Havens Advisors LLC increased its stake in Orbotech by 181.5% in the 3rd quarter. Havens Advisors LLC now owns 38,000 shares of the electronics maker’s stock worth $2,259,000 after acquiring an additional 24,500 shares during the last quarter. Exane Asset Management bought a new stake in Orbotech in the 2nd quarter worth approximately $1,698,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Orbotech by 3.4% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 294,453 shares of the electronics maker’s stock worth $17,502,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its stake in Orbotech by 253.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 40,700 shares of the electronics maker’s stock worth $2,515,000 after acquiring an additional 29,200 shares during the last quarter. 71.08% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on ORBK shares. ValuEngine raised Orbotech from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Zacks Investment Research raised Orbotech from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Friday, August 10th. Finally, BidaskClub raised Orbotech from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Orbotech has an average rating of “Hold” and a consensus price target of $61.00.
Shares of Orbotech stock opened at $59.24 on Friday. The company has a market capitalization of $2.88 billion, a PE ratio of 21.62, a P/E/G ratio of 1.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.88 and a quick ratio of 3.06. Orbotech Ltd has a one year low of $44.14 and a one year high of $65.75.
Orbotech (NASDAQ:ORBK) last announced its earnings results on Wednesday, November 7th. The electronics maker reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.11). The company had revenue of $261.23 million during the quarter, compared to analysts’ expectations of $262.49 million. Orbotech had a return on equity of 16.36% and a net margin of 14.62%. As a group, research analysts forecast that Orbotech Ltd will post 3.15 earnings per share for the current year.
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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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