Analyst IMS Investment Management Services Ltd. boosted its position in shares of Orbotech Ltd. (NASDAQ:ORBK) by 25.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 511,819 shares of the electronics maker’s stock after buying an additional 104,476 shares during the period. Orbotech accounts for 6.4% of Analyst IMS Investment Management Services Ltd.’s investment portfolio, making the stock its 3rd largest position. Analyst IMS Investment Management Services Ltd. owned about 1.07% of Orbotech worth $16,441,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Orbotech by 36.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,616 shares of the electronics maker’s stock worth $119,000 after buying an additional 968 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Orbotech by 538.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,952 shares of the electronics maker’s stock worth $165,000 after buying an additional 4,176 shares during the period. Wexford Capital LP purchased a new position in shares of Orbotech during the fourth quarter worth approximately $200,000. Greenwood Capital Associates LLC purchased a new position in shares of Orbotech during the first quarter worth approximately $207,000. Finally, Penserra Capital Management LLC boosted its position in shares of Orbotech by 75.0% in the first quarter. Penserra Capital Management LLC now owns 6,783 shares of the electronics maker’s stock worth $218,000 after buying an additional 2,907 shares during the period. Institutional investors own 71.55% of the company’s stock.
Orbotech Ltd. (NASDAQ ORBK) traded down 0.12% during midday trading on Friday, reaching $33.22. The company’s stock had a trading volume of 245,340 shares. The company has a 50 day moving average of $35.32 and a 200-day moving average of $33.00. Orbotech Ltd. has a 1-year low of $23.74 and a 1-year high of $37.48. The company has a market capitalization of $1.59 billion, a P/E ratio of 20.11 and a beta of 0.59.
Orbotech (NASDAQ:ORBK) last issued its quarterly earnings results on Wednesday, May 3rd. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $187.60 million during the quarter, compared to analyst estimates of $186.87 million. Orbotech had a return on equity of 14.87% and a net margin of 9.78%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Equities research analysts anticipate that Orbotech Ltd. will post $2.69 earnings per share for the current fiscal year.
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ORBK has been the subject of a number of research analyst reports. Standpoint Research upgraded Orbotech from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Wednesday, March 8th. BidaskClub lowered Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating on shares of Orbotech in a research report on Wednesday, May 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of Orbotech in a research report on Monday, May 22nd. Finally, Zacks Investment Research raised Orbotech from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Orbotech currently has a consensus rating of “Buy” and an average price target of $36.86.
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.
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