Sei Investments Co. Purchases 11,230 Shares of Orbotech Ltd. (ORBK)

Sei Investments Co. boosted its position in Orbotech Ltd. (NASDAQ:ORBK) by 39.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,440 shares of the electronics maker’s stock after purchasing an additional 11,230 shares during the period. Sei Investments Co. owned 0.08% of Orbotech worth $1,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORBK. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Orbotech by 54.8% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 540,754 shares of the electronics maker’s stock valued at $22,825,000 after buying an additional 191,438 shares during the period. Bessemer Group Inc. increased its stake in shares of Orbotech by 27.8% in the third quarter. Bessemer Group Inc. now owns 75,901 shares of the electronics maker’s stock valued at $3,204,000 after buying an additional 16,518 shares during the period. Principal Financial Group Inc. increased its stake in shares of Orbotech by 7.9% in the third quarter. Principal Financial Group Inc. now owns 424,817 shares of the electronics maker’s stock valued at $17,932,000 after buying an additional 30,971 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Orbotech in the third quarter valued at about $2,292,000. Finally, Smith Moore & CO. acquired a new stake in shares of Orbotech in the third quarter valued at about $380,000. 66.17% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. ValuEngine cut Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus increased their price target on Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Needham & Company LLC increased their price target on Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research note on Tuesday, November 7th. Finally, Oppenheimer raised their target price on Orbotech from $42.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $51.00.

Shares of Orbotech Ltd. (NASDAQ:ORBK) opened at $49.01 on Tuesday. Orbotech Ltd. has a one year low of $28.01 and a one year high of $56.44. The company has a market capitalization of $2,379.85, a P/E ratio of 19.33, a P/E/G ratio of 0.94 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37.

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Orbotech Profile

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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Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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