Gabelli Funds LLC Acquires 16,914 Shares of Orbotech Ltd (ORBK)

Gabelli Funds LLC grew its holdings in Orbotech Ltd (NASDAQ:ORBK) by 8.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,797 shares of the electronics maker’s stock after buying an additional 16,914 shares during the period. Gabelli Funds LLC’s holdings in Orbotech were worth $13,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ORBK. Jane Street Group LLC lifted its holdings in shares of 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 lifted its holdings in shares of 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 shares of Orbotech in the 2nd quarter worth about $1,698,000. Wolverine Asset Management LLC lifted its holdings in shares of 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. Finally, Millennium Management LLC lifted its holdings in shares of Orbotech by 182.0% in the 2nd quarter. Millennium Management LLC now owns 882,010 shares of the electronics maker’s stock worth $54,508,000 after acquiring an additional 569,263 shares during the last quarter. 69.97% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on ORBK. BidaskClub lowered shares of Orbotech from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. ValuEngine lowered shares of Orbotech from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $61.00.

Shares of ORBK opened at $54.70 on Friday. Orbotech Ltd has a 1-year low of $44.14 and a 1-year high of $65.75. The stock has a market cap of $2.63 billion, a P/E ratio of 19.96, a P/E/G ratio of 0.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.52 and a quick ratio of 2.80.

Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, November 7th. The electronics maker reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.11). Orbotech had a net margin of 15.56% and a return on equity of 17.77%. The company had revenue of $261.23 million for the quarter, compared to the consensus estimate of $262.49 million. Research analysts forecast that Orbotech Ltd will post 3.3 EPS for the current fiscal year.

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Orbotech 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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Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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