Orbotech Ltd (ORBK) Position Lifted by Vanguard Group Inc

Vanguard Group Inc increased its holdings in shares of Orbotech Ltd (NASDAQ:ORBK) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,398 shares of the electronics maker’s stock after acquiring an additional 4,722 shares during the period. Vanguard Group Inc owned approximately 0.20% of Orbotech worth $5,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Global Investments lifted its position in Orbotech by 10.2% during the third quarter. Summit Global Investments now owns 11,900 shares of the electronics maker’s stock worth $707,000 after buying an additional 1,100 shares during the period. Stone Ridge Asset Management LLC grew its stake in Orbotech by 30.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 5,276 shares of the electronics maker’s stock valued at $314,000 after purchasing an additional 1,244 shares in the last quarter. Jane Street Group LLC grew its stake in Orbotech by 29.2% during the 2nd quarter. Jane Street Group LLC now owns 7,141 shares of the electronics maker’s stock valued at $441,000 after purchasing an additional 1,614 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Orbotech by 3.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 54,457 shares of the electronics maker’s stock worth $3,236,000 after buying an additional 2,002 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in Orbotech by 51.2% during the 3rd quarter. First Republic Investment Management Inc. now owns 7,484 shares of the electronics maker’s stock worth $445,000 after buying an additional 2,533 shares during the last quarter. Institutional investors own 69.66% of the company’s stock.

NASDAQ ORBK traded down $0.31 during trading on Monday, reaching $61.56. 1,621 shares of the company traded hands, compared to its average volume of 564,255. The company has a current ratio of 3.88, a quick ratio of 3.06 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.04 and a beta of 0.74. Orbotech Ltd has a 1-year low of $44.14 and a 1-year high of $65.75.

ORBK has been the topic of several recent research reports. BidaskClub raised Orbotech from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. ValuEngine cut Orbotech from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Finally, Zacks Investment Research upgraded Orbotech from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Orbotech has a consensus rating of “Hold” and an average target price of $60.67.

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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.

Read More: Leveraged Buyout (LBO)

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Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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