Oppenheimer & Co. Inc. boosted its position in shares of Orbotech Ltd. (NASDAQ:ORBK) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,835 shares of the electronics maker’s stock after purchasing an additional 864 shares during the period. Oppenheimer & Co. Inc.’s holdings in Orbotech were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Malaga Cove Capital LLC grew its position in Orbotech by 1.7% during the 2nd quarter. Malaga Cove Capital LLC now owns 18,371 shares of the electronics maker’s stock worth $599,000 after purchasing an additional 300 shares in the last quarter. Callahan Advisors LLC grew its position in Orbotech by 1.4% during the 2nd quarter. Callahan Advisors LLC now owns 49,460 shares of the electronics maker’s stock worth $1,613,000 after purchasing an additional 685 shares in the last quarter. Renaissance Group LLC grew its position in Orbotech by 8.5% during the 2nd quarter. Renaissance Group LLC now owns 13,864 shares of the electronics maker’s stock worth $452,000 after purchasing an additional 1,082 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Orbotech by 40.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,095 shares of the electronics maker’s stock worth $165,000 after purchasing an additional 1,479 shares in the last quarter. Finally, Ativo Capital Management LLC grew its position in Orbotech by 3.3% during the 1st quarter. Ativo Capital Management LLC now owns 60,652 shares of the electronics maker’s stock worth $1,956,000 after purchasing an additional 1,952 shares in the last quarter. Hedge funds and other institutional investors own 69.92% of the company’s stock.

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Several research firms have recently commented on ORBK. Standpoint Research cut shares of Orbotech from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $42.00 price target on shares of Orbotech in a report on Tuesday, May 23rd. BidaskClub cut shares of Orbotech from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Cowen and Company restated an “outperform” rating on shares of Orbotech in a report on Monday, May 22nd. Finally, Zacks Investment Research cut shares of Orbotech from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.13.

Shares of Orbotech Ltd. (NASDAQ ORBK) opened at 42.51 on Thursday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 22.82 and a beta of 0.78. The company has a 50 day moving average of $37.93 and a 200 day moving average of $34.58. Orbotech Ltd. has a 1-year low of $26.83 and a 1-year high of $42.61.

Orbotech (NASDAQ:ORBK) last released its earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The business had revenue of $210.66 million during the quarter, compared to the consensus estimate of $205.20 million. Orbotech had a net margin of 11.03% and a return on equity of 14.98%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. On average, equities analysts forecast that Orbotech Ltd. will post $2.80 earnings per share for the current fiscal year.

Orbotech Company 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.

Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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