Zurcher Kantonalbank Zurich Cantonalbank maintained its position in Orbotech Ltd. (NASDAQ:ORBK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,414 shares of the electronics maker’s stock at the close of the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Orbotech were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Airain ltd acquired a new stake in Orbotech during the second quarter valued at approximately $208,000. Royce & Associates LP boosted its holdings in Orbotech by 39.3% during the second quarter. Royce & Associates LP now owns 915,243 shares of the electronics maker’s stock valued at $29,855,000 after purchasing an additional 258,153 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Orbotech by 13.0% during the second quarter. Victory Capital Management Inc. now owns 992,925 shares of the electronics maker’s stock valued at $32,390,000 after purchasing an additional 114,217 shares in the last quarter. Analyst IMS Investment Management Services Ltd. boosted its holdings in Orbotech by 14.5% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 585,887 shares of the electronics maker’s stock valued at $19,112,000 after purchasing an additional 74,068 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Orbotech by 24.7% during the second quarter. William Blair Investment Management LLC now owns 783,853 shares of the electronics maker’s stock valued at $25,569,000 after purchasing an additional 155,487 shares in the last quarter. 69.92% of the stock is currently owned by institutional investors.

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

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Orbotech Ltd. (NASDAQ ORBK) opened at 42.95 on Friday. The company has a market cap of $2.06 billion, a PE ratio of 23.05 and a beta of 0.78. Orbotech Ltd. has a 52-week low of $26.83 and a 52-week high of $43.07. The company has a 50-day moving average of $38.47 and a 200 day moving average of $34.79.

Orbotech (NASDAQ:ORBK) last issued 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. Orbotech had a net margin of 11.03% and a return on equity of 14.98%. The firm had revenue of $210.66 million for the quarter, compared to analyst estimates of $205.20 million. During the same quarter last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Orbotech Ltd. will post $2.80 EPS for the current year.

About Orbotech

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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