Orbotech Ltd (ORBK) Shares Bought by Legal & General Group Plc
Legal & General Group Plc lifted its stake in Orbotech Ltd (NASDAQ:ORBK) by 195.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,781 shares of the electronics maker’s stock after purchasing an additional 8,454 shares during the period. Legal & General Group Plc’s holdings in Orbotech were worth $540,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. FNY Partners Fund LP lifted its position in Orbotech by 106.3% during the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock valued at $126,000 after acquiring an additional 1,546 shares during the period. Macquarie Group Ltd. purchased a new position in Orbotech during the 3rd quarter valued at about $135,000. Airain ltd purchased a new position in Orbotech during the 2nd quarter valued at about $208,000. Advisor Group Inc. lifted its position in Orbotech by 325.1% during the 3rd quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock valued at $230,000 after acquiring an additional 4,171 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Orbotech during the 2nd quarter valued at about $252,000. 66.15% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on ORBK. BidaskClub raised shares of Orbotech from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Orbotech from a “buy” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC lifted their price target on shares of Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. ValuEngine lowered shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Oppenheimer raised their price objective on shares of Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $51.00.
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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.
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