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.

Shares of Orbotech Ltd (NASDAQ ORBK) opened at $51.48 on Friday. The firm has a market cap of $2,470.00, a PE ratio of 24.51, a price-to-earnings-growth ratio of 0.82 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37. Orbotech Ltd has a 12 month low of $28.01 and a 12 month high of $56.44.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/05/orbotech-ltd-orbk-shares-bought-by-legal-general-group-plc.html.

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.

Want to see what other hedge funds are holding ORBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orbotech Ltd (NASDAQ:ORBK).

Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

Receive News & Stock Ratings for Orbotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbotech and related stocks with our FREE daily email newsletter.