Orbotech Ltd. (ORBK) Holdings Trimmed by Advisory Services Network LLC

Advisory Services Network LLC trimmed its holdings in Orbotech Ltd. (NASDAQ:ORBK) by 37.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,918 shares of the electronics maker’s stock after selling 10,323 shares during the quarter. Advisory Services Network LLC’s holdings in Orbotech were worth $552,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in Orbotech by 293.4% in the 2nd quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after purchasing an additional 3,227 shares during the period. Envestnet Asset Management Inc. boosted its stake in Orbotech by 40.9% in 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 during the period. Airain ltd bought a new position in Orbotech in the 2nd quarter worth approximately $208,000. OppenheimerFunds Inc. bought a new position in Orbotech in the 1st quarter worth approximately $242,000. Finally, Quantbot Technologies LP bought a new position in Orbotech in the 2nd quarter worth approximately $252,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

Shares of Orbotech Ltd. (NASDAQ ORBK) opened at 43.45 on Thursday. The stock’s 50 day moving average price is $42.07 and its 200 day moving average price is $36.69. Orbotech Ltd. has a one year low of $26.83 and a one year high of $44.30. The stock has a market capitalization of $2.08 billion, a PE ratio of 23.32 and a beta of 0.79.

Orbotech (NASDAQ:ORBK) last issued its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $210.66 million for the quarter, compared to analyst estimates of $205.20 million. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Equities research analysts predict that Orbotech Ltd. will post $2.80 EPS for the current fiscal year.

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Several research analysts have weighed in on ORBK shares. Zacks Investment Research downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Stifel Nicolaus started coverage on Orbotech in a research note on Thursday, August 31st. They issued a “buy” rating and a $46.00 price target for the company. Jefferies Group LLC restated a “buy” rating and issued a $42.00 price target on shares of Orbotech in a research note on Tuesday, September 12th. BidaskClub downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of Orbotech in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.88

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in Orbotech by 293.4% in the 2nd quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after purchasing an additional 3,227 shares during the period. Envestnet Asset Management Inc. boosted its stake in Orbotech by 40.9% in 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 during the period. Airain ltd bought a new position in Orbotech in the 2nd quarter worth approximately $208,000. OppenheimerFunds Inc. bought a new position in Orbotech in the 1st quarter worth approximately $242,000. Finally, Quantbot Technologies LP bought a new position in Orbotech in the 2nd quarter worth approximately $252,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

Shares of Orbotech Ltd. (NASDAQ ORBK) opened at 43.45 on Thursday. The stock’s 50 day moving average price is $42.07 and its 200 day moving average price is $36.69. Orbotech Ltd. has a one year low of $26.83 and a one year high of $44.30. The stock has a market capitalization of $2.08 billion, a PE ratio of 23.32 and a beta of 0.79.

Orbotech (NASDAQ:ORBK) last issued its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $210.66 million for the quarter, compared to analyst estimates of $205.20 million. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Equities research analysts predict that Orbotech Ltd. will post $2.80 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/19/orbotech-ltd-orbk-holdings-trimmed-by-advisory-services-network-llc.html.

Several research analysts have weighed in on ORBK shares. Zacks Investment Research downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Stifel Nicolaus started coverage on Orbotech in a research note on Thursday, August 31st. They issued a “buy” rating and a $46.00 price target for the company. Jefferies Group LLC restated a “buy” rating and issued a $42.00 price target on shares of Orbotech in a research note on Tuesday, September 12th. BidaskClub downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of Orbotech in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.88.

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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