AHL Partners LLP Purchases New Position in Orbotech Ltd. (ORBK)

AHL Partners LLP purchased a new stake in Orbotech Ltd. (NASDAQ:ORBK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 139,685 shares of the electronics maker’s stock, valued at approximately $4,557,000. AHL Partners LLP owned approximately 0.29% of Orbotech at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ORBK. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Orbotech in the 2nd quarter valued at approximately $23,095,000. Ameriprise Financial Inc. boosted its stake in shares of Orbotech by 58.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock valued at $55,209,000 after purchasing an additional 622,014 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Orbotech by 40.6% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,001,779 shares of the electronics maker’s stock valued at $65,298,000 after purchasing an additional 577,756 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Orbotech by 39.3% in the 2nd 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. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of Orbotech in the 2nd quarter valued at approximately $7,992,000. Institutional investors own 69.87% of the company’s stock.

A number of research firms have recently weighed in on ORBK. BidaskClub upgraded shares of Orbotech from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. 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. Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Wednesday, August 9th. 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. Orbotech presently has a consensus rating of “Buy” and an average price target of $41.88.

Shares of Orbotech Ltd. (ORBK) opened at 42.39 on Friday. The company’s 50-day moving average is $40.81 and its 200 day moving average is $36.02. Orbotech Ltd. has a 52-week low of $26.83 and a 52-week high of $43.45. The firm has a market capitalization of $2.03 billion, a P/E ratio of 22.75 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 EPS 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 business had revenue of $210.66 million for the quarter, compared to analysts’ expectations of $205.20 million. During the same period last year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that Orbotech Ltd. will post $2.80 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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