Royce & Associates LP Reduces Stake in Orbotech Ltd. (ORBK)

Royce & Associates LP trimmed its stake in shares of Orbotech Ltd. (NASDAQ:ORBK) by 29.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 647,263 shares of the electronics maker’s stock after selling 267,980 shares during the quarter. Royce & Associates LP owned about 1.35% of Orbotech worth $27,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in ORBK. JPMorgan Chase & Co. raised its position in shares of Orbotech by 929.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,146,419 shares of the electronics maker’s stock worth $48,196,000 after purchasing an additional 1,035,068 shares during the period. Ameriprise Financial Inc. raised its position in shares of Orbotech by 58.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock worth $55,209,000 after purchasing an additional 622,014 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Orbotech by 40.6% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,001,779 shares of the electronics maker’s stock worth $65,298,000 after purchasing an additional 577,756 shares during the period. Menora Mivtachim Holdings LTD. increased its position in Orbotech by 81.3% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,283,306 shares of the electronics maker’s stock valued at $54,168,000 after acquiring an additional 575,307 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in Orbotech by 110.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,044,286 shares of the electronics maker’s stock valued at $44,079,000 after acquiring an additional 546,909 shares during the period. Institutional investors and hedge funds own 66.17% of the company’s stock.

Shares of Orbotech Ltd. (NASDAQ ORBK) opened at $49.86 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71. The company has a market capitalization of $2,390.00, a P/E ratio of 19.17, a P/E/G ratio of 0.93 and a beta of 0.80. Orbotech Ltd. has a 1 year low of $28.01 and a 1 year high of $56.44.

Several analysts recently commented on the company. BidaskClub cut Orbotech from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine cut Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Stifel Nicolaus raised their target price on Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Needham & Company LLC raised their target price on Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price 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.

Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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