Orbotech Ltd (ORBK) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Orbotech Ltd (ORBK) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Several other large investors have also modified their holdings of the stock. Renaissance Technologies LLC increased its stake in Orbotech by 12.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,380,200 shares of the electronics maker’s stock valued at $79,522,000 after buying an additional 263,400 shares during the period. LSV Asset Management increased its stake in Orbotech by 2.6% in the first quarter. LSV Asset Management now owns 1,840,457 shares of the electronics maker’s stock valued at $59,354,000 after buying an additional 45,836 shares during the period. Wells Fargo & Company MN increased its stake in Orbotech by 12.8% in the first quarter. Wells Fargo & Company MN now owns 855,903 shares of the electronics maker’s stock valued at $27,602,000 after buying an additional 96,828 shares during the period. Investment Counselors of Maryland LLC increased its stake in Orbotech by 15.2% in the first quarter. Investment Counselors of Maryland LLC now owns 722,098 shares of the electronics maker’s stock valued at $23,288,000 after buying an additional 95,300 shares during the period. Finally, Royce & Associates LP increased its stake in Orbotech by 11.5% in the fourth quarter. Royce & Associates LP now owns 708,490 shares of the electronics maker’s stock valued at $23,671,000 after buying an additional 73,100 shares during the period. 70.42% of the stock is currently owned by hedge funds and other institutional investors.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Orbotech Ltd (NASDAQ:ORBK) by 43.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,883 shares of the electronics maker’s stock after selling 13,700 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Orbotech were worth $577,000 as of its most recent filing with the SEC.

Orbotech Ltd (ORBK) opened at 35.68 on Thursday. The company’s 50-day moving average price is $34.09 and its 200 day moving average price is $32.72. Orbotech Ltd has a 12 month low of $23.74 and a 12 month high of $37.48. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 21.60 and a beta of 0.81.

Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, May 3rd. The electronics maker reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The firm had revenue of $187.60 million for the quarter, compared to the consensus estimate of $186.87 million. Orbotech had a net margin of 9.85% and a return on equity of 16.09%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. Analysts forecast that Orbotech Ltd will post $2.69 EPS for the current fiscal year.

ORBK has been the topic of several recent research reports. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $42.00 price objective (up previously from $35.00) on shares of Orbotech in a report on Tuesday, February 7th. Zacks Investment Research downgraded Orbotech from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 15th. Jefferies Group LLC reissued a “buy” rating on shares of Orbotech in a report on Wednesday, May 3rd. Standpoint Research raised Orbotech from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, March 8th. Finally, Supply Chain Market Research LLC raised their price objective on Orbotech from $36.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $36.86.

About Orbotech

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ORBK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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