Insight Capital Research & Management Inc. acquired a new position in shares of Orbotech Ltd. (NASDAQ:ORBK) during the second quarter, Holdings Channel reports. The firm acquired 137,529 shares of the company’s stock, valued at approximately $3,514,000. Orbotech accounts for approximately 1.2% of Insight Capital Research & Management Inc.’s investment portfolio, making the stock its 25th largest position.
Other institutional investors have also recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in shares of Orbotech by 4.6% in the first quarter. Aperio Group LLC now owns 42,996 shares of the company’s stock valued at $1,022,000 after buying an additional 1,877 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Orbotech by 75.6% in the first quarter. Prudential Financial Inc. now owns 357,300 shares of the company’s stock worth $8,497,000 after buying an additional 153,800 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Orbotech during the first quarter worth $2,221,000. BlackRock Fund Advisors raised its stake in shares of Orbotech by 71.1% in the first quarter. BlackRock Fund Advisors now owns 44,925 shares of the company’s stock worth $1,068,000 after buying an additional 18,676 shares during the last quarter. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of Orbotech during the first quarter worth $2,192,000. Institutional investors own 69.07% of the company’s stock.
Shares of Orbotech Ltd. (NASDAQ:ORBK) traded up 1.30% on Friday, hitting $29.61. 208,024 shares of the company traded hands. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.49 and a beta of 0.86. The firm’s 50 day moving average price is $28.94 and its 200-day moving average price is $26.52. Orbotech Ltd. has a 1-year low of $14.70 and a 1-year high of $30.11.
Orbotech (NASDAQ:ORBK) last released its earnings results on Wednesday, August 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Orbotech had a net margin of 7.98% and a return on equity of 15.48%. The company earned $196 million during the quarter, compared to analyst estimates of $194.98 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that Orbotech Ltd. will post $2.50 earnings per share for the current year.
A number of brokerages have recently weighed in on ORBK. Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, August 10th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $35.00 price objective on shares of Orbotech in a report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Orbotech currently has a consensus rating of “Buy” and a consensus price target of $30.50.
Orbotech Company Profile
Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company operates through three segments: Production Solutions for the Electronics Industry, Solar Energy and Recognition Software. The Production Solutions for the Electronics Industry segment includes design, development, manufacture, marketing and servicing of solutions.
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