Orbotech Ltd. (ORBK) Position Maintained by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. continued to hold its position in shares of Orbotech Ltd. (NASDAQ:ORBK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,960 shares of the electronics maker’s stock at the close of the 2nd quarter. Edmond DE Rothschild Holding S.A.’s holdings in Orbotech were worth $397,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of 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 last quarter. Credit Agricole S A lifted its position in Orbotech by 2,378.3% during the 1st quarter. Credit Agricole S A now owns 48,351 shares of the electronics maker’s stock worth $1,560,000 after buying an additional 46,400 shares in the last quarter. Lockheed Martin Investment Management Co. acquired a new position in Orbotech during the 2nd quarter worth about $1,093,000. FNY Partners Fund LP acquired a new position in Orbotech during the 1st quarter worth about $298,000. Finally, Swiss National Bank lifted its position in Orbotech by 3.3% during the 1st quarter. Swiss National Bank now owns 74,100 shares of the electronics maker’s stock worth $2,390,000 after buying an additional 2,400 shares in the last quarter. 69.87% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and set a $42.00 price target on shares of Orbotech in a research report on Tuesday, September 12th. Stifel Nicolaus assumed coverage on shares of Orbotech in a research report on Thursday, August 31st. They set a “buy” rating and a $46.00 price target on the stock. Finally, BidaskClub upgraded shares of Orbotech from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Orbotech presently has an average rating of “Buy” and an average target price of $42.25.
Orbotech Ltd. (ORBK) opened at 43.12 on Wednesday. The firm has a market capitalization of $2.07 billion, a P/E ratio of 23.15 and a beta of 0.78. Orbotech Ltd. has a 52-week low of $26.83 and a 52-week high of $43.45. The firm’s 50-day moving average is $38.90 and its 200-day moving average is $35.04.
Orbotech (NASDAQ:ORBK) last released its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. The company had revenue of $210.66 million for the quarter, compared to analysts’ expectations of $205.20 million. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. On average, equities analysts expect that Orbotech Ltd. will post $2.80 earnings per share for the current 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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