Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Orbotech Ltd (NASDAQ:ORBK) by 14.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,827 shares of the electronics maker’s stock after selling 8,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.09% of Orbotech worth $2,724,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC increased its stake in Orbotech by 182.0% in the second quarter. Millennium Management LLC now owns 882,010 shares of the electronics maker’s stock valued at $54,508,000 after acquiring an additional 569,263 shares during the last quarter. BlackRock Inc. increased its stake in Orbotech by 3.4% in the second quarter. BlackRock Inc. now owns 800,081 shares of the electronics maker’s stock valued at $49,447,000 after acquiring an additional 25,999 shares during the last quarter. Wells Fargo & Company MN increased its stake in Orbotech by 8.9% in the third quarter. Wells Fargo & Company MN now owns 698,990 shares of the electronics maker’s stock valued at $41,548,000 after acquiring an additional 56,975 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Orbotech by 6.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 611,387 shares of the electronics maker’s stock valued at $37,784,000 after acquiring an additional 34,341 shares during the last quarter. Finally, Alpine Associates Management Inc. bought a new position in Orbotech in the second quarter valued at approximately $32,295,000. 69.08% of the stock is currently owned by institutional investors.

Shares of Orbotech stock opened at $53.71 on Wednesday. Orbotech Ltd has a fifty-two week low of $44.14 and a fifty-two week high of $65.75. The company has a current ratio of 3.88, a quick ratio of 3.06 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 0.96 and a beta of 0.79.

Orbotech (NASDAQ:ORBK) last issued its earnings results on Wednesday, November 7th. The electronics maker reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.11). Orbotech had a net margin of 14.62% and a return on equity of 16.36%. The company had revenue of $261.23 million during the quarter, compared to analyst estimates of $262.49 million. Equities analysts anticipate that Orbotech Ltd will post 3.24 EPS for the current fiscal year.

ORBK has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Orbotech from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Friday, August 10th. BidaskClub raised shares of Orbotech from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, ValuEngine cut shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $61.00.

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Orbotech Company Profile

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: 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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