US Bancorp DE held its stake in Orbotech Ltd. (NASDAQ:ORBK) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 201,178 shares of the electronics maker’s stock at the end of the second quarter. US Bancorp DE owned 0.42% of Orbotech worth $6,562,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ORBK. Malaga Cove Capital LLC increased its stake in Orbotech by 1.7% in the second quarter. Malaga Cove Capital LLC now owns 18,371 shares of the electronics maker’s stock worth $599,000 after buying an additional 300 shares during the last quarter. Capital Management Corp VA bought a new stake in Orbotech during the second quarter worth $2,266,000. FNY Partners Fund LP bought a new stake in Orbotech during the first quarter worth $298,000. Clough Capital Partners L P increased its stake in Orbotech by 87.7% in the first quarter. Clough Capital Partners L P now owns 209,500 shares of the electronics maker’s stock worth $6,756,000 after buying an additional 97,900 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in Orbotech during the first quarter worth $925,000. Institutional investors own 70.66% of the company’s stock.
Orbotech Ltd. (ORBK) opened at 37.15 on Friday. The firm’s 50-day moving average is $35.41 and its 200 day moving average is $33.67. Orbotech Ltd. has a 12-month low of $26.69 and a 12-month high of $37.84. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 19.94 and a beta of 0.80.
Orbotech (NASDAQ:ORBK) last issued its earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. The business had revenue of $210.66 million during the quarter, compared to analyst estimates of $205.20 million. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. Orbotech’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. On average, equities analysts expect that Orbotech Ltd. will post $2.80 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on ORBK shares. Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Wednesday. Supply Chain Market Research LLC raised their price objective on shares of Orbotech from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Orbotech in a report on Thursday, August 3rd. BidaskClub lowered shares of Orbotech from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $42.00 price objective on shares of Orbotech in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $39.14.
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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