Oppenheimer & Co. Inc. Has $278,000 Holdings in Orbotech Ltd (ORBK)

Oppenheimer & Co. Inc. cut its stake in Orbotech Ltd (NASDAQ:ORBK) by 58.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,910 shares of the electronics maker’s stock after selling 6,787 shares during the period. Oppenheimer & Co. Inc.’s holdings in Orbotech were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Alpine Associates Management Inc. increased its position in shares of Orbotech by 273.7% during the third quarter. Alpine Associates Management Inc. now owns 1,947,434 shares of the electronics maker’s stock worth $115,755,000 after purchasing an additional 1,426,350 shares in the last quarter. BlackRock Inc. increased its position in shares of Orbotech by 2.3% during the third quarter. BlackRock Inc. now owns 818,332 shares of the electronics maker’s stock worth $48,642,000 after purchasing an additional 18,251 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Orbotech by 8.9% during the third quarter. Wells Fargo & Company MN now owns 698,990 shares of the electronics maker’s stock worth $41,548,000 after purchasing an additional 56,975 shares in the last quarter. Morgan Stanley grew its holdings in Orbotech by 43.2% in the 3rd quarter. Morgan Stanley now owns 541,251 shares of the electronics maker’s stock valued at $32,172,000 after buying an additional 163,248 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Orbotech by 4.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 321,908 shares of the electronics maker’s stock valued at $19,134,000 after buying an additional 12,487 shares in the last quarter. 69.66% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ORBK opened at $62.44 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.88 and a quick ratio of 3.06. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 1.04 and a beta of 0.74. Orbotech Ltd has a 52-week low of $47.51 and a 52-week high of $65.75.

Several analysts have issued reports on the company. BidaskClub upgraded Orbotech from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. ValuEngine upgraded Orbotech from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Finally, Zacks Investment Research cut Orbotech from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $60.67.

TRADEMARK VIOLATION NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2019/02/13/oppenheimer-co-inc-has-278000-holdings-in-orbotech-ltd-orbk.html.

Orbotech 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.

Read More: Why do companies engage in swaps?

Want to see what other hedge funds are holding ORBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orbotech Ltd (NASDAQ:ORBK).

Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

Receive News & Ratings for Orbotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbotech and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit