603,209 Shares in Orbotech Ltd (ORBK) Acquired by Norges Bank

Norges Bank bought a new position in shares of Orbotech Ltd (NASDAQ:ORBK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 603,209 shares of the electronics maker’s stock, valued at approximately $34,106,000. Norges Bank owned about 1.24% of Orbotech as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Doyle Wealth Management acquired a new stake in Orbotech during the fourth quarter worth $28,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Orbotech during the fourth quarter worth $113,000. SG Americas Securities LLC increased its stake in Orbotech by 41.4% during the fourth quarter. SG Americas Securities LLC now owns 3,055 shares of the electronics maker’s stock worth $173,000 after acquiring an additional 895 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in Orbotech during the third quarter worth $226,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Orbotech by 13.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 3,895 shares of the electronics maker’s stock worth $220,000 after acquiring an additional 475 shares during the last quarter. 68.78% of the stock is owned by institutional investors.

ORBK stock opened at $65.77 on Wednesday. The company has a quick ratio of 3.06, a current ratio of 3.88 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.10 and a beta of 0.74. Orbotech Ltd has a 52-week low of $50.71 and a 52-week high of $66.35.

Several research firms have issued reports on ORBK. BidaskClub cut Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research raised Orbotech from a “sell” rating to a “hold” rating in a research note on Friday, January 25th.

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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.

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Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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