Hsbc Holdings PLC Lowers Holdings in Orbotech Ltd (ORBK)
Hsbc Holdings PLC lowered its holdings in shares of Orbotech Ltd (NASDAQ:ORBK) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,398 shares of the electronics maker’s stock after selling 29,680 shares during the quarter. Hsbc Holdings PLC owned 0.21% of Orbotech worth $5,677,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in ORBK. Alpine Associates Management Inc. lifted its holdings in shares of Orbotech by 273.7% in the 3rd quarter. Alpine Associates Management Inc. now owns 1,947,434 shares of the electronics maker’s stock worth $115,755,000 after acquiring an additional 1,426,350 shares during the last quarter. Numen Capital LLP bought a new stake in Orbotech during the 4th quarter valued at about $14,596,000. Morgan Stanley lifted its holdings in Orbotech by 43.2% during 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. JPMorgan Chase & Co. lifted its holdings in Orbotech by 180.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,641 shares of the electronics maker’s stock valued at $11,272,000 after buying an additional 122,069 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Orbotech by 120.2% during the 3rd quarter. Alliancebernstein L.P. now owns 218,063 shares of the electronics maker’s stock valued at $12,962,000 after buying an additional 119,019 shares in the last quarter. Institutional investors and hedge funds own 68.78% of the company’s stock.
Shares of ORBK opened at $65.77 on Friday. Orbotech Ltd has a 1-year low of $50.71 and a 1-year high of $66.35. The stock has a market cap of $3.19 billion, a P/E ratio of 24.00, a P/E/G ratio of 1.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.88 and a quick ratio of 3.06.
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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