State Street Corp boosted its holdings in Orbotech Ltd. (NASDAQ:ORBK) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 318,065 shares of the electronics maker’s stock after acquiring an additional 27,837 shares during the period. State Street Corp owned about 0.66% of Orbotech worth $10,374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ORBK. Legal & General Group Plc raised its holdings in shares of Orbotech by 293.4% during the second quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock valued at $141,000 after buying an additional 3,227 shares during the last quarter. Airain ltd bought a new stake in shares of Orbotech during the second quarter valued at approximately $208,000. Quantbot Technologies LP bought a new stake in shares of Orbotech during the second quarter valued at approximately $252,000. Renaissance Group LLC raised its holdings in shares of Orbotech by 8.5% during the second quarter. Renaissance Group LLC now owns 13,864 shares of the electronics maker’s stock valued at $452,000 after buying an additional 1,082 shares during the last quarter. Finally, Shufro Rose & Co. LLC bought a new stake in shares of Orbotech during the second quarter valued at approximately $456,000. 65.93% of the stock is currently owned by hedge funds and other institutional investors.

Orbotech Ltd. (NASDAQ ORBK) opened at $56.28 on Monday. Orbotech Ltd. has a 12 month low of $28.01 and a 12 month high of $56.44. The company has a current ratio of 3.37, a quick ratio of 2.71 and a debt-to-equity ratio of 0.07. The company has a market cap of $2,700.00, a P/E ratio of 21.90, a P/E/G ratio of 1.06 and a beta of 0.76.

ORBK has been the topic of a number of recent analyst reports. Zacks Investment Research raised Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a report on Tuesday, November 7th. Supply Chain Market Research LLC lifted their price target on Orbotech from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Needham & Company LLC lifted their price target on Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Stifel Nicolaus lifted their price target on Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Oppenheimer Holdings, Inc. lifted their price target on Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $51.00.

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Orbotech Company Profile

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.

Institutional Ownership by Quarter for Orbotech (NASDAQ:ORBK)

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