Orbotech Ltd (ORBK) Shares Bought by Clal Insurance Enterprises Holdings Ltd

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Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Orbotech Ltd (NASDAQ:ORBK) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,609,132 shares of the electronics maker’s stock after acquiring an additional 47,600 shares during the period. Orbotech makes up 2.4% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 12th biggest position. Clal Insurance Enterprises Holdings Ltd owned about 3.31% of Orbotech worth $90,980,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Orbotech by 3.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 6,925 shares of the electronics maker’s stock worth $392,000 after purchasing an additional 205 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Orbotech by 13.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 3,895 shares of the electronics maker’s stock worth $220,000 after purchasing an additional 475 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Orbotech by 7.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,897 shares of the electronics maker’s stock worth $390,000 after purchasing an additional 484 shares during the last quarter. Doyle Wealth Management bought a new stake in Orbotech in the fourth quarter worth $28,000. Finally, Legal & General Group Plc lifted its stake in Orbotech by 5.6% in the third quarter. Legal & General Group Plc now owns 12,066 shares of the electronics maker’s stock worth $717,000 after purchasing an additional 637 shares during the last quarter. 68.78% of the stock is owned by institutional investors.

Several analysts have weighed in on ORBK shares. Zacks Investment Research downgraded shares of Orbotech from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. ValuEngine raised shares of Orbotech from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Finally, BidaskClub raised shares of Orbotech from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 28th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $60.67.

ORBK stock opened at $65.77 on Friday. Orbotech Ltd has a 12-month low of $50.71 and a 12-month high of $66.35. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.06 and a current ratio of 3.88.

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About Orbotech

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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