Clal Insurance Enterprises Holdings Ltd Boosts Position in Orbotech Ltd (ORBK)

Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Orbotech Ltd (NASDAQ:ORBK) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,609,132 shares of the electronics maker’s stock after buying an additional 47,600 shares during the period. Orbotech accounts for approximately 2.4% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 12th biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Orbotech were worth $90,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ORBK. Bank of New York Mellon Corp boosted its stake in Orbotech by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 170,960 shares of the electronics maker’s stock valued at $10,566,000 after purchasing an additional 2,539 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Orbotech during the 3rd quarter valued at approximately $173,000. Wells Fargo & Company MN boosted its stake in Orbotech by 8.9% during the 3rd quarter. Wells Fargo & Company MN now owns 698,990 shares of the electronics maker’s stock valued at $41,548,000 after purchasing an additional 56,975 shares during the period. Stone Ridge Asset Management LLC boosted its stake in Orbotech by 30.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 5,276 shares of the electronics maker’s stock valued at $314,000 after purchasing an additional 1,244 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 122,069 shares during the period. 68.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of ORBK stock opened at $65.77 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.88 and a debt-to-equity ratio of 0.04. Orbotech Ltd has a 12 month low of $50.71 and a 12 month high of $66.35. The company 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.



Several brokerages recently weighed in on ORBK. Zacks Investment Research downgraded Orbotech from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. BidaskClub upgraded Orbotech from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Finally, ValuEngine upgraded Orbotech from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Orbotech has an average rating of “Hold” and an average price target of $60.67.

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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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