Orbotech Ltd. (ORBK) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in Orbotech Ltd. (NASDAQ:ORBK) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,915 shares of the electronics maker’s stock after purchasing an additional 8,974 shares during the period. Russell Investments Group Ltd. owned 0.48% of Orbotech worth $9,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Strategic Global Advisors LLC raised its position in Orbotech by 2.8% in the 2nd quarter. Strategic Global Advisors LLC now owns 29,670 shares of the electronics maker’s stock worth $968,000 after purchasing an additional 800 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Orbotech by 5.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,835 shares of the electronics maker’s stock worth $549,000 after purchasing an additional 864 shares during the last quarter. Renaissance Group LLC raised its position in Orbotech by 8.5% in the 2nd quarter. Renaissance Group LLC now owns 13,864 shares of the electronics maker’s stock worth $452,000 after purchasing an additional 1,082 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Orbotech by 0.8% during the 2nd quarter. California Public Employees Retirement System now owns 180,500 shares of the electronics maker’s stock valued at $5,888,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Orbotech by 3.0% during the 2nd quarter. Swiss National Bank now owns 76,300 shares of the electronics maker’s stock valued at $2,489,000 after acquiring an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 66.17% of the company’s stock.

Shares of Orbotech Ltd. (NASDAQ ORBK) opened at $49.44 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71. Orbotech Ltd. has a 1 year low of $28.01 and a 1 year high of $56.44. The company has a market cap of $2,347.76, a price-to-earnings ratio of 19.07, a P/E/G ratio of 0.93 and a beta of 0.80.

Several analysts have commented on the stock. BidaskClub upgraded shares of Orbotech from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Saturday, August 19th. ValuEngine cut shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Needham & Company LLC upped their target price on shares of Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Oppenheimer upped their target price on shares of Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price 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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