Koshinski Asset Management Inc. Invests $226,000 in Orbotech Ltd (NASDAQ:ORBK) Stock

Koshinski Asset Management Inc. bought a new position in shares of Orbotech Ltd (NASDAQ:ORBK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,800 shares of the electronics maker’s stock, valued at approximately $226,000.

Several other large investors have also added to or reduced their stakes in the company. Summit Global Investments raised its stake in shares of Orbotech by 8.0% during the 2nd quarter. Summit Global Investments now owns 10,800 shares of the electronics maker’s stock worth $667,000 after purchasing an additional 800 shares in the last quarter. Stone Ridge Asset Management LLC increased its holdings in shares of Orbotech by 30.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 5,276 shares of the electronics maker’s stock worth $314,000 after acquiring an additional 1,244 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Orbotech by 29.2% during the 2nd quarter. Jane Street Group LLC now owns 7,141 shares of the electronics maker’s stock worth $441,000 after acquiring an additional 1,614 shares during the last quarter. Swiss National Bank increased its holdings in shares of Orbotech by 2.5% during the 2nd quarter. Swiss National Bank now owns 81,200 shares of the electronics maker’s stock worth $5,018,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Orbotech by 3.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 54,457 shares of the electronics maker’s stock worth $3,236,000 after acquiring an additional 2,002 shares during the last quarter. Institutional investors and hedge funds own 71.08% of the company’s stock.

Orbotech stock traded up $0.42 during trading hours on Thursday, hitting $58.11. The stock had a trading volume of 354,174 shares, compared to its average volume of 363,501. The company has a current ratio of 3.88, a quick ratio of 3.06 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.74 billion, a PE ratio of 21.21, a P/E/G ratio of 0.95 and a beta of 0.72. Orbotech Ltd has a one year low of $44.14 and a one year high of $65.75.

Orbotech (NASDAQ:ORBK) last released its earnings results on Wednesday, November 7th. The electronics maker reported $0.79 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.11). Orbotech had a return on equity of 16.36% and a net margin of 14.62%. The business had revenue of $261.23 million for the quarter, compared to analyst estimates of $262.49 million. As a group, analysts predict that Orbotech Ltd will post 3.17 earnings per share for the current fiscal year.

A number of brokerages have commented on ORBK. BidaskClub lowered Orbotech from a “sell” rating to a “strong sell” rating in a report on Saturday, September 15th. Zacks Investment Research downgraded Orbotech from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. Finally, ValuEngine upgraded Orbotech from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.00.

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Orbotech Company 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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