Orbotech Target of Unusually Large Options Trading (ORBK)

Orbotech Ltd (NASDAQ:ORBK) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 851 put options on the stock. This is an increase of approximately 1,476% compared to the typical daily volume of 54 put options.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of Orbotech by 14.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,642,800 shares of the electronics maker’s stock valued at $132,774,000 after acquiring an additional 324,200 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Orbotech by 533.1% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,339,617 shares of the electronics maker’s stock valued at $117,542,000 after acquiring an additional 1,970,082 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Orbotech by 12.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,286,535 shares of the electronics maker’s stock valued at $41,967,000 after acquiring an additional 147,031 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of Orbotech by 81.3% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,283,306 shares of the electronics maker’s stock valued at $54,168,000 after acquiring an additional 575,307 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Orbotech by 929.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,146,419 shares of the electronics maker’s stock valued at $48,196,000 after acquiring an additional 1,035,068 shares in the last quarter. Institutional investors own 65.20% of the company’s stock.

Shares of Orbotech (NASDAQ ORBK) traded up $3.43 during midday trading on Wednesday, hitting $51.06. The stock had a trading volume of 1,007,684 shares, compared to its average volume of 446,896. The company has a market cap of $2,290.00, a PE ratio of 22.68, a price-to-earnings-growth ratio of 0.78 and a beta of 0.75. 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 has a 12 month low of $28.36 and a 12 month high of $57.09.

Several analysts have issued reports on the company. BidaskClub downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. 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 research note on Tuesday, November 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 research note on Tuesday, November 7th. ValuEngine downgraded Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Oppenheimer lifted their price target on Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Orbotech currently has a consensus rating of “Buy” and a consensus price target of $52.10.

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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.

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