Orbotech Ltd (ORBK) Reaches $43.34 52-Week High; Jpmorgan Chase & Company Upped Its Liberty Interactive (QVCA) Stake

October 12, 2017 - By Richard Conner

Jpmorgan Chase & Company increased Liberty Interactive Corp (QVCA) stake by 300.05% reported in 2017Q2 SEC filing. Jpmorgan Chase & Company acquired 386,632 shares as Liberty Interactive Corp (QVCA)’s stock rose 23.01%. The Jpmorgan Chase & Company holds 515,489 shares with $12.65M value, up from 128,857 last quarter. Liberty Interactive Corp now has $14.86B valuation. The stock declined 2.03% or $0.45 reaching $21.91 on the news. About 883,906 shares traded. Liberty Interactive Corp (NASDAQ:QVCA) has declined 6.46% since October 12, 2016 and is downtrending. It has underperformed by 23.16% the S&P500.

The stock of Orbotech Ltd (NASDAQ:ORBK) hit a new 52-week high and has $46.37 target or 7.00% above today’s $43.34 share price. The 6 months bullish chart indicates low risk for the $2.08 billion company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $46.37 price target is reached, the company will be worth $145.60 million more. About 16,957 shares traded. Orbotech Ltd (NASDAQ:ORBK) has risen 49.39% since October 12, 2016 and is uptrending. It has outperformed by 32.69% the S&P500.

Among 9 analysts covering Orbotech (NASDAQ:ORBK), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Orbotech has $46 highest and $24 lowest target. $34.57’s average target is -20.24% below currents $43.34 stock price. Orbotech had 15 analyst reports since September 8, 2015 according to SRatingsIntel. Oppenheimer maintained Orbotech Ltd (NASDAQ:ORBK) rating on Thursday, August 3. Oppenheimer has “Buy” rating and $4200 target. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets. The company was maintained on Monday, November 16 by Needham. The rating was maintained by Jefferies with “Buy” on Monday, September 11. The firm has “Outperform” rating given on Wednesday, December 2 by Oppenheimer. The firm has “Buy” rating given on Wednesday, August 2 by Jefferies. Lake Street initiated the stock with “Buy” rating in Tuesday, September 8 report. The firm has “Outperform” rating by Cowen & Co given on Tuesday, January 5. The stock has “Buy” rating by Jefferies on Monday, July 10. The stock of Orbotech Ltd (NASDAQ:ORBK) earned “Buy” rating by Oppenheimer on Thursday, August 10.

Analysts await Orbotech Ltd (NASDAQ:ORBK) to report earnings on November, 1. They expect $0.80 EPS, up 23.08% or $0.15 from last year’s $0.65 per share. ORBK’s profit will be $38.39M for 13.54 P/E if the $0.80 EPS becomes a reality. After $0.63 actual EPS reported by Orbotech Ltd for the previous quarter, Wall Street now forecasts 26.98% EPS growth.

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The company has market cap of $2.08 billion. The Firm provides cutting-edge solutions for use in the manufacture of printed circuit boards , flat panel displays (FPDs) and semiconductor devices (SDs). It has a 23.27 P/E ratio. The Company’s divisions include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

Jpmorgan Chase & Company decreased H & E Equipment Services Inc (NASDAQ:HEES) stake by 108,675 shares to 667,830 valued at $13.63 million in 2017Q2. It also reduced Advance Auto Parts Inc (NYSE:AAP) stake by 2,880 shares and now owns 28,034 shares. Semtech Corp (NASDAQ:SMTC) was reduced too.

Among 13 analysts covering Liberty Interactive (NASDAQ:QVCA), 10 have Buy rating, 1 Sell and 2 Hold. Therefore 77% are positive. Liberty Interactive had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 6 by Citigroup. On Monday, August 14 the stock rating was maintained by Citigroup with “Buy”. Pacific Crest initiated the shares of QVCA in report on Tuesday, December 8 with “Overweight” rating. The rating was maintained by Aegis Capital with “Buy” on Friday, July 7. Craig Hallum maintained the stock with “Buy” rating in Monday, July 10 report. Aegis Capital maintained the stock with “Buy” rating in Tuesday, May 30 report. The stock of Liberty Interactive Corp (NASDAQ:QVCA) earned “Outperform” rating by FBR Capital on Friday, August 12. The firm has “Outperform” rating given on Wednesday, August 10 by FBN Securities. The rating was maintained by FBR Capital on Friday, July 7 with “Buy”. Axiom Capital maintained the stock with “Buy” rating in Friday, November 13 report.

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