Washington Trust Bank Has Boosted Potlatch (PCH) Position By $1.23 Million; Orbotech Limited (ORBK) Shorts Down By 21.6%

Washington Trust Bank increased Potlatch Corp (PCH) stake by 24.36% reported in 2017Q3 SEC filing. Washington Trust Bank acquired 24,100 shares as Potlatch Corp (PCH)’s stock rose 0.45%. The Washington Trust Bank holds 123,039 shares with $6.28M value, up from 98,939 last quarter. Potlatch Corp now has $2.01B valuation. The stock increased 1.44% or $0.7 during the last trading session, reaching $49.45. About 697,510 shares traded or 48.58% up from the average. Potlatch Corporation (NASDAQ:PCH) has risen 31.76% since December 27, 2016 and is uptrending. It has outperformed by 15.06% the S&P500.

Orbotech Limited (NASDAQ:ORBK) had a decrease of 21.6% in short interest. ORBK’s SI was 125,200 shares in December as released by FINRA. Its down 21.6% from 159,700 shares previously. With 415,500 avg volume, 0 days are for Orbotech Limited (NASDAQ:ORBK)’s short sellers to cover ORBK’s short positions. The SI to Orbotech Limited’s float is 0.29%. The stock decreased 0.71% or $0.36 during the last trading session, reaching $50.12. About 240,558 shares traded. Orbotech Ltd. (NASDAQ:ORBK) has risen 49.39% since December 27, 2016 and is uptrending. It has outperformed by 32.69% the S&P500.

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards , flat panel displays (FPDs), and semiconductor devices (SDs) in China, North America, Europe, Japan, Korea, and internationally. The company has market cap of $2.40 billion. It operates through three divisions: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software. It has a 23.82 P/E ratio. The firm designs, develops, makes, markets, and services direct imaging, automated optical inspection (AOI), automated optical shaping, via formation laser drilling tools, digital inkjet printing, and other production systems used in the manufacture of PCBs; AOI, test, repair, and process monitoring systems for use in the manufacture of FPDs; and etch, physical vapor deposition, and chemical vapor deposition equipment used in the manufacture of SDs, such as micro-electro-mechanical systems, advanced semiconductor packaging, power and radio frequency devices, and high brightness light emitting diode devices.

Among 10 analysts covering Orbotech (NASDAQ:ORBK), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Orbotech has $65.0 highest and $24 lowest target. $43.63’s average target is -12.95% below currents $50.12 stock price. Orbotech had 20 analyst reports since September 8, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, January 5 by Cowen & Co. The rating was maintained by Needham on Tuesday, November 7 with “Buy”. Lake Street initiated it with “Buy” rating and $28.0 target in Tuesday, September 8 report. Oppenheimer maintained Orbotech Ltd. (NASDAQ:ORBK) rating on Wednesday, December 2. Oppenheimer has “Outperform” rating and $35.0 target. The firm has “Buy” rating by Jefferies given on Thursday, October 19. The stock has “Buy” rating by Oppenheimer on Thursday, August 3. The firm has “Overweight” rating by JP Morgan given on Monday, December 21. RBC Capital Markets maintained Orbotech Ltd. (NASDAQ:ORBK) on Friday, November 6 with “Outperform” rating. Jefferies maintained the shares of ORBK in report on Monday, September 11 with “Buy” rating. Oppenheimer maintained the shares of ORBK in report on Wednesday, November 1 with “Buy” rating.