Orbotech Ltd. (NASDAQ:ORBK) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday, July 12th.
Other equities analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $38.00 price objective on shares of Orbotech in a research report on Monday, May 22nd. Jefferies Group LLC restated a “buy” rating on shares of Orbotech in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded Orbotech from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Standpoint Research downgraded Orbotech from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $42.00 target price on shares of Orbotech in a research report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Orbotech has a consensus rating of “Buy” and a consensus price target of $39.14.
Shares of Orbotech (NASDAQ:ORBK) traded up 0.57% during midday trading on Wednesday, reaching $37.15. 139,359 shares of the company were exchanged. The company has a 50 day moving average price of $35.41 and a 200-day moving average price of $33.67. Orbotech has a 12-month low of $26.69 and a 12-month high of $37.84. The stock has a market capitalization of $1.78 billion, a P/E ratio of 19.94 and a beta of 0.80.
Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. The firm had revenue of $210.66 million for the quarter, compared to the consensus estimate of $205.20 million. During the same quarter last year, the business posted $0.60 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, analysts forecast that Orbotech will post $2.80 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Orbotech during the second quarter worth $23,095,000. Victory Capital Management Inc. boosted its stake in shares of Orbotech by 249.2% in the first quarter. Victory Capital Management Inc. now owns 878,708 shares of the electronics maker’s stock worth $28,338,000 after buying an additional 627,098 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Orbotech by 58.1% in the second quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock worth $55,209,000 after buying an additional 622,014 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Orbotech by 77.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,424,023 shares of the electronics maker’s stock worth $45,925,000 after buying an additional 621,478 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Orbotech by 39.3% in the second quarter. Royce & Associates LP now owns 915,243 shares of the electronics maker’s stock worth $29,855,000 after buying an additional 258,153 shares during the last quarter. 70.66% of the stock is owned by institutional investors and hedge funds.
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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