Orbotech (ORBK) Downgraded to Buy at ValuEngine

ValuEngine lowered shares of Orbotech (NASDAQ:ORBK) from a strong-buy rating to a buy rating in a research report report published on Friday.

Other research analysts have also recently issued research reports about the stock. Jefferies Group restated a buy rating and set a $42.00 target price on shares of Orbotech in a research note on Tuesday, September 12th. BidaskClub upgraded shares of Orbotech from a sell rating to a hold rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of Orbotech from a hold rating to a buy rating and set a $41.00 target price on the stock in a research note on Wednesday, August 9th. Finally, Needham & Company LLC restated a buy rating and set a $40.00 target price (up previously from $38.00) on shares of Orbotech in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $51.00.

Orbotech (NASDAQ ORBK) traded up $0.58 on Friday, hitting $49.59. 267,504 shares of the company were exchanged, compared to its average volume of 381,877. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37. Orbotech has a 52 week low of $28.01 and a 52 week high of $56.44. The stock has a market cap of $2,379.85, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.94 and a beta of 0.80.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Callahan Advisors LLC increased its holdings in Orbotech by 10.5% in the 3rd quarter. Callahan Advisors LLC now owns 54,655 shares of the electronics maker’s stock valued at $2,307,000 after acquiring an additional 5,195 shares during the last quarter. Royal Bank of Canada increased its holdings in Orbotech by 126.7% in the 2nd quarter. Royal Bank of Canada now owns 20,638 shares of the electronics maker’s stock valued at $674,000 after acquiring an additional 11,535 shares during the last quarter. ETF Managers Group LLC bought a new stake in Orbotech in the 2nd quarter valued at $470,000. AHL Partners LLP bought a new stake in Orbotech in the 2nd quarter valued at $4,557,000. Finally, Menora Mivtachim Holdings LTD. increased its holdings in 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 during the last quarter. Institutional investors own 66.17% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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