Orbotech (ORBK) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Orbotech (NASDAQ:ORBK) from a strong sell rating to a sell rating in a report published on Wednesday morning.

A number of other equities research analysts also recently weighed in on ORBK. Zacks Investment Research raised Orbotech from a sell rating to a hold rating in a research report on Wednesday, November 21st. ValuEngine raised Orbotech from a hold rating to a buy rating in a research report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Orbotech presently has a consensus rating of Hold and an average target price of $61.00.

Shares of Orbotech stock opened at $58.02 on Wednesday. The firm has a market cap of $2.80 billion, a PE ratio of 18.06, a PEG ratio of 1.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.06 and a current ratio of 3.88. Orbotech has a 12 month low of $44.14 and a 12 month high of $65.75.

Orbotech (NASDAQ:ORBK) last announced its quarterly earnings results on Wednesday, November 7th. The electronics maker reported $0.79 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.11). The firm had revenue of $261.23 million for the quarter, compared to analysts’ expectations of $262.49 million. Orbotech had a net margin of 14.62% and a return on equity of 16.36%. Sell-side analysts predict that Orbotech will post 3.24 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in Orbotech by 29.2% during the second quarter. Jane Street Group LLC now owns 7,141 shares of the electronics maker’s stock valued at $441,000 after purchasing an additional 1,614 shares in the last quarter. Havens Advisors LLC boosted its holdings in Orbotech by 181.5% in the third quarter. Havens Advisors LLC now owns 38,000 shares of the electronics maker’s stock worth $2,259,000 after acquiring an additional 24,500 shares in the last quarter. Exane Asset Management acquired a new stake in Orbotech in the second quarter worth about $1,698,000. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in Orbotech by 3.4% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 294,453 shares of the electronics maker’s stock worth $17,502,000 after acquiring an additional 9,600 shares in the last quarter. Finally, City Financial Investment Co Ltd boosted its holdings in Orbotech by 29.4% in the third quarter. City Financial Investment Co Ltd now owns 264,116 shares of the electronics maker’s stock worth $15,699,000 after acquiring an additional 59,969 shares in the last quarter. 69.08% of the stock is currently owned by institutional investors.

Orbotech Company Profile

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.

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