Shares of Orbotech Ltd. (NASDAQ:ORBK) rose 2.8% on Thursday . The stock traded as high as $28.53 and last traded at $28.53, with a volume of 125,941 shares traded. The stock had previously closed at $27.74.

ORBK has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Orbotech from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Cowen and Company reissued an “outperform” rating and issued a $31.00 price target (up from $29.00) on shares of Orbotech in a research note on Friday, May 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Orbotech presently has a consensus rating of “Buy” and a consensus target price of $29.67.

The stock has a market capitalization of $1.25 billion and a PE ratio of 20.75. The company’s 50-day moving average is $26.43 and its 200 day moving average is $24.12.

Orbotech (NASDAQ:ORBK) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $190 million for the quarter, compared to analyst estimates of $187.80 million. The business’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Orbotech Ltd. will post $2.47 EPS for the current year.

Other large investors have modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Orbotech by 12.1% in the fourth quarter. Wells Fargo & Company MN now owns 852,530 shares of the company’s stock worth $18,867,000 after buying an additional 91,751 shares during the period. Royce & Associates LLC boosted its stake in shares of Orbotech by 28.8% in the fourth quarter. Royce & Associates LLC now owns 617,490 shares of the company’s stock worth $13,665,000 after buying an additional 138,020 shares during the period. Finally, Foresters Investment Management Company Inc. boosted its stake in shares of Orbotech by 7.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 344,500 shares of the company’s stock worth $7,624,000 after buying an additional 24,500 shares during the period.

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company operates through three segments: Production Solutions for the Electronics Industry, Solar Energy and Recognition Software. The Production Solutions for the Electronics Industry segment includes design, development, manufacture, marketing and servicing of solutions.

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