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

ORBK has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Orbotech from a “strong-buy” rating to a “hold” rating in a research report 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Orbotech has a consensus rating of “Buy” and an average price target of $29.67.

The firm has a 50-day moving average of $26.44 and a 200-day moving average of $24.18. The firm has a market cap of $1.24 billion and a PE ratio of 20.54.

Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $190 million for the quarter, compared to analysts’ expectations of $187.80 million. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that Orbotech Ltd. will post $2.47 EPS for the current year.

Other institutional investors have recently made changes to their positions in the company. Foresters Investment Management Company Inc. increased its position 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 last quarter. Royce & Associates LLC increased its position 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 last quarter. Finally, Wells Fargo & Company MN increased its position 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 last quarter.

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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