Orbotech Ltd. (NASDAQ:ORBK)’s share price hit a new 52-week high on Monday . The stock traded as high as $29.15 and last traded at $29.12, with a volume of 294,044 shares changing hands. The stock had previously closed at $28.53.

ORBK has been the topic of several analyst reports. Zacks Investment Research lowered shares of Orbotech from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 13th. Cowen and Company reiterated an “outperform” rating and issued a $31.00 target price (up from $29.00) on shares of Orbotech in a report on Friday, May 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $29.67.

The stock has a 50 day moving average of $26.53 and a 200 day moving average of $24.29. The company has a market capitalization of $1.26 billion and a P/E ratio of 20.98.

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

Several large investors recently made changes to their positions in ORBK. Foresters Investment Management Company Inc. raised 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 valued at $7,624,000 after buying an additional 24,500 shares during the period. Royce & Associates LLC raised 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 valued at $13,665,000 after buying an additional 138,020 shares during the period. Finally, Wells Fargo & Company MN raised 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 valued at $18,867,000 after buying an additional 91,751 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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