Orbotech Ltd. (ORBK) Given Average Rating of “Buy” by Analysts
Orbotech Ltd. (NASDAQ:ORBK) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the company. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $30.00.
Several research analysts recently weighed in on ORBK shares. Zacks Investment Research raised shares of Orbotech from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, August 10th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Orbotech in a report on Friday, August 5th.
Orbotech (NASDAQ:ORBK) traded down 1.294% during mid-day trading on Monday, hitting $27.835. The company had a trading volume of 87,140 shares. The stock has a market capitalization of $1.23 billion, a PE ratio of 20.200 and a beta of 0.73. Orbotech has a 1-year low of $15.61 and a 1-year high of $30.11. The stock has a 50 day moving average price of $28.85 and a 200-day moving average price of $26.94.
Orbotech (NASDAQ:ORBK) last issued its earnings results on Wednesday, August 3rd. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company earned $196 million during the quarter, compared to the consensus estimate of $194.98 million. Orbotech had a net margin of 7.98% and a return on equity of 15.48%. Orbotech’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, analysts forecast that Orbotech will post $2.50 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the stock. Genesee Valley Trust Co. boosted its stake in shares of Orbotech by 0.4% in the third quarter. Genesee Valley Trust Co. now owns 10,524 shares of the company’s stock valued at $312,000 after buying an additional 47 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Orbotech during the third quarter valued at about $203,000. Stifel Financial Corp boosted its stake in shares of Orbotech by 6.5% in the second quarter. Stifel Financial Corp now owns 238,110 shares of the company’s stock valued at $6,083,000 after buying an additional 14,521 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Orbotech during the second quarter valued at about $2,616,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Orbotech by 17.3% in the second quarter. Cubist Systematic Strategies LLC now owns 19,533 shares of the company’s stock valued at $499,000 after buying an additional 2,885 shares in the last quarter. Hedge funds and other institutional investors own 68.98% of the company’s stock.
Orbotech Company Profile
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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