Orbotech Ltd. (NASDAQ:ORBK) traded down 2.3% on Friday . The stock traded as low as $29.25 and last traded at $29.28, with a volume of 135,592 shares. The stock had previously closed at $29.97.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday. Cowen and Company restated an “outperform” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Orbotech in a research report on Friday, May 6th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $35.00 price objective on shares of Orbotech in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $30.14.

The company has a market capitalization of $1.30 billion and a P/E ratio of 21.36. The stock’s 50-day moving average price is $27.24 and its 200 day moving average price is $24.70.

Orbotech (NASDAQ:ORBK) last released its earnings results on Wednesday, August 3rd. The company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ 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. During the same period in the previous year, the firm posted $0.53 EPS. Orbotech’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts anticipate that Orbotech Ltd. will post $2.50 EPS for the current year.

An institutional investor recently raised its position in Orbotech stock. Foresters Investment Management Company Inc. increased its stake in Orbotech Ltd. (NASDAQ:ORBK) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 344,500 shares of the company’s stock after buying an additional 24,500 shares during the period. Foresters Investment Management Company Inc. owned about 0.81% of Orbotech worth $7,624,000 at the end of the most recent 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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