Shares of Orbotech Ltd (NASDAQ:ORBK) have earned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $59.20.

A number of research firms recently commented on ORBK. BidaskClub raised Orbotech from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 5th. Zacks Investment Research raised Orbotech from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Thursday, May 31st.

Several large investors have recently made changes to their positions in the company. Menora Mivtachim Holdings LTD. grew its stake in shares of Orbotech by 40.9% during the first quarter. Menora Mivtachim Holdings LTD. now owns 1,079,597 shares of the electronics maker’s stock valued at $67,129,000 after buying an additional 313,328 shares during the last quarter. Millennium Management LLC grew its stake in shares of Orbotech by 182.0% during the second quarter. Millennium Management LLC now owns 882,010 shares of the electronics maker’s stock valued at $54,508,000 after buying an additional 569,263 shares during the last quarter. BlackRock Inc. grew its stake in shares of Orbotech by 3.4% during the second quarter. BlackRock Inc. now owns 800,081 shares of the electronics maker’s stock valued at $49,447,000 after buying an additional 25,999 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Orbotech by 30.3% during the second quarter. Wells Fargo & Company MN now owns 642,015 shares of the electronics maker’s stock valued at $39,676,000 after buying an additional 149,286 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Orbotech by 686.2% during the first quarter. UBS Group AG now owns 613,142 shares of the electronics maker’s stock valued at $38,125,000 after buying an additional 535,153 shares during the last quarter. 70.18% of the stock is currently owned by hedge funds and other institutional investors.

ORBK traded up $0.55 during trading on Friday, reaching $60.94. The stock had a trading volume of 2,262 shares, compared to its average volume of 295,032. The stock has a market cap of $2.97 billion, a PE ratio of 22.24, a P/E/G ratio of 0.99 and a beta of 0.66. The company has a quick ratio of 2.80, a current ratio of 3.52 and a debt-to-equity ratio of 0.04. Orbotech has a one year low of $40.35 and a one year high of $65.75.

Orbotech (NASDAQ:ORBK) last released its earnings results on Wednesday, August 1st. The electronics maker reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.07. The business had revenue of $267.50 million for the quarter, compared to analysts’ expectations of $258.51 million. Orbotech had a return on equity of 17.77% and a net margin of 15.56%. The business’s quarterly revenue was up 27.0% on a year-over-year basis. equities analysts anticipate that Orbotech will post 3.3 earnings per share for the current year.

About Orbotech

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.

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Analyst Recommendations for Orbotech (NASDAQ:ORBK)

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