Zacks Investment Research lowered shares of Orbotech (NASDAQ:ORBK) from a hold rating to a sell rating in a report published on Wednesday.

According to Zacks, “Orbotech LTD. is the world leader in the design, development, manufacture and marketing of AOI systems for use in the manufacture of printed circuit boards and flat panel displays and is a leader in the design, development, manufacture and marketing of imaging solutions for PCB production and of AOI systems for use in the electronics assembly industry. They market computer aided manufacturing solutions for PCB production and continue to develop its proprietary AOI technologies for use in other applications both within and outside the electronics industry. (press release) “

Several other analysts also recently commented on the stock. BidaskClub upgraded shares of Orbotech from a strong sell rating to a sell rating in a research report on Wednesday, November 28th. ValuEngine upgraded shares of Orbotech from a hold rating to a buy rating in a research report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $61.00.

ORBK stock opened at $58.11 on Wednesday. Orbotech has a 12 month low of $44.14 and a 12 month high of $65.75. The firm has a market capitalization of $2.88 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The company has a quick ratio of 3.06, a current ratio of 3.88 and a debt-to-equity ratio of 0.04.

Orbotech (NASDAQ:ORBK) last released its quarterly earnings results on Wednesday, November 7th. The electronics maker reported $0.79 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.11). Orbotech had a net margin of 14.62% and a return on equity of 16.36%. The business had revenue of $261.23 million during the quarter, compared to analysts’ expectations of $262.49 million. On average, equities research analysts forecast that Orbotech will post 3.15 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in ORBK. Cornerstone Wealth Management LLC purchased a new position in Orbotech during the 2nd quarter worth $468,000. Wells Fargo & Company MN raised its position in Orbotech by 30.3% during the 2nd quarter. Wells Fargo & Company MN now owns 642,015 shares of the electronics maker’s stock worth $39,676,000 after buying an additional 149,286 shares during the last quarter. First Trust Advisors LP purchased a new position in Orbotech during the 2nd quarter worth $701,000. State of Wisconsin Investment Board raised its position in Orbotech by 117.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 381,200 shares of the electronics maker’s stock worth $23,558,000 after buying an additional 206,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Orbotech during the 2nd quarter worth $3,327,000. Institutional investors own 71.08% of the company’s stock.

Orbotech Company Profile

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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