Shares of Orbotech Ltd. (NASDAQ:ORBK) have received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $34.00.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Orbotech from a “buy” rating to a “hold” rating in a research note on Wednesday, November 9th. Cowen and Company restated an “outperform” rating and issued a $35.00 price objective (up from $32.00) on shares of Orbotech in a research note on Thursday, November 3rd. Supply Chain Market Research LLC boosted their price objective on Orbotech from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 3rd. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $35.00 price objective on shares of Orbotech in a research note on Friday, August 5th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cordasco Financial Network bought a new position in Orbotech during the second quarter worth $102,000. Penserra Capital Management LLC raised its position in shares of Orbotech by 33.3% in the third quarter. Penserra Capital Management LLC now owns 3,592 shares of the company’s stock valued at $106,000 after buying an additional 898 shares during the last quarter. BlackRock Inc. raised its position in shares of Orbotech by 4,990.0% in the second quarter. BlackRock Inc. now owns 5,090 shares of the company’s stock valued at $130,000 after buying an additional 4,990 shares during the last quarter. Societe Generale acquired a new position in shares of Orbotech during the second quarter valued at approximately $143,000. Finally, SG Americas Securities LLC acquired a new position in shares of Orbotech during the second quarter valued at approximately $143,000. 70.17% of the stock is owned by institutional investors and hedge funds.

Orbotech (NASDAQ:ORBK) opened at 33.01 on Monday. The stock has a 50 day moving average of $29.28 and a 200-day moving average of $27.99. The company has a market cap of $1.56 billion, a PE ratio of 21.44 and a beta of 0.76. Orbotech has a 12-month low of $19.00 and a 12-month high of $33.25.

Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Orbotech had a return on equity of 15.76% and a net margin of 8.96%. The business had revenue of $205 million for the quarter, compared to analysts’ expectations of $204.58 million. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Orbotech will post $2.59 earnings per share for the current fiscal year.

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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.

5 Day Chart for NASDAQ:ORBK

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