Cowen and Company reiterated their outperform rating on shares of Orbotech Ltd. (NASDAQ:ORBK) in a research report released on Monday, May 22nd, MarketBeat.com reports.

A number of other research firms have also recently weighed in on ORBK. Standpoint Research cut Orbotech from a buy rating to a hold rating in a report on Monday, May 22nd. Zacks Investment Research cut Orbotech from a hold rating to a sell rating in a report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $42.00 price target (up previously from $35.00) on shares of Orbotech in a report on Tuesday, February 7th. Jefferies Group LLC reaffirmed a buy rating on shares of Orbotech in a report on Wednesday, May 3rd. Finally, Supply Chain Market Research LLC lifted their price target on Orbotech from $36.00 to $37.00 and gave the company a buy rating in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Orbotech presently has an average rating of Buy and a consensus price target of $36.86.

Shares of Orbotech (NASDAQ ORBK) traded down 0.12% on Monday, hitting $33.22. The stock had a trading volume of 245,340 shares. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 20.11 and a beta of 0.59. The stock has a 50 day moving average price of $35.32 and a 200-day moving average price of $33.00. Orbotech has a 12-month low of $23.74 and a 12-month high of $37.48.

Orbotech (NASDAQ:ORBK) last issued its earnings results on Wednesday, May 3rd. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Orbotech had a net margin of 9.78% and a return on equity of 14.87%. The firm had revenue of $187.60 million for the quarter, compared to analysts’ expectations of $186.87 million. During the same quarter last year, the company posted $0.53 earnings per share. Orbotech’s revenue was down 1.5% on a year-over-year basis. On average, equities analysts expect that Orbotech will post $2.69 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of ORBK. Northwest Investment Counselors LLC raised its position in Orbotech by 1.6% in the first quarter. Northwest Investment Counselors LLC now owns 18,009 shares of the electronics maker’s stock valued at $581,000 after buying an additional 277 shares during the period. Renaissance Group LLC raised its position in Orbotech by 2.7% in the first quarter. Renaissance Group LLC now owns 12,782 shares of the electronics maker’s stock valued at $412,000 after buying an additional 340 shares during the period. Cutter & CO Brokerage Inc. raised its position in Orbotech by 10.3% in the first quarter. Cutter & CO Brokerage Inc. now owns 7,292 shares of the electronics maker’s stock valued at $235,000 after buying an additional 683 shares during the period. Envestnet Asset Management Inc. raised its position in Orbotech by 36.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,616 shares of the electronics maker’s stock valued at $119,000 after buying an additional 968 shares during the period. Finally, Navellier & Associates Inc raised its position in Orbotech by 3.3% in the first quarter. Navellier & Associates Inc now owns 50,350 shares of the electronics maker’s stock valued at $1,624,000 after buying an additional 1,623 shares during the period. Hedge funds and other institutional investors own 71.55% 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 provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

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