Shares of Orbotech Ltd. (NASDAQ:ORBK) have received an average rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $39.67.

A number of research firms have recently weighed in on ORBK. BidaskClub lowered Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research raised Orbotech from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Standpoint Research lowered Orbotech from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Cowen and Company raised their price target on Orbotech from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of Orbotech in a research note on Monday, May 22nd.

Shares of Orbotech (ORBK) traded down 1.53% on Friday, hitting $35.93. 355,753 shares of the stock were exchanged. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 21.75 and a beta of 0.80. The company has a 50 day moving average of $34.70 and a 200 day moving average of $33.50. Orbotech has a 52-week low of $26.69 and a 52-week high of $37.75.

Orbotech (NASDAQ:ORBK) last released its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The firm had revenue of $210.66 million during the quarter, compared to analyst estimates of $205.20 million. Orbotech had a return on equity of 15.26% and a net margin of 11.03%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities research analysts forecast that Orbotech will post $2.77 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in ORBK. Northwest Investment Counselors LLC raised its stake in shares of Orbotech by 1.6% in the first quarter. Northwest Investment Counselors LLC now owns 18,009 shares of the electronics maker’s stock worth $581,000 after buying an additional 277 shares during the last quarter. Malaga Cove Capital LLC raised its stake in shares of Orbotech by 1.7% in the second quarter. Malaga Cove Capital LLC now owns 18,371 shares of the electronics maker’s stock worth $599,000 after buying an additional 300 shares during the last quarter. Renaissance Group LLC raised its stake in shares of Orbotech by 2.7% in the first quarter. Renaissance Group LLC now owns 12,782 shares of the electronics maker’s stock worth $412,000 after buying an additional 340 shares during the last quarter. Cutter & CO Brokerage Inc. raised its stake in shares of Orbotech by 10.3% in the first quarter. Cutter & CO Brokerage Inc. now owns 7,292 shares of the electronics maker’s stock worth $235,000 after buying an additional 683 shares during the last quarter. Finally, Callahan Advisors LLC raised its stake in shares of Orbotech by 1.4% in the second quarter. Callahan Advisors LLC now owns 49,460 shares of the electronics maker’s stock worth $1,613,000 after buying an additional 685 shares during the last quarter. 69.38% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

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