BidaskClub upgraded shares of Orbotech Ltd. (NASDAQ:ORBK) from a sell rating to a hold rating in a research report sent to investors on Saturday.

ORBK has been the subject of a number of other reports. Standpoint Research downgraded shares of Orbotech from a buy rating to a hold rating in a research note on Monday, May 22nd. Cowen and Company boosted their price target on shares of Orbotech from $35.00 to $40.00 and gave the stock an outperform rating in a research note on Wednesday, May 3rd. Needham & Company LLC reissued a buy rating and set a $38.00 price target on shares of Orbotech in a research note on Monday, May 22nd. Zacks Investment Research raised shares of Orbotech from a sell rating to a hold rating in a research note on Wednesday, July 5th. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and set a $42.00 price target on shares of Orbotech in a research note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Orbotech currently has an average rating of Buy and a consensus price target of $39.14.

Shares of Orbotech (NASDAQ ORBK) opened at 37.15 on Friday. The company’s 50-day moving average is $35.63 and its 200-day moving average is $33.67. Orbotech has a one year low of $26.69 and a one year high of $38.25. The company has a market capitalization of $1.78 billion, a PE ratio of 19.94 and a beta of 0.80.

Orbotech (NASDAQ:ORBK) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The company had revenue of $210.66 million during the quarter, compared to the consensus estimate of $205.20 million. Orbotech had a net margin of 11.03% and a return on equity of 14.98%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. Equities analysts predict that Orbotech will post $2.80 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of Orbotech by 293.4% in the second quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after buying an additional 3,227 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Orbotech by 40.9% in the first quarter. Envestnet Asset Management Inc. now owns 5,095 shares of the electronics maker’s stock worth $165,000 after buying an additional 1,479 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of Orbotech during the first quarter worth about $207,000. Airain ltd purchased a new position in shares of Orbotech during the second quarter worth about $208,000. Finally, Penserra Capital Management LLC boosted its position in shares of Orbotech by 75.0% in the first quarter. Penserra Capital Management LLC now owns 6,783 shares of the electronics maker’s stock worth $218,000 after buying an additional 2,907 shares in the last quarter. 71.63% of the stock is owned by institutional investors and hedge funds.

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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