Orbotech (ORBK) Receiving Somewhat Favorable Press Coverage, Report Shows
Press coverage about Orbotech (NASDAQ:ORBK) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Orbotech earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 46.1114725516351 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Orbotech Ltd. – Ordinary Shares (NASDAQ:ORBK) Closed 5.0% Above Its 50 Day Moving Average (highlightpress.com)
- Orbotech Ltd. (ORBK) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Unimicron Technology : Orbotech wins $10m German deal (4-traders.com)
- Orbotech Ltd (ORBK) Enters Multi-Million-Dollar Deal With Unimicron Germany (streetinsider.com)
Shares of Orbotech (NASDAQ:ORBK) remained flat at $38.38 during mid-day trading on Wednesday. 52,543 shares of the stock traded hands. The stock’s 50-day moving average price is $36.55 and its 200-day moving average price is $33.83. The company has a market capitalization of $1.84 billion, a PE ratio of 20.60 and a beta of 0.80. Orbotech has a 52-week low of $26.69 and a 52-week high of $38.61.
Orbotech (NASDAQ:ORBK) last posted its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. Orbotech had a net margin of 11.03% and a return on equity of 14.98%. The firm had revenue of $210.66 million during the quarter, compared to analyst estimates of $205.20 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Orbotech will post $2.80 earnings per share for the current year.
ORBK has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of Orbotech in a report on Monday, May 22nd. Supply Chain Market Research LLC increased their price objective on Orbotech from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Cowen and Company increased their price objective on Orbotech from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Zacks Investment Research upgraded Orbotech from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, BidaskClub downgraded Orbotech from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Orbotech currently has an average rating of “Buy” and a consensus target price of $39.14.
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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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