Orbotech Ltd. (ORBK) Receives Average Rating of “Buy” from Brokerages
Shares of Orbotech Ltd. (NASDAQ:ORBK) have been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $54.57.
ORBK has been the topic of several recent analyst reports. Supply Chain Market Research LLC upped their price objective on shares of Orbotech from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research report on Tuesday, November 7th. Needham & Company LLC increased their price objective on Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. BidaskClub raised Orbotech from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Stifel Nicolaus raised their target price on Orbotech from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th.
A number of large investors have recently added to or reduced their stakes in ORBK. JPMorgan Chase & Co. boosted its stake in shares of Orbotech by 929.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,146,419 shares of the electronics maker’s stock worth $48,196,000 after acquiring an additional 1,035,068 shares in the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Orbotech in the second quarter worth $23,095,000. Ameriprise Financial Inc. boosted its position in shares of Orbotech by 58.1% in the second quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock worth $55,209,000 after buying an additional 622,014 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Orbotech by 40.6% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,001,779 shares of the electronics maker’s stock worth $65,298,000 after buying an additional 577,756 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in shares of Orbotech by 110.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,044,286 shares of the electronics maker’s stock worth $44,079,000 after buying an additional 546,909 shares during the period. 69.42% of the stock is currently owned by institutional investors.
Orbotech (NASDAQ:ORBK) traded down $0.75 during midday trading on Friday, reaching $52.49. 418,800 shares of the company’s stock traded hands, compared to its average volume of 380,203. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71. The stock has a market capitalization of $2,540.00, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76. Orbotech has a 52 week low of $28.01 and a 52 week high of $53.95.
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.
Receive News & Stock Ratings for Orbotech Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbotech Ltd. and related stocks with our FREE daily email newsletter.