Orbotech Ltd. (NASDAQ:ORBK) has been assigned an average rating of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $54.57.

Several research firms recently commented on ORBK. BidaskClub lowered shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. ValuEngine downgraded shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Stifel Nicolaus upped their price target on shares of Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Needham & Company LLC upped their price target on shares of Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research report on Tuesday, November 7th.

Several large investors have recently modified their holdings of ORBK. JPMorgan Chase & Co. lifted its position in shares of Orbotech by 929.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,146,419 shares of the electronics maker’s stock valued at $48,196,000 after acquiring an additional 1,035,068 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Orbotech by 58.1% in the 2nd 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Orbotech by 40.6% in the 2nd 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 in the last quarter. Menora Mivtachim Holdings LTD. lifted its position in Orbotech by 81.3% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,283,306 shares of the electronics maker’s stock worth $54,168,000 after buying an additional 575,307 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Orbotech by 110.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 66.17% of the company’s stock.

Orbotech (NASDAQ:ORBK) traded down $0.54 during mid-day trading on Thursday, reaching $50.30. 220,424 shares of the company traded hands, compared to its average volume of 381,280. Orbotech has a fifty-two week low of $28.01 and a fifty-two week high of $56.44. The firm has a market capitalization of $2,388.48, a price-to-earnings ratio of 19.40, a PEG ratio of 0.94 and a beta of 0.80. The company has a current ratio of 3.37, a quick ratio of 2.71 and a debt-to-equity ratio of 0.07.

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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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