BidaskClub Downgrades Orbotech Ltd. (ORBK) to Sell

Orbotech Ltd. (NASDAQ:ORBK) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Orbotech from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Standpoint Research lowered shares of Orbotech from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. Cowen and Company upped their price target on shares of Orbotech from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Orbotech in a report on Tuesday, May 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Orbotech in a report on Wednesday, May 3rd. 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 stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.14.

Orbotech (NASDAQ:ORBK) traded down 1.53% during trading on Thursday, reaching $35.93. The company had a trading volume of 355,753 shares. The firm has a market capitalization of $1.72 billion, a P/E ratio of 19.29 and a beta of 0.80. Orbotech has a 52 week low of $26.69 and a 52 week high of $37.75. The stock has a 50 day moving average price of $34.70 and a 200 day moving average price of $33.50.

Orbotech (NASDAQ:ORBK) last posted its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.59 by $0.08. Orbotech had a net margin of 11.03% and a return on equity of 15.26%. The company had revenue of $210.66 million for the quarter, compared to analyst estimates of $205.20 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Analysts predict that Orbotech will post $2.77 earnings per share for the current year.

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Large investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC raised its stake in Orbotech by 1.6% in the first quarter. Northwest Investment Counselors LLC now owns 18,009 shares of the electronics maker’s stock valued at $581,000 after buying an additional 277 shares during the last quarter. Malaga Cove Capital LLC raised its stake in Orbotech by 1.7% in the second quarter. Malaga Cove Capital LLC now owns 18,371 shares of the electronics maker’s stock valued at $599,000 after buying an additional 300 shares during the last quarter. Renaissance Group LLC raised its stake in Orbotech by 2.7% in the first quarter. Renaissance Group LLC now owns 12,782 shares of the electronics maker’s stock valued at $412,000 after buying an additional 340 shares during the last quarter. Cutter & CO Brokerage Inc. raised its stake in Orbotech by 10.3% in the first quarter. Cutter & CO Brokerage Inc. now owns 7,292 shares of the electronics maker’s stock valued at $235,000 after buying an additional 683 shares during the last quarter. Finally, Callahan Advisors LLC raised its stake in Orbotech by 1.4% in the second quarter. Callahan Advisors LLC now owns 49,460 shares of the electronics maker’s stock valued at $1,613,000 after buying an additional 685 shares during the last quarter. 69.38% of the stock is currently 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.