BidaskClub cut shares of Orbotech Ltd (NASDAQ:ORBK) from a buy rating to a hold rating in a research note published on Thursday, July 27th.
Several other research firms have also recently commented on ORBK. Cowen and Company restated an outperform rating on shares of Orbotech in a report on Monday, May 22nd. Standpoint Research cut Orbotech from a buy rating to a hold rating in a report on Monday, May 22nd. Zacks Investment Research cut Orbotech from a hold rating to a sell rating in a report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reissued an outperform rating and set a $42.00 price target on shares of Orbotech in a research report on Tuesday, May 23rd. Finally, Needham & Company LLC reissued a buy rating and set a $38.00 price target on shares of Orbotech in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Orbotech currently has an average rating of Buy and a consensus target price of $38.00.
Shares of Orbotech (NASDAQ ORBK) opened at 36.73 on Thursday. The company has a 50 day moving average of $34.92 and a 200-day moving average of $33.57. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 19.72 and a beta of 0.80. Orbotech has a one year low of $26.69 and a one year high of $37.84.
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. The company had revenue of $210.66 million during the quarter, compared to analysts’ expectations of $205.20 million. Orbotech had a return on equity of 7.83% and a net margin of 7.88%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, analysts anticipate that Orbotech will post $2.80 earnings per share for the current year.
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Several large investors have recently modified their holdings of the stock. LSV Asset Management increased its stake in shares of Orbotech by 2.6% in the first quarter. LSV Asset Management now owns 1,840,457 shares of the electronics maker’s stock worth $59,354,000 after buying an additional 45,836 shares during the period. FMR LLC increased its stake in shares of Orbotech by 8.8% in the first quarter. FMR LLC now owns 1,490,733 shares of the electronics maker’s stock worth $48,076,000 after buying an additional 120,871 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Orbotech by 77.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,424,023 shares of the electronics maker’s stock worth $45,925,000 after buying an additional 621,478 shares during the period. Neumeier Poma Investment Counsel LLC increased its stake in shares of Orbotech by 13.0% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,271,875 shares of the electronics maker’s stock worth $41,018,000 after buying an additional 146,355 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Orbotech by 79.1% in the first quarter. Ameriprise Financial Inc. now owns 1,070,472 shares of the electronics maker’s stock worth $34,523,000 after buying an additional 472,680 shares during the period. Institutional investors and hedge funds own 70.66% of the company’s stock.
About Orbotech
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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