Shares of Orbotech Ltd. (NASDAQ:ORBK) have received a consensus rating of “Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $54.57.
ORBK has been the subject of several analyst reports. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, September 6th. BidaskClub lowered Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Stifel Nicolaus started coverage on Orbotech in a research note on Thursday, August 31st. They set a “buy” rating and a $46.00 price target for the company. Finally, Barclays PLC upped their price target on Orbotech to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd.
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A number of institutional investors and hedge funds have recently bought and sold shares of ORBK. Malaga Cove Capital LLC increased its position in shares of Orbotech by 1.7% during the 2nd quarter. Malaga Cove Capital LLC now owns 18,371 shares of the electronics maker’s stock valued at $599,000 after purchasing an additional 300 shares during the period. Callahan Advisors LLC boosted its stake in shares of Orbotech by 1.4% during the 2nd quarter. Callahan Advisors LLC now owns 49,460 shares of the electronics maker’s stock worth $1,613,000 after acquiring an additional 685 shares in the last quarter. Strategic Global Advisors LLC boosted its stake in shares of Orbotech by 2.8% during the 2nd quarter. Strategic Global Advisors LLC now owns 29,670 shares of the electronics maker’s stock worth $968,000 after acquiring an additional 800 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Orbotech by 5.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,835 shares of the electronics maker’s stock worth $549,000 after acquiring an additional 864 shares in the last quarter. Finally, Renaissance Group LLC boosted its stake in shares of Orbotech by 7.7% during the 3rd quarter. Renaissance Group LLC now owns 14,938 shares of the electronics maker’s stock worth $631,000 after acquiring an additional 1,074 shares in the last quarter. Hedge funds and other institutional investors own 69.42% of the company’s stock.
Orbotech (NASDAQ:ORBK) traded down $0.75 on Friday, reaching $52.49. The company’s stock had a trading volume of 418,800 shares, compared to its average volume of 380,203. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37. The stock has a market capitalization of $2,540.00, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76. Orbotech has a one year low of $28.01 and a one year high of $53.95.
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.
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