Orbotech Ltd (NASDAQ:ORBK)’s share price reached a new 52-week high on Monday . The stock traded as high as $62.79 and last traded at $62.79, with a volume of 3983155 shares. The stock had previously closed at $59.90.
Several equities analysts have weighed in on ORBK shares. BidaskClub raised Orbotech from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. ValuEngine downgraded Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Lake Street Capital reissued a “buy” rating and set a $62.00 price target (up previously from $52.00) on shares of Orbotech in a research report on Monday, January 22nd. Finally, Zacks Investment Research downgraded Orbotech from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Orbotech has an average rating of “Buy” and an average price target of $53.78.
The firm has a market capitalization of $2,898.57, a PE ratio of 22.10, a P/E/G ratio of 0.97 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.70 and a current ratio of 3.37.
Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, February 14th. The electronics maker reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.02. The business had revenue of $256.90 million during the quarter, compared to the consensus estimate of $256.02 million. Orbotech had a return on equity of 15.98% and a net margin of 14.69%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. sell-side analysts predict that Orbotech Ltd will post 3.3 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Renaissance Group LLC grew its position in shares of Orbotech by 7.7% in the third quarter. Renaissance Group LLC now owns 14,938 shares of the electronics maker’s stock valued at $631,000 after purchasing an additional 1,074 shares during the period. Penserra Capital Management LLC boosted its holdings in Orbotech by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 7,000 shares of the electronics maker’s stock valued at $351,000 after acquiring an additional 1,100 shares during the last quarter. Aperio Group LLC boosted its holdings in Orbotech by 3.8% in the fourth quarter. Aperio Group LLC now owns 37,240 shares of the electronics maker’s stock valued at $1,871,000 after acquiring an additional 1,357 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Orbotech by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 190,803 shares of the electronics maker’s stock valued at $9,586,000 after acquiring an additional 1,442 shares during the last quarter. Finally, FNY Partners Fund LP boosted its holdings in Orbotech by 106.3% in the third quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock valued at $126,000 after acquiring an additional 1,546 shares during the last quarter. 74.72% of the stock is owned by institutional investors and hedge funds.
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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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