A number of other analysts have also issued reports on ORBK. Zacks Investment Research lowered shares of Orbotech from a buy rating to a hold rating in a research note on Saturday, September 2nd. Supply Chain Market Research LLC lifted their price target on shares of Orbotech from $37.00 to $43.00 and gave the stock an outperform rating in a research note on Monday, August 7th. BidaskClub lowered shares of Orbotech from a hold rating to a sell rating in a research note on Thursday, August 3rd. Needham & Company LLC restated a buy rating and issued a $40.00 price target (up previously from $38.00) on shares of Orbotech in a research note on Thursday, August 3rd. Finally, Cowen and Company restated an outperform rating on shares of Orbotech in a research note on Monday, May 22nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Orbotech has an average rating of Buy and an average target price of $42.13.
Orbotech (ORBK) opened at 41.93 on Tuesday. The firm has a market cap of $2.01 billion, a PE ratio of 22.51 and a beta of 0.78. Orbotech has a 12-month low of $26.83 and a 12-month high of $42.33. The firm’s 50-day moving average is $37.79 and its 200 day moving average is $34.50.
Orbotech (NASDAQ:ORBK) last posted its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The company had revenue of $210.66 million for the quarter, compared to analyst estimates of $205.20 million. Orbotech had a net margin of 11.03% and a return on equity of 14.98%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Equities research analysts predict that Orbotech will post $2.80 EPS for the current year.
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Several large investors have recently modified their holdings of ORBK. State of New Jersey Common Pension Fund D increased its stake in shares of Orbotech by 68.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 39,536 shares of the electronics maker’s stock worth $1,275,000 after buying an additional 16,056 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Orbotech in the first quarter worth $452,000. Wells Fargo & Company MN boosted its holdings in Orbotech by 12.8% in the first quarter. Wells Fargo & Company MN now owns 855,903 shares of the electronics maker’s stock worth $27,602,000 after purchasing an additional 96,828 shares during the period. Eqis Capital Management Inc. acquired a new position in Orbotech in the first quarter worth $273,000. Finally, Advisors Asset Management Inc. boosted its holdings in Orbotech by 78.2% in the first quarter. Advisors Asset Management Inc. now owns 18,216 shares of the electronics maker’s stock worth $587,000 after purchasing an additional 7,996 shares during the period. Institutional investors and hedge funds own 69.92% of the company’s stock.
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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