Orbotech (NASDAQ:ORBK) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Barclays boosted their target price on shares of Orbotech to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Stifel Nicolaus boosted their target price on shares of Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Jefferies Group reiterated a “buy” rating and issued a $42.00 target price on shares of Orbotech in a research note on Tuesday, September 12th. Finally, Oppenheimer boosted their target price on shares of Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $51.00.

Orbotech (ORBK) opened at $49.86 on Thursday. The company has a quick ratio of 2.71, a current ratio of 3.37 and a debt-to-equity ratio of 0.07. Orbotech has a 12 month low of $28.01 and a 12 month high of $56.44. The stock has a market cap of $2,405.72, a price-to-earnings ratio of 19.54, a P/E/G ratio of 0.95 and a beta of 0.80.

A number of large investors have recently bought and sold shares of the business. Strategic Global Advisors LLC raised its position in Orbotech by 2.8% during the second 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 during the period. Oppenheimer & Co. Inc. raised its position in Orbotech by 5.4% during the second quarter. Oppenheimer & Co. Inc. now owns 16,835 shares of the electronics maker’s stock worth $549,000 after acquiring an additional 864 shares during the period. Renaissance Group LLC raised its position in Orbotech by 7.7% during the third 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 during the period. California Public Employees Retirement System raised its position in Orbotech by 0.8% during the second quarter. California Public Employees Retirement System now owns 180,500 shares of the electronics maker’s stock worth $5,888,000 after acquiring an additional 1,500 shares during the period. Finally, FNY Partners Fund LP raised its position in Orbotech by 106.3% during the third quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock worth $126,000 after acquiring an additional 1,546 shares during the period. Institutional investors own 66.17% of the company’s stock.

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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.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

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