Orbotech Ltd (NASDAQ:ORBK) – Analysts at Oppenheimer lifted their FY2018 earnings per share (EPS) estimates for shares of Orbotech in a research report issued to clients and investors on Wednesday. Oppenheimer analyst A. Uerkwitz now anticipates that the electronics maker will post earnings of $3.39 per share for the year, up from their prior forecast of $3.38. Oppenheimer currently has a “Outperform” rating and a $54.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Barclays increased their price target on shares of Orbotech to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus increased their price target on shares of Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $51.00.

Orbotech (ORBK) traded up $1.73 on Friday, hitting $55.83. 769,700 shares of the company’s stock traded hands, compared to its average volume of 316,792. Orbotech has a twelve month low of $28.01 and a twelve month high of $56.44. The company has a market cap of $2,710.00, a P/E ratio of 26.59, a PEG ratio of 0.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71.

Orbotech (NASDAQ:ORBK) last released its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Orbotech had a net margin of 11.89% and a return on equity of 15.72%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Callahan Advisors LLC lifted its stake in Orbotech by 10.5% in the third quarter. Callahan Advisors LLC now owns 54,655 shares of the electronics maker’s stock worth $2,307,000 after purchasing an additional 5,195 shares during the last quarter. Prudential Financial Inc. bought a new stake in Orbotech in the third quarter worth about $2,292,000. JPMorgan Chase & Co. lifted its stake in Orbotech by 929.6% in the third quarter. JPMorgan Chase & Co. now owns 1,146,419 shares of the electronics maker’s stock worth $48,196,000 after purchasing an additional 1,035,068 shares during the last quarter. Royal Bank of Canada lifted its stake in Orbotech by 126.7% in the second quarter. Royal Bank of Canada now owns 20,638 shares of the electronics maker’s stock worth $674,000 after purchasing an additional 11,535 shares during the last quarter. Finally, ETF Managers Group LLC bought a new stake in Orbotech in the second quarter worth about $470,000. 66.25% of the stock is owned by institutional investors and hedge funds.

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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.

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