Orbotech Ltd. (ORBK) Receives Average Recommendation of “Buy” from Brokerages
Orbotech Ltd. (NASDAQ:ORBK) has been assigned a consensus rating of “Buy” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $54.57.
A number of brokerages have recently weighed in on ORBK. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, September 6th. BidaskClub downgraded Orbotech from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Stifel Nicolaus began coverage on Orbotech in a report on Thursday, August 31st. They issued a “buy” rating and a $46.00 price target for the company. Finally, Barclays PLC boosted their price target on Orbotech to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd.
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Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Partners Fund LP grew its stake in Orbotech by 106.3% during the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock worth $126,000 after buying an additional 1,546 shares during the last quarter. Macquarie Group Ltd. bought a new position in Orbotech during the 3rd quarter worth $135,000. Legal & General Group Plc grew its stake in Orbotech by 293.4% during the 2nd quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after buying an additional 3,227 shares during the last quarter. Airain ltd bought a new position in Orbotech during the 2nd quarter worth $208,000. Finally, Trexquant Investment LP bought a new position in Orbotech during the 3rd quarter worth $210,000. Hedge funds and other institutional investors own 70.24% of the company’s stock.
Shares of Orbotech (ORBK) traded up $0.33 during midday trading on Friday, hitting $52.20. The stock had a trading volume of 482,000 shares, compared to its average volume of 380,136. Orbotech has a 1-year low of $28.01 and a 1-year high of $53.95. The company has a quick ratio of 2.71, a current ratio of 3.37 and a debt-to-equity ratio of 0.07. The company has a market cap of $2,500.59, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76.
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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