Orbotech (NASDAQ:ORBK) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other equities research analysts also recently weighed in on ORBK. Zacks Investment Research raised Orbotech from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. ValuEngine raised Orbotech from a “hold” rating to a “buy” rating in a report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $61.00.

ORBK stock opened at $59.24 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.88 and a quick ratio of 3.06. Orbotech has a one year low of $44.14 and a one year high of $65.75. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.08 and a beta of 0.74.

Orbotech (NASDAQ:ORBK) last released its quarterly earnings data on Wednesday, November 7th. The electronics maker reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.11). Orbotech had a return on equity of 16.36% and a net margin of 14.62%. The company had revenue of $261.23 million for the quarter, compared to the consensus estimate of $262.49 million. As a group, sell-side analysts anticipate that Orbotech will post 3.15 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alpine Associates Management Inc. lifted its holdings in shares of Orbotech by 273.7% during the third quarter. Alpine Associates Management Inc. now owns 1,947,434 shares of the electronics maker’s stock worth $115,755,000 after buying an additional 1,426,350 shares in the last quarter. Millennium Management LLC raised its stake in Orbotech by 182.0% in the second quarter. Millennium Management LLC now owns 882,010 shares of the electronics maker’s stock valued at $54,508,000 after purchasing an additional 569,263 shares in the last quarter. BlackRock Inc. raised its stake in Orbotech by 2.3% in the third quarter. BlackRock Inc. now owns 818,332 shares of the electronics maker’s stock valued at $48,642,000 after purchasing an additional 18,251 shares in the last quarter. Wells Fargo & Company MN raised its stake in Orbotech by 8.9% in the third quarter. Wells Fargo & Company MN now owns 698,990 shares of the electronics maker’s stock valued at $41,548,000 after purchasing an additional 56,975 shares in the last quarter. Finally, Morgan Stanley raised its stake in Orbotech by 43.2% in the third quarter. Morgan Stanley now owns 541,251 shares of the electronics maker’s stock valued at $32,172,000 after purchasing an additional 163,248 shares in the last quarter. 71.08% of the stock is owned by institutional investors.

Orbotech Company Profile

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.

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