Orbotech (ORBK) Given Consensus Rating of “Buy” by Brokerages

Shares of Orbotech (NASDAQ:ORBK) have received an average rating of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $53.40.

Several analysts have recently weighed in on ORBK shares. BidaskClub upgraded shares of Orbotech from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 22nd. Lake Street Capital downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Jefferies Group downgraded shares of Orbotech from a “buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a research report on Tuesday, March 20th. Needham & Company LLC downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Finally, Stifel Nicolaus downgraded shares of Orbotech to a “hold” rating and set a $69.00 price objective for the company. in a research report on Monday, March 19th.

How to Become a New Pot Stock Millionaire

Hedge funds have recently added to or reduced their stakes in the stock. Invictus RG raised its position in Orbotech by 47.6% in the 4th quarter. Invictus RG now owns 13,871 shares of the electronics maker’s stock valued at $697,000 after purchasing an additional 4,472 shares during the last quarter. Renaissance Technologies LLC raised its position in Orbotech by 14.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,642,800 shares of the electronics maker’s stock valued at $132,774,000 after purchasing an additional 324,200 shares during the last quarter. Lazard Asset Management LLC raised its position in Orbotech by 8.7% in the 4th quarter. Lazard Asset Management LLC now owns 413,540 shares of the electronics maker’s stock valued at $20,776,000 after purchasing an additional 32,930 shares during the last quarter. Allianz Asset Management GmbH raised its position in Orbotech by 96.1% in the 4th quarter. Allianz Asset Management GmbH now owns 273,357 shares of the electronics maker’s stock valued at $13,734,000 after purchasing an additional 133,926 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Orbotech by 0.8% in the 4th quarter. California Public Employees Retirement System now owns 190,803 shares of the electronics maker’s stock valued at $9,586,000 after purchasing an additional 1,442 shares during the last quarter. Hedge funds and other institutional investors own 74.67% of the company’s stock.

NASDAQ ORBK traded down $0.45 on Wednesday, hitting $61.45. 165,944 shares of the stock were exchanged, compared to its average volume of 617,963. The company has a quick ratio of 2.70, a current ratio of 3.37 and a debt-to-equity ratio of 0.06. Orbotech has a fifty-two week low of $30.25 and a fifty-two week high of $65.75. The stock has a market capitalization of $2,936.05, a PE ratio of 22.44, a price-to-earnings-growth ratio of 0.98 and a beta of 0.62.

Orbotech (NASDAQ:ORBK) last posted its quarterly earnings results on Wednesday, February 14th. The electronics maker reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. Orbotech had a net margin of 14.69% and a return on equity of 15.98%. The company had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $256.02 million. During the same quarter in the previous year, the business posted $0.70 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. equities research analysts expect that Orbotech will post 3.3 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Week Herald and is the property of of Week Herald. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://weekherald.com/2018/04/18/orbotech-orbk-given-consensus-rating-of-buy-by-brokerages.html.

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.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

Receive News & Ratings for Orbotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbotech and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply