Orbotech Ltd (NASDAQ:ORBK) has been given an average recommendation of “Buy” by the twelve research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $55.43.
A number of equities analysts recently commented on the stock. BidaskClub raised shares of Orbotech from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. ValuEngine downgraded shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Lake Street Capital reissued a “buy” rating and issued a $62.00 price objective (up previously from $52.00) on shares of Orbotech in a research note on Monday, January 22nd.
Hedge funds have recently modified their holdings of the company. FNY Partners Fund LP increased its position in shares of 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 purchasing an additional 1,546 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Orbotech during the third quarter worth $135,000. Buckley Wealth Management LLC acquired a new position in shares of Orbotech during the fourth quarter worth $206,000. Trexquant Investment LP acquired a new position in shares of Orbotech during the third quarter worth $210,000. Finally, Advisor Group Inc. increased its position in shares of Orbotech by 325.1% in the 3rd quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock valued at $230,000 after acquiring an additional 4,171 shares during the period. 74.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of Orbotech (NASDAQ ORBK) traded up $0.69 during trading hours on Friday, hitting $59.90. The company’s stock had a trading volume of 340,186 shares, compared to its average volume of 360,636. Orbotech has a fifty-two week low of $30.25 and a fifty-two week high of $60.42. The stock has a market capitalization of $2,865.18, a price-to-earnings ratio of 22.10, a PEG ratio of 0.96 and a beta of 0.71. 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 (NASDAQ:ORBK) last announced its earnings results on Wednesday, February 14th. The electronics maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. The business had revenue of $256.90 million during the quarter, compared to analyst estimates of $256.02 million. Orbotech had a return on equity of 15.98% and a net margin of 14.69%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. analysts expect that Orbotech will post 3.3 earnings per share for the current fiscal year.
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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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