Orbotech Ltd. (ORBK) Receives $54.57 Consensus PT from Brokerages

Orbotech Ltd. (NASDAQ:ORBK) has earned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $54.57.

Several research firms have recently weighed in on ORBK. BidaskClub downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus boosted their price objective on shares of Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Needham & Company LLC boosted their price objective on shares of Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, November 7th.

Institutional investors have recently made changes to their positions in the business. FNY Partners Fund LP lifted its position in Orbotech by 106.3% during the third quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock valued at $126,000 after purchasing an additional 1,546 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Orbotech during the third quarter valued at approximately $135,000. Legal & General Group Plc lifted its position in Orbotech by 293.4% during the second quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock valued at $141,000 after purchasing an additional 3,227 shares during the last quarter. Trexquant Investment LP bought a new stake in Orbotech during the third quarter valued at approximately $210,000. Finally, Advisor Group Inc. lifted its position in Orbotech by 325.1% during the third quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock valued at $230,000 after purchasing an additional 4,171 shares during the last quarter. Institutional investors and hedge funds own 66.17% of the company’s stock.

Orbotech (NASDAQ ORBK) traded down $0.36 on Thursday, hitting $49.86. 263,110 shares of the stock traded hands, compared to its average volume of 403,625. The stock has a market capitalization of $2,388.49, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 0.94 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 has a 52-week low of $28.01 and a 52-week high of $56.44.

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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.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

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