Orbotech Ltd. (ORBK) Given Average Recommendation of “Buy” by Analysts

Orbotech Ltd. (NASDAQ:ORBK) has been given a consensus rating of “Buy” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $54.57.

Several research analysts have issued reports on ORBK shares. Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research report on Tuesday, November 7th. Needham & Company LLC lifted their price target on shares of Orbotech from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Stifel Nicolaus lifted their price target on shares of Orbotech from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Oppenheimer lifted their price target on shares of Orbotech from $42.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Barclays lifted their price target on shares of Orbotech to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in Orbotech by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,353,000 shares of the electronics maker’s stock worth $76,755,000 after purchasing an additional 30,700 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Orbotech by 40.6% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,001,779 shares of the electronics maker’s stock worth $65,298,000 after purchasing an additional 577,756 shares in the last quarter. Ameriprise Financial Inc. grew its position in Orbotech by 58.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock worth $55,209,000 after purchasing an additional 622,014 shares in the last quarter. Lord Abbett & CO. LLC grew its position in Orbotech by 12.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,286,535 shares of the electronics maker’s stock worth $41,967,000 after purchasing an additional 147,031 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. grew its position in Orbotech by 81.3% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,283,306 shares of the electronics maker’s stock worth $54,168,000 after purchasing an additional 575,307 shares in the last quarter. Hedge funds and other institutional investors own 66.17% of the company’s stock.

Orbotech (NASDAQ ORBK) traded up $0.94 during trading on Thursday, reaching $50.22. 223,623 shares of the company’s stock traded hands, compared to its average volume of 382,842. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37. The firm has a market capitalization of $2,368.36, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 0.94 and a beta of 0.80. Orbotech has a 12-month low of $28.01 and a 12-month high of $56.44.

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About Orbotech

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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