Orbotech (NASDAQ:ORBK) issued its quarterly earnings data on Wednesday. The electronics maker reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02, Briefing.com reports. The firm had revenue of $256.90 million for the quarter, compared to the consensus estimate of $256.02 million. Orbotech had a net margin of 11.89% and a return on equity of 15.72%. Orbotech’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS.
Orbotech (NASDAQ ORBK) opened at $51.06 on Thursday. The company has a market cap of $2,450.00, a PE ratio of 24.31, a price-to-earnings-growth ratio of 0.78 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37. Orbotech has a 52 week low of $28.36 and a 52 week high of $57.09.
A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Group LLC increased its stake in Orbotech by 7.7% during the 3rd quarter. Renaissance Group LLC now owns 14,938 shares of the electronics maker’s stock valued at $631,000 after buying an additional 1,074 shares during the period. Penserra Capital Management LLC increased its stake in Orbotech by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 7,000 shares of the electronics maker’s stock valued at $351,000 after buying an additional 1,100 shares during the period. Aperio Group LLC increased its stake in Orbotech by 3.8% during the 4th quarter. Aperio Group LLC now owns 37,240 shares of the electronics maker’s stock valued at $1,871,000 after buying an additional 1,357 shares during the period. California Public Employees Retirement System grew its stake in shares of Orbotech by 0.8% in the 4th quarter. California Public Employees Retirement System now owns 190,803 shares of the electronics maker’s stock worth $9,586,000 after purchasing an additional 1,442 shares during the last quarter. Finally, FNY Partners Fund LP grew its stake in shares of Orbotech by 106.3% in the 3rd 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 during the last quarter. 65.20% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in 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 objective on the stock in a research report on Tuesday, November 7th. Stifel Nicolaus lifted their price objective on shares of Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Needham & Company LLC raised their target price 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. ValuEngine cut shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Oppenheimer raised their target price on shares of Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $52.10.
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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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