Orbotech (NASDAQ:ORBK) Downgraded by Stifel Nicolaus to Hold

Stifel Nicolaus downgraded shares of Orbotech (NASDAQ:ORBK) to a hold rating in a report published on Monday, March 19th. They currently have $69.00 price target on the electronics maker’s stock.

A number of other research analysts also recently commented on ORBK. BidaskClub raised shares of Orbotech from a hold rating to a buy rating in a research report on Thursday, January 4th. Lake Street Capital restated a buy rating and issued a $62.00 price objective (up from $52.00) on shares of Orbotech in a research note on Monday, January 22nd. ValuEngine cut shares of Orbotech from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Finally, Zacks Investment Research cut shares of Orbotech from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $54.44.

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NASDAQ ORBK opened at $61.90 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.70 and a current ratio of 3.37. Orbotech has a 12 month low of $30.25 and a 12 month high of $65.75. The company has a market capitalization of $2,955.92, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

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

A number of institutional investors have recently made changes to their positions in ORBK. Vanguard Group Inc. grew its holdings in shares of Orbotech by 11.9% in the 2nd quarter. Vanguard Group Inc. now owns 25,452 shares of the electronics maker’s stock worth $830,000 after purchasing an additional 2,708 shares during the last quarter. State Street Corp grew its holdings in Orbotech by 9.6% during the 2nd quarter. State Street Corp now owns 318,065 shares of the electronics maker’s stock worth $10,374,000 after acquiring an additional 27,837 shares during the last quarter. Nationwide Fund Advisors grew its holdings in Orbotech by 9.8% during the 3rd quarter. Nationwide Fund Advisors now owns 66,300 shares of the electronics maker’s stock worth $2,799,000 after acquiring an additional 5,900 shares during the last quarter. Prudential Financial Inc. bought a new stake in Orbotech during the 3rd quarter worth about $2,292,000. Finally, Principal Financial Group Inc. grew its holdings in Orbotech by 7.9% during the 3rd quarter. Principal Financial Group Inc. now owns 424,817 shares of the electronics maker’s stock worth $17,932,000 after acquiring an additional 30,971 shares during the last quarter. 74.67% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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