Orbotech Ltd. (NASDAQ:ORBK) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Orbotech from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Cowen and Company raised their target price on Orbotech from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 3rd. Standpoint Research cut Orbotech from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Orbotech in a research report on Monday, March 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Orbotech in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.86.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

Orbotech (NASDAQ ORBK) traded down 2.64% during trading on Tuesday, hitting $33.22. The stock had a trading volume of 179,247 shares. Orbotech has a 52 week low of $23.74 and a 52 week high of $37.48. The company has a 50-day moving average of $35.36 and a 200-day moving average of $33.04. The stock has a market capitalization of $1.59 billion, a P/E ratio of 20.11 and a beta of 0.59.

Orbotech (NASDAQ:ORBK) last posted its earnings results on Wednesday, May 3rd. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The company had revenue of $187.60 million for the quarter, compared to analysts’ expectations of $186.87 million. Orbotech had a return on equity of 14.87% and a net margin of 9.78%. Orbotech’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. On average, equities analysts expect that Orbotech will post $2.69 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in Orbotech by 249.2% in the first quarter. Victory Capital Management Inc. now owns 878,708 shares of the electronics maker’s stock valued at $28,338,000 after buying an additional 627,098 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Orbotech by 77.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,424,023 shares of the electronics maker’s stock valued at $45,925,000 after buying an additional 621,478 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Orbotech by 79.1% in the first quarter. Ameriprise Financial Inc. now owns 1,070,472 shares of the electronics maker’s stock valued at $34,523,000 after buying an additional 472,680 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Orbotech during the fourth quarter valued at $12,860,000. Finally, Russell Investments Group Ltd. purchased a new stake in Orbotech during the fourth quarter valued at $8,367,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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