Orbotech Ltd. (NASDAQ:ORBK) – Analysts at Jefferies Group boosted their Q3 2017 earnings estimates for Orbotech in a research note issued on Wednesday. Jefferies Group analyst M. Lipacis now forecasts that the electronics maker will post earnings of $0.80 per share for the quarter, up from their previous forecast of $0.78. Jefferies Group has a “Buy” rating on the stock.

Several other equities analysts have also commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target (up previously from $38.00) on shares of Orbotech in a research note on Thursday. BidaskClub lowered Orbotech from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research raised Orbotech from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $42.00 target price on shares of Orbotech in a research note on Tuesday, May 23rd. Finally, Cowen and Company reissued an “outperform” rating on shares of Orbotech in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $37.14.

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Shares of Orbotech (NASDAQ:ORBK) opened at 35.93 on Monday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 19.29 and a beta of 0.80. The firm has a 50-day moving average price of $34.70 and a 200-day moving average price of $33.50. Orbotech has a 1-year low of $26.69 and a 1-year high of $37.75.

Orbotech (NASDAQ:ORBK) last released its earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. Orbotech had a return on equity of 15.26% and a net margin of 11.03%. The business had revenue of $210.66 million for the quarter, compared to analyst estimates of $205.20 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Orbotech by 28.5% in the fourth quarter. State Street Corp now owns 288,657 shares of the electronics maker’s stock valued at $9,642,000 after buying an additional 64,074 shares during the last quarter. Teachers Advisors LLC purchased a new position in Orbotech during the fourth quarter valued at about $5,914,000. Prentiss Smith & Co. Inc. raised its position in Orbotech by 27.9% in the first quarter. Prentiss Smith & Co. Inc. now owns 193,855 shares of the electronics maker’s stock valued at $6,252,000 after buying an additional 42,278 shares during the last quarter. Navellier & Associates Inc raised its position in Orbotech by 3.3% in the first quarter. Navellier & Associates Inc now owns 50,350 shares of the electronics maker’s stock valued at $1,624,000 after buying an additional 1,623 shares during the last quarter. Finally, Northwest Investment Counselors LLC raised its position in Orbotech by 1.6% in the first quarter. Northwest Investment Counselors LLC now owns 18,009 shares of the electronics maker’s stock valued at $581,000 after buying an additional 277 shares during the last quarter. 69.38% of the stock is currently owned by hedge funds and other institutional investors.

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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