Orbotech Ltd. (ORBK) Price Target Increased to $54.00 by Analysts at Oppenheimer Holdings, Inc.
Orbotech Ltd. (NASDAQ:ORBK) had its target price increased by equities research analysts at Oppenheimer Holdings, Inc. from $42.00 to $54.00 in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the electronics maker’s stock. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 20.75% from the company’s current price.
Several other equities research analysts have also recently commented on ORBK. Supply Chain Market Research LLC upped their price target on Orbotech from $37.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Barclays PLC upped their price target on Orbotech from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday. BidaskClub upgraded Orbotech from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Saturday, August 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target (up previously from $38.00) on shares of Orbotech in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.56.
Orbotech (NASDAQ:ORBK) last released its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. The business had revenue of $210.66 million during the quarter, compared to analysts’ expectations of $205.20 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year.
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A number of institutional investors have recently bought and sold shares of ORBK. OppenheimerFunds Inc. acquired a new stake in Orbotech in the first quarter valued at $242,000. FMR LLC grew its holdings in Orbotech by 8.8% in the first quarter. FMR LLC now owns 1,490,733 shares of the electronics maker’s stock valued at $48,076,000 after purchasing an additional 120,871 shares during the last quarter. Teachers Advisors LLC grew its holdings in Orbotech by 125.0% in the first quarter. Teachers Advisors LLC now owns 398,338 shares of the electronics maker’s stock valued at $12,846,000 after purchasing an additional 221,312 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in Orbotech by 3.9% in the first quarter. TIAA CREF Investment Management LLC now owns 186,355 shares of the electronics maker’s stock valued at $6,010,000 after purchasing an additional 7,017 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Orbotech by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 22,540 shares of the electronics maker’s stock valued at $728,000 after purchasing an additional 2,740 shares during the last quarter. 69.08% of the stock is currently owned by institutional investors.
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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