Orbotech (ORBK) Downgraded by ValuEngine

Orbotech (NASDAQ:ORBK) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Barclays upped their price objective on Orbotech to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Stifel Nicolaus upped their price objective on Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Jefferies Group reiterated a “buy” rating and issued a $42.00 price objective on shares of Orbotech in a research note on Tuesday, September 12th. Finally, Oppenheimer upped their price objective on Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $51.00.

Orbotech (NASDAQ:ORBK) traded down $0.98 during trading on Friday, reaching $49.68. The company had a trading volume of 376,696 shares, compared to its average volume of 436,328. Orbotech has a fifty-two week low of $28.01 and a fifty-two week high of $56.44. The company has a current ratio of 3.37, a quick ratio of 2.71 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2,330.00, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 0.96 and a beta of 0.76.

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in Orbotech by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,353,000 shares of the electronics maker’s stock valued at $76,755,000 after acquiring an additional 30,700 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Orbotech by 40.6% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,001,779 shares of the electronics maker’s stock valued at $65,298,000 after acquiring an additional 577,756 shares during the period. Ameriprise Financial Inc. raised its holdings in Orbotech by 58.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock valued at $55,209,000 after acquiring an additional 622,014 shares during the period. Lord Abbett & CO. LLC raised its holdings in Orbotech by 12.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,286,535 shares of the electronics maker’s stock valued at $41,967,000 after acquiring an additional 147,031 shares during the period. Finally, Menora Mivtachim Holdings LTD. raised its holdings in Orbotech by 81.3% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,283,306 shares of the electronics maker’s stock valued at $54,168,000 after acquiring an additional 575,307 shares during the period. 66.13% of the stock is currently owned by institutional investors and hedge funds.

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Orbotech Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

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