Oppenheimer Weighs in on Orbotech Ltd’s FY2018 Earnings (ORBK)

Orbotech Ltd (NASDAQ:ORBK) – Equities researchers at Oppenheimer upped their FY2018 EPS estimates for Orbotech in a research report issued on Wednesday. Oppenheimer analyst A. Uerkwitz now anticipates that the electronics maker will post earnings per share of $3.39 for the year, up from their previous forecast of $3.38. Oppenheimer has a “Outperform” rating and a $54.00 price objective on the stock.

A number of other brokerages also recently issued reports on ORBK. BidaskClub upgraded Orbotech from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. ValuEngine downgraded Orbotech from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Needham & Company LLC boosted their price target on Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded Orbotech from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Barclays upped their target price on Orbotech to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $51.00.

Shares of Orbotech (ORBK) traded up $1.73 during trading hours on Friday, reaching $55.83. The company had a trading volume of 769,700 shares, compared to its average volume of 316,792. Orbotech has a 52 week low of $28.01 and a 52 week high of $56.44. The stock has a market cap of $2,710.00, a P/E ratio of 26.59, a PEG ratio of 0.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37.

Orbotech (NASDAQ:ORBK) last announced its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Orbotech had a return on equity of 15.72% and a net margin of 11.89%.

Hedge funds have recently bought and sold shares of the business. FNY Partners Fund LP grew its holdings in shares of Orbotech by 106.3% during the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock worth $126,000 after acquiring an additional 1,546 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Orbotech in the 3rd quarter worth approximately $135,000. Legal & General Group Plc boosted its position in shares of Orbotech by 293.4% in the 2nd quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after purchasing an additional 3,227 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Orbotech in the 3rd quarter worth approximately $210,000. Finally, Advisor Group Inc. boosted its position in shares of Orbotech by 325.1% in the 3rd quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock worth $230,000 after purchasing an additional 4,171 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

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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.

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