Orbotech (ORBK) Earns “Buy” Rating from Lake Street Capital

Orbotech (NASDAQ:ORBK)‘s stock had its “buy” rating reissued by stock analysts at Lake Street Capital in a report issued on Monday, The Fly reports. They presently have a $62.00 target price on the electronics maker’s stock. Lake Street Capital’s price target points to a potential upside of 10.10% from the company’s current price.

ORBK has been the topic of several other reports. ValuEngine downgraded Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus boosted their target price on Orbotech from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Needham & Company LLC boosted their target price on Orbotech from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded Orbotech from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $52.10.

Orbotech (ORBK) opened at $56.31 on Monday. Orbotech has a fifty-two week low of $28.01 and a fifty-two week high of $56.77. The stock has a market capitalization of $2,700.00, a price-to-earnings ratio of 26.81, a PEG ratio of 0.91 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71.

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 the Zacks’ consensus estimate of $0.80 by $0.06. Orbotech had a return on equity of 15.72% and a net margin of 11.89%. sell-side analysts anticipate that Orbotech will post 2.76 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of ORBK. Legal & General Group Plc lifted its position in Orbotech by 293.4% during the 2nd quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after acquiring an additional 3,227 shares during the period. Swiss National Bank lifted its position in Orbotech by 3.0% during the 2nd quarter. Swiss National Bank now owns 76,300 shares of the electronics maker’s stock worth $2,489,000 after acquiring an additional 2,200 shares during the period. Vanguard Group Inc. lifted its position in Orbotech by 11.9% during the 2nd quarter. Vanguard Group Inc. now owns 25,452 shares of the electronics maker’s stock worth $830,000 after acquiring an additional 2,708 shares during the period. California Public Employees Retirement System lifted its position in Orbotech by 0.8% during the 2nd quarter. California Public Employees Retirement System now owns 180,500 shares of the electronics maker’s stock worth $5,888,000 after acquiring an additional 1,500 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Orbotech during the 2nd quarter worth about $252,000. 66.25% of the stock is owned by institutional investors.

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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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