Orbotech (ORBK) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Orbotech (NASDAQ:ORBK) from a buy rating to a hold rating in a report published on Tuesday morning.

A number of other brokerages have also weighed in on ORBK. Zacks Investment Research lowered Orbotech from a buy rating to a hold rating in a research note on Saturday, October 6th. BidaskClub lowered Orbotech from a hold rating to a sell rating in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $61.00.

Shares of Orbotech stock opened at $54.70 on Tuesday. Orbotech has a fifty-two week low of $44.14 and a fifty-two week high of $65.75. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 0.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.80 and a current ratio of 3.52.

Orbotech (NASDAQ:ORBK) last issued its quarterly earnings results on Wednesday, November 7th. The electronics maker reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.11). Orbotech had a return on equity of 17.77% and a net margin of 15.56%. The business had revenue of $261.23 million for the quarter, compared to analysts’ expectations of $262.49 million. Analysts expect that Orbotech will post 3.3 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Robecosam AG acquired a new stake in shares of Orbotech during the 3rd quarter worth $157,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Orbotech during the 3rd quarter worth $173,000. Altshuler Shaham Ltd acquired a new stake in shares of Orbotech during the 2nd quarter worth $176,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Orbotech during the 2nd quarter worth $248,000. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of Orbotech during the 3rd quarter worth $294,000. Institutional investors and hedge funds own 69.97% of the company’s stock.

About Orbotech

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.

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

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