Orbotech Ltd. (NASDAQ:ORBK) Price Target Raised to $62.00 at Stifel Nicolaus

Orbotech Ltd. (NASDAQ:ORBK) had its target price lifted by Stifel Nicolaus from $52.00 to $62.00 in a report released on Tuesday, November 7th, Marketbeat.com reports. They currently have a buy rating on the electronics maker’s stock.

Other analysts also recently issued research reports about the stock. Jefferies Group LLC reissued a buy rating and set a $42.00 target price on shares of Orbotech in a research report on Tuesday, September 12th. BidaskClub raised shares of Orbotech from a sell rating to a hold rating in a research report on Saturday, August 12th. Zacks Investment Research raised shares of Orbotech from a hold rating to a buy rating and set a $41.00 target price on the stock in a research report on Wednesday, August 9th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $40.00 price objective (up from $38.00) on shares of Orbotech in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Orbotech has an average rating of Buy and a consensus price target of $51.00.

Shares of Orbotech (ORBK) opened at $56.28 on Tuesday. The firm has a market cap of $2,700.00, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.76. Orbotech has a 12-month low of $28.01 and a 12-month high of $56.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in shares of Orbotech by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,353,000 shares of the electronics maker’s stock valued at $76,755,000 after purchasing an additional 30,700 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in Orbotech by 40.6% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,001,779 shares of the electronics maker’s stock worth $65,298,000 after acquiring an additional 577,756 shares during the period. Ameriprise Financial Inc. raised its position in Orbotech by 58.1% during the second quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock worth $55,209,000 after acquiring an additional 622,014 shares during the period. Lord Abbett & CO. LLC raised its position in Orbotech by 12.9% during the second quarter. Lord Abbett & CO. LLC now owns 1,286,535 shares of the electronics maker’s stock worth $41,967,000 after acquiring an additional 147,031 shares during the period. Finally, Menora Mivtachim Holdings LTD. raised its position in Orbotech by 81.3% during the third quarter. Menora Mivtachim Holdings LTD. now owns 1,283,306 shares of the electronics maker’s stock worth $54,168,000 after acquiring an additional 575,307 shares during the period. Hedge funds and other institutional investors own 65.93% 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.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

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