Orbotech's (ORBK) "Outperform" Rating Reaffirmed at Oppenheimer Holdings Inc
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 1:19
Its down 0.63, from 1.36 in 2016Q3.
ORBK has been the topic of several other reports. Victory Capital Management Inc. now owns 878,708 shares of the electronics maker's stock worth $28,338,000 after buying an additional 627,098 shares in the last quarter. Envestnet Asset Management Inc. now owns 3,616 shares of the electronics maker's stock valued at $119,000 after buying an additional 968 shares in the last quarter. LSV Asset Management boosted its position in Orbotech by 2.6% in the first quarter.
For the Current Quarter, the growth estimate for Orbotech Ltd.is -1.7%, while for the Next Quarter the stock growth estimate is 11.8%.
Hennessy Advisors Inc increased Capstar Finl Hldgs Inc stake by 190,000 shares to 320,000 valued at $7.03M in 2016Q4. Hood River Capital Management LLC now owns 612,031 shares of the electronics maker's stock worth $18,122,000 after buying an additional 313,391 shares during the last quarter. Emerald Acquisition Ltd. now owns 268,675 shares of the electronics maker's stock worth $7,956,000 after buying an additional 14,069 shares during the last quarter. Institutional investors and hedge funds own 70.42% of the company's stock.
Among 7 analysts covering Orbotech (NASDAQ:ORBK), 7 have Buy rating, 0 Sell and 0 Hold. Contrarius Inv Management Limited reported 2.64% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Orbotech Ltd has a 12 month low of $23.74 and a 12 month high of $37.48. The firm has a 50 day moving average of $33.33 and a 200-day moving average of $32.38. The firm has a market capitalization of $1.64 billion, a P/E ratio of 20.73 and a beta of 0.81.
Orbotech (NASDAQ:ORBK) last announced its quarterly earnings results on Wednesday, May 3rd. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.02. They expect $0.60 EPS, up 3.45 % or $0.02 from last year's $0.58 per share. The business's revenue was down 1.5% compared to the same quarter previous year. Its book value per share for the most recent quarter is $16.18 while its price to book ratio for the same period is 2.13, as for as the company's cash per share for the most recent quarter is $4.27, however its price to cash per share ratio for the same period is 8.07. The firm earned "Overweight" rating on Monday, December 21 by JP Morgan. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright law. The legal version of this piece can be viewed at https://www.thestockobserver.com/2017/05/24/orbotech-ltd-orbk-shares-bought-by-bank-hapoalim-bm.html.
The financial firm has just set a target price of $38.00 on Orbotech Inc (NDAQ:ORBK) shares. The firm has "Buy" rating by Needham given on Thursday, December 10.
Among 7 analysts covering Orbotech (NASDAQ:ORBK), 7 have Buy rating, 0 Sell and 0 Hold. Cowen and Company reaffirmed an "outperform" rating on shares of Orbotech in a report on Monday. Zacks Investment Research cut Orbotech from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 15th. The company presently has a consensus rating of "Buy" and a consensus target price of $36.86.
Orbotech Ltd.is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products.