Zacks Investment Research Downgrades Orbotech (ORBK) to Sell

Orbotech (NASDAQ:ORBK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Orbotech LTD. is the world leader in the design, development, manufacture and marketing of AOI systems for use in the manufacture of printed circuit boards and flat panel displays and is a leader in the design, development, manufacture and marketing of imaging solutions for PCB production and of AOI systems for use in the electronics assembly industry. They market computer aided manufacturing solutions for PCB production and continue to develop its proprietary AOI technologies for use in other applications both within and outside the electronics industry. (press release) “

A number of other research analysts also recently weighed in on ORBK. BidaskClub downgraded shares of Orbotech from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. ValuEngine downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $61.00.



Shares of Orbotech stock opened at $59.24 on Wednesday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.08 and a beta of 0.74. Orbotech has a fifty-two week low of $44.14 and a fifty-two week high of $65.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.88 and a quick ratio of 3.06.

Orbotech (NASDAQ:ORBK) last issued its quarterly earnings data 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). The firm had revenue of $261.23 million during the quarter, compared to analyst estimates of $262.49 million. Orbotech had a return on equity of 16.36% and a net margin of 14.62%. On average, sell-side analysts predict that Orbotech will post 3.15 earnings per share for the current year.

Several institutional investors have recently modified their holdings of ORBK. Robecosam AG acquired a new position in shares of Orbotech during the 3rd quarter worth about $157,000. Stratos Wealth Partners LTD. acquired a new position in shares of Orbotech during the 3rd quarter worth about $173,000. Altshuler Shaham Ltd acquired a new position in shares of Orbotech during the 2nd quarter worth about $176,000. Koshinski Asset Management Inc. acquired a new position in shares of Orbotech during the 3rd quarter worth about $226,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Orbotech during the 2nd quarter worth about $248,000. Institutional investors and hedge funds own 71.08% 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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