Orbotech (NASDAQ:ORBK) Rating Reaffirmed
The financial firm has just set a target price per share of $30 on Orbotech (NASDAQ:ORBK) shares. This is 36.24% from the previous close. In analysts report sent to clients and investors on Thursday, 10 December, Needham has decided to reaffirm their Buy rating on shares of ORBK.
From a total of 5 analysts covering Orbotech (NASDAQ:ORBK) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $35 while the lowest target price is $22. The mean of all analyst targets is $26.2 with a 28.29% above today’s ($22.02) stock price. Orbotech was the topic of 4 analyst reports since September 8, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on December 2 with “Outperform” rating. RBC Capital Markets maintained ORBK stock in a recent report from November 6 with “Outperform” rating.
The stock increased 2.99% or $0.64 on December 9, striking $22.02. Approximately shares of stock traded hands. Orbotech Ltd (NASDAQ:ORBK) has risen 23.22% since May 7, 2015 and is uptrending. It has outperformed by 25.16% the S&P500.
Orbotech Ltd. is a provider of production solutions for printed circuit boards (PCBs), Liquid Crystal Display (LCDs) and semiconductors devices (SDs) and similar solutions to manufacturers of other electronic components, such as touch screens and interconnect substrates. The company has a market cap of $908.40 million. The Firm operates through three divisions: Production Solutions for the Electronics Industry, Solar Energy and Recognition Software. It has 17.63 P/E ratio. The Production Solutions for the Electronics Industry segment consists of the design, development, manufacture, marketing and servicing of solutions designed to enable the production of electronic products and improve the electronics production processes.
According to Zacks Investment Research, “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)” Get a free copy of the Zacks research report on Orbotech Ltd (ORBK).