Orbotech (NASDAQ:ORBK) Moves On JP Morgan Initiating Coverage of Shares

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How JP Morgan Currently Rates Orbotech (NASDAQ:ORBK)

Analysts at JP Morgan have commenced coverage coverage for shares of Orbotech (NASDAQ:ORBK) in an analyst note revealed on 21 December. The broker set a Overweight rating on the $922.47 million market cap firm.

From a total of 5 analysts covering Orbotech (NASDAQ:ORBK) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 $27 with a 31.52% above today’s ($22.24) stock price. Orbotech was the topic of 5 analyst reports since September 8, 2015 according to the firm StockzIntelligence Inc. Needham maintained shares on December 10 with “Buy” rating. RBC Capital Markets maintained ORBK stock in a recent report from November 6 with “Outperform” rating.

Approximately 63,087 shares of stock traded hands. Orbotech Ltd (NASDAQ:ORBK) has risen 10.17% since May 18, 2015 and is uptrending. It has outperformed by 15.97% 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 $922.47 million. The Firm operates through three divisions: Production Solutions for the Electronics Industry, Solar Energy and Recognition Software. It has 17.81 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)”

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