Orbotech Ltd Got Some Good News

By Ryan Adsit

Standpoint Research analyst Ronnie Moas upgraded Orbotech Ltd (NASDAQ: ORBK) to Buy yesterday. The company’s shares closed yesterday at $29.84.

According to TipRanks.com, Moas is a top 100 analyst with an average return of 5.8% and a 70.2% success rate. Moas covers the Technology sector, focusing on stocks such as Lexmark International, Nuance Communications, and Ultra Clean Holdings.

Orbotech Ltd has an analyst consensus of Strong Buy, with a price target consensus of $40.50.

Orbotech Ltd’s market cap is currently $1.43B and has a P/E ratio of 17.35. The company has a book value ratio of 1.8921.

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Orbotech Ltd. engages in the design, development, manufacture, market and service of automated optical inspection (AOI) systems for bare printed circuit boards (PCB), flat panel displays (FPD), and imaging solutions for PCB production. It operates through the following segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software. The Production Solutions for the Electronics Industry segment designs, develops, and trades automated optical inspection, automated optical repair, imaging, and production systems used in the manufacture of PCBs and other electronic components. The Solar Energy segment includes the design, development, manufacture and marketing of solar photovoltaic energy systems that produce electricity directly from sunlight. The Recognition Software segment includes the development and marketing of check processing and healthcare revenue cycle management solutions to banks, financial and other payment processing institutions. The company was founded on February 8, 1981 and is headquartered in Yavne, Israel.